DAILY COLLECTION OF MAR ITIME PRESS CLIPPINGS 2015 –...

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2015 – 110

Distribution : daily to 32.800+ active addresses 19-04-2015 Page 1

Number 110 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Sunday 19-01-2015

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The MICLYN CONSTRUCTOR 1 has arrived in Benchamas Field, Thailand after

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EVENTS, INCIDENTS & OPERATIONS

Solstad’s NOR CHIEF outbound from Malta – Photo : Michael Cassar ©

Hannon Westwood: What Shell’s takeover of BG means for North Sea?

Hannon Westwood, an energy intelligence group, has provided its insight into the recent deal whereby Shell will buy BG Group for $70 billion, the second biggest oil and gas deal on record after Exxon and Mobil’s £51bn ($75.3bn) merger in 1998. Among other things, the intelligence group has paid special attention to the implications of the deal on the North Sea assets of the merged company.Shell and BG expect to make annual savings of £1.7bn ($2.5bn) and the combined company is estimated to be worth £180bn ($266bn). The transaction will create the largest independent LNG producer in the world forecast to produce nearly a fifth of global LNG supply in 2017-18. The other major prize for

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Shell is BG’s Brazilian oil portfolio of mean total reserves and resources amounting to 6 billion boe and gross production expected to peak at 2.6 million boepd.

The deal increases Shell’s production by 20% and reserves by 25% particularly in Australia, Brazil, and East Africa. Strategically Shell is now also, in place of BG, one of the biggest suppliers of natural gas to China, which despite its recent decrease in economic growth rate remains one of the world’s fastest growing markets.The BG share price had fallen by approximately 30% over the last year compared to Shell’s 10% reduction over the same period, creating a predator/prey situation. Overspending in US shale gas exploration, a decline in gas production in Egypt and rising costs in key markets such as the UK, Brazil and Australia have all been factors affecting the BG share price negatively.

As Shell announced the takeover bid, it reinforced its strategy to reduce exploration and to make global asset sales for the combined group totalling £20bn ($30bn) between 2016 and 2018. There are expected to be global synergies within the group and further job losses are expected, the North Sea included. However, Shell CEO Van Beurden said the company was to invest £4bn in the North Sea between 2016 and 2018 and was committed to the region.

North Sea divestments ahead

However, Shell had announced that it will sell some of its North Sea upstream assets (Anasuria along with Teal, Teal South, Guillemot A and Cook; Nelson; and Sean) after a profits warning in early 2014. Despite the fact that 17% of BG’s global production in 2014 came from the UK, it is likely that Shell will proceed with divestments comprising mainly mature fields and planned developments where an investment decision has yet to be made, across the combined Shell and BG global portfolio.In the UK, BG has one firm and one contingent well commitment and five drill-or-drop commitments in addition to 3 discretionary wells in Hannon Westwood’s planned wells database. Shell has a number of future well commitments, including three firm, two as operator, along with four contingent wells and three drill-or-drop commitments.“In Norway, we are not aware of any firm plans for E&A drilling by BG, either as operator or partner. Shell has two drill-or-drop decisions, one as operator (Norwegian Sea) the other as partner (North Sea), which may lead to drilling by 2019,” Hannon Westwood said in its release.Other than the firm commitment wells, it is unlikely that additional exploration will be undertaken in a low oil price environment, unless there are material prospects in acreage deemed to be important for retention as part of the long-term North Sea strategy. Non-core prospects are very likely to be farmed-out or, if a farm-out can’t be achieved, relinquished.

Mature fields

Forecast production from BG’s UK and Norwegian fields will add a further 120 mboepd to Shell’s estimated production of 305 mboepd for the region in 2015. However, much of BG’s UK production portfolio is mature. It was reported in July 2014 that BG had hired Rothschild in an advisory role in order to restructure its portfolio with plans to sell the Armada, Everest and Lomond fields. Along with the Shell assets put up for sale in 2014, they will most likely still be considered for divestment. Many of Shell’s other UKCS fields are also very mature and a strategic review of the combined portfolio could identify further candidates for divestment. Shell’s Norwegian portfolio will likely remain intact.

In terms of potential new developments, other than Jackdaw which accounts for about 50% of BG’s net resources in undeveloped discoveries, and handful of other discoveries, there is little in the way of potential new developments in the joint portfolio that would be considered to be either material or strategic to the merged entity and divestment is likely.

Hannon Westwood CEO Ian Norbury commented: “Shell’s move to acquire BG has been expected for some time and obviously makes sound strategic sense. Shell has struggled with its worst production performance for over 15 years and several expensive dry holes internationally. The acquisition will increase Shell’s oil and gas reserves by almost 30%, will access a management team with a successful exploration track-record, and will position Shell as a key player in international LNG. Whilst the North Sea will remain a key production area, mature and non-strategic elements of the combined portfolio are likely to form part of the promised global asset sales.” This is an adapted version of an article originally published by Hannon Westwood. Source : offshoreenergytoday

KrisEnergy spuds sidetrack well in Gulf of Thailand

KrisEnergy Ltd. has announced that the KEY GIBRALTAR jack-up rig has started drilling of the Rossukon-3ST sidetrack exploration well in G6/48 in the Gulf of Thailand. Rossukon-3ST is the fourth well to be drilled in the G6/48 contract area in 2015 following successful results for the Rossukon-2, Rossukon-2ST and Rossukon-3 wells in March and early April. Rossukon-3ST will be drilled from the Rossukon-3 surface location and is planned to reach a total depth at 6,689 feet (2,039 metres) measured depth (-4,500 feet true vertical depth subsea) with a maximum deviation



of 74 degrees. Water depth at the Rossukon-3 well location is 208 feet. G6/48 covers 566 sq. km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. KrisEnergy took over operatorship of G6/48 in May 2014. The company holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%.The KEY GIBRALTAR jack-up rig is owned by Shelf Drilling (Southeast Asia) Limited. KrisEnergy has contracted the rig for a firm six months for its Thai drilling program, which includes the latest Rossukon series of wells in G6/48 and 15 development wells in the Wassana oil field. Source : offshoreenergytoday

Goliat FPSO Unit Arrived Offshore Norway The FPSO unit for the GOLIAT oil field in the Barents Sea completed the final stage of its journey from South Korea to Norway at the end of last week. The Dockwise Vanguard heavylift vessel, which is transporting the unit, arrived at Hammerfest in northern Norway on April 17. The world’s largest heavylift vessel set sail from Ulsan in South Korea on Feb. 14 on its 15,700 nautical mile journey. Vetle Dalan, subsea technology manager for operator Eni Norge, explained the next steps in the field development process to delegates at the Subsea Valley Conference in Oslo on April 15“There will be some activities prior to float-off of the FPSO. Some of the different systems will be started up, and there will be a float-off just outside Hammerfest,” Dalan said. “After float-off the FPSO will be located in Ersvika fjord close to Hammerfest and the fjord phase will last for two to three weeks. After that the FPSO will be towed out to the field location and mooring and pull-in of risers will take place later this spring and in early summer” The aim is to start up production from the field via the geostationary FPSO vessel in late summer this year, Dalan added. Currently, two wells are being drilled; five wells have already been drilled and completed. Hydrocarbon resources from GOLIAT, which will

become the northernmost oil field in the world, will be produced through a total of 22 wells with 11 producers, nine water injectors and two gas injectors .Two 12-inch subsea pipelines have been installed, and the subsea production system will provide the means for injecting chemicals to prevent hydrate, wax and scale formation. Subsea installation took place in 2011 and 2012, and remaining work includes the hookup and pulling up of the risers.The GOLIAT FPSO unit will be moored with 14 polyester mooring lines in three clusters of 4, 4 and 6 lines at 400 m (1,312 ft) water depth. The Sevan Marine-designed floater, the world’s largest cylindrical floater yet built, weighs 64,000 tons, is 117 m (367 ft) in diameter and 75 m (246 ft) tall and is designed to hold up to 1 MMbbl of crude oil. Power will be provided from land, while oil will be exported by shuttle tankers. Associated gas will be reinjected, while the possible export of gas is also being evaluated. The project is substantially behind schedule, originally having been planned to come on-stream before year-end 2013. It



is also over budget, with project cost estimates now put at US $5.5 billion (NOK 45 billion), up from the original estimate of $4.2 billion, due mainly to engineering adjustments and higher equipment prices. source : EPmag Photo’s : FLYING FOCUS luchtfotografie www.flyingfocus.nl ©

15-04-2015: The HANJIN AMSTERDAM preparing to drop anchor in Seattle on “tax day”

Photo : Frank van Hoorn - www.argonautics.com ©

Another Avance Gas VLGC is sent to dry-dock for inspection

A second brand-new Avance Gas VLGC is to be sent for dry-docking after its sister ship experienced technical difficulties just 11 weeks after its launch. In March, the Monsoon (83,000dwt, built 2015) experienced what Avance calls “technical irregularities” during its maiden voyage from Balboa, Panama to China.

Its sister ship Breeze (82,000dwt, built 2015) will be dry-docked in Singapore on April 22 for inspection, which will delay the vessel entering service, Avance Gas said today.The inspection will aim to ensure the same defect that affected Monsoon will not affect Breeze or Avance’s five other VLGCs that will be delivered during the next six months. Breeze was delivered to Avance Gas on April 9 from Shanghai Jiangnan Changxing Heavy Industries, China. Monsoon arrived from the yard in January. Lloyd’s Technical Investigation Department is still investigating what went wrong with the Monsoon, which has been dry-docked at China’s Zhoushan Changhong International Shipyard since April 8.“The preliminary conclusion is that the aft stern tube bearing will need modifications in order to achieve normal bearing clearances, which are in the fraction of millimetres,” Avance Gas said today.The vessel is expected to be refitted by the end of the month and to be back in service during first two weeks of May, the company says. Source : Splash 24/7

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SMIT BULLDOG rest time longside LQB VIVALDI & LQB VERDI at the Suez Canal Expansion Project,Lot 4

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UK looking to cement its position as a leading maritime cluster

Over the years, a lot of cities have emerged as potential candidates to lure ship owners and shipping companies away from traditional maritime centers like London. Some of them have succeded more so than others, but the British capital has remained the main choice for most ship owners. This will be the case in the future, according to Mr. Doug Barrow, Chief Executive at Maritime London, an organization which is promoting London as a premier maritime centre. At the same time, Mr. Barrow is at the forefront of the London International Shipping Week (LISW). In an interview with Hellenic Shipping News Worldwide (www.hellenicshippingnews.com ) he reveals the goals around this year’s upcoming LISW and offers details of what should we expect. How did the idea of LISW came to be? It had long been a view that there should be a regular, significant maritime event in London. After all, London is the world’s premier maritime business centre. There have been attempts to hold a Posidonia type event around a maritime exhibition, but the format didn’t work. Exhibitions are good for displaying and promoting equipment and visible services, but not ideal for promoting professional business services so we needed to look at alternative models. The energy industry has, for many years, had a very successful International Petroleum Week that attracts over 2000 influential industry figures and government officials to three days of conferences, roundtables and breakfast sessions with a series of networking opportunities. This seemed to be a good formula that could apply to the maritime industries. Even with this model, efforts had been made to develop a form of LISW a few years ago, but we were unable to find an organiser who was prepared to take the financial risk. In September 2012, Shipping Innovations approached the industry to take the concept forward and, after a series of meetings, both the industry and the government agreed to support the concept. It was realized then that for the event to be a success, industry and government had to work together with the organisers, they did and the rest is history What’s your view of the inaugural LISW back in 2013? Would you deem it a success compared to what the original expectations were? The first LISW in 2013 was an unparalleled success and certainly exceeded our expectations for the first event. The steering group all had confidence that it would be a success, but momentum gained as we neared the start of the week. There were some within the industry who were sceptical about “yet another maritime event” and were slow to connect, but it soon became apparent that, with significant industry support matched by an enthusiasm from

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government, this was going to be big; and it was. With over 70 separate events during the week, a high profile conference and having to move the dinner to a larger capacity venue due to demand for tickets, life was not dull. Which are the main targets for LISW 2015? If, by targets, you mean audience, we are looking to attract a global gathering with industry leaders from around the world. There will be more focus on demonstrating the UK’s role in an international market.We are looking to see LISW15 being viewed as a “must attend” global shipping event with a higher attendance than LISW13. This will be seen by the larger number of key global players who attend the week, but it will be the high quality of the contents of the week’s events that will attract them.Prior to, and as a result of the LISW15 conference, we will see some significant thought leadership papers giving ideas for the trends over the next ten years. Which will be the main theme of this year’s week? LISW15 will be considering the areas players will need to address in order to consider a ten year perspective on shipping. The overarching theme is Shipping in 2025 and we have identified five particular areas to be considered Innovation; Investment; Challenges; Relationship with Government and the evolution of World Maritime Trade. The conference on 10th September will focus on these areas and it is anticipated that the majority of events during the week will be tied into these themes. Are you happy with the progress made so far? Very much so. Whilst LISW13 was a success, there was a lot we learnt about how to do things differently and importantly, to understand what the industry, government and especially those attending the events were looking for. I expect LISW17 to be even better than LISW15! London is arguably the most successful maritime cluster globally. Which were the main factors which attracted so many shipping companies and maritime players in the British capital? The cluster originally grew alongside the growth of British shipping over many hundreds of years. As international trade developed from the 17th century, the new ship owners needed to finance their ventures and ships, this led to shipbuilding, ship financing, legal and insurance services providing the necessary products to support this growing industry and as the centre grew, it attracted more owners who could access all the services in a one-stop-shop location. Once established, the cluster has survived despite the reduction in owners in the UK, but it is important we continue to attract maritime commercial interests to be located in the UK otherwise, there will be a gradual decline in services. Looking at why London has retained its importance as a maritime centre important factors include the rule of law, the continuing high quality of the services provided, the skill set that is available across the sectors and the ethics of the industry embodied in the motto of the Baltic Exchange – Our word, our bond. Despite this, the UK flag hasn’t been enjoying the same success, as evidenced by the latest figures for 2014 which indicated that a declining trend is now the norm, rather than the exception. Why is that in your view? Other flags have been able to provide a more flexible approach to owners and have responded to customer needs. The government is aware of this problem and steps are being taken to ensure that the respond to owners requirements whilst still upholding the quality of the flag. Is there a viable danger of an “immigration” wave by ship owners to other countries, like for instance Dubai or even Singapore, where the taxation framework on shipping is a lot more friendly? We have already seen some movement towards other centres, but taxation is not the only reason commercial maritime operations will decide where to be located. If that were the case, then Dubai would have already been flooded with new companies. It is important that the location is able to provide the services needed to operate a company. Without those skilled in law, finance, insurance, shipbroking, accountancy etc. all working together then it would be significantly harder to operate a shipping or chartering company. It is also important there is high quality infrastructure in terms of transport, communication etc. Finally, there needs to be a good working relationship between industry and government. The centre has to provide value for money. You can choose to drive a budget car or a quality car. If those maritime commercial organisations want the best quality and widest range of services, then they need to look no further than the UK. The government is undertaking a Maritime Growth Study and it is anticipated we will see some positive changes in due course encouraging companies to continue to be located in the UK for many years to come. Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide

Baltic-UKC dirty Handysize freight rates near 6-month low on lackluster inquiries

The cost of sending 30,000 mt dirty product and fuel oil cargoes from the Baltic Sea to the UK Continent has fallen to the lowest level in almost six months because of a lack of charterer inquiries in the Baltic and UKC regions.Freight



rates on the Handysize Baltic-UKC route were assessed Worldscale 2.5 lower at w132.5 Wednesday. This equates to $12.61/mt, the lowest since a $12.35/mt assessment on October 20, 2014. Rates on the route have dropped by over w50 in the past two months as lower cargo flows have left the Baltic region with an oversupplied Handysize position list. “It’s worryingly bad at the moment, there just isn’t the volume coming out that we need to see,” said a shipbroker. In most instances when there is a poor supply of cargoes in a region, shipowners will reposition vessels in busier areas but a major problem for Handysize owners at present is that demand has also been low for dirty Handysize vessels in the Black Sea and Mediterranean. This has meant that there are currently no great outlets for the owners of dirty vessels and sources have said that some owners have considered trading one or two of their vessels in the busier clean Handysize market instead. There has been a huge disparity in Black Sea-Med rates for Handysize tankers in the dirty and the clean markets in recent days.On Wednesday, dirty rates on the route were assessed at w145, while clean rates on the same route were assessed at a massive w310.“I know a couple of owners have been flirting with the idea [of switching some vessels to clean] but I haven’t seen any make the switch yet,” said a shipbroker.The cleaning costs to convert a dirty vessel to enable it to carry clean cargoes are around $70,000, according to shipping sources.Source: Platts

The STADT RAVENSBURG anchored off Singapore for bunkers photo : Piet Sinke © CLICK on the photo

Baltic index perks up on increased rates for bigger vessels

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Thursday as rates for bigger vessels rose. The overall index, which factors in average daily earnings of capesize,

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panamax, supramax and handysize dry bulk transport vessels, gained seven points to 593 points.The capesize index gained 27 points or 5.47 percent to 521 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose $169 to $4,656. The panamax index was up 10 points at 636 points.Average daily earnings for panamaxes, which usually carry 60,000 to 70,000-tonne cargoes of coal or grain, were up $79 at$5,076.The handysize index was down two points at 360 points while the supramax index was up four points at 612 points.Source: Reuters (Reporting by Kevin Jose in Bengaluru, editing by David Evans)

Yang Ming joins Wan Hai, PIL and Cosco in Asia-Mideast loop

Yang Ming Line, Wan Hai Lines, Pacific International Lines and Cosco Container Lines have jointly kicked off a new container service between the Far East and the Middle East. The weekly service, which Yang Ming calls the CG2, employs six vessels of around 5,500 20-foot-equivalent units. Of these, Yang Ming has deployed three ships, with the other three partners providing one vessel each for the joint service.

The port rotation for the 42-day voyage is as follows: Pusan, South Korea; Qingdao and Ningbo, China; Kaohsiung, Taiwan; Shekou, China; Singapore; Jebel Ali, United Arab Emirates; Penang, Malaysia; Singapore; Kaohsiung and back to Pusan, offering a transit time of 21 days from Pusan to Jebel Ali. In a trade notice, Singapore-based PIL said the new service “complements its current China-Middle East Service, or CMS, with enhanced port coverage, increased frequency and improved transit time for customers.”“With this second Asia-Middle East service, Wan Hai Lines will be able to provide customers with even better quality services between Asia and Middle East with increased service frequency and enhanced port coverage,” Wan Hai said. “With this new loop, we will be able to optimize our network between the Far East and the Middle East and to provide more reliable service to our customers with shorter transit time and wider coverage,” Cosco said in a notice to customers. Source : Journal of Commerce

Yang Ming inaugurates service of new vessel

By Amy Su

The YM WISH – CLICK on the photo !

Yang Ming Marine Transport Corp, the nation’s second-largest container shipper in terms of fleet scale, launched the service of its first 14,000 twenty-foot-equivalent units (TEU) vessel in Kaohsiung Harbor. The YM WISH is currently the largest container ship in its fleet, with the company set to take delivery of another 14 vessels by the end of next year through a lease deal inked with Seaspan Corp — a Canada-based independent container ship owner.“The introduction of these new vessels will help the company upgrade its fleet,” Yang Ming chairman Frank Lu told reporters at a ceremony to mark the ship’s maiden voyage. With lower operational costs and more efficient energy usage, the 15 new vessels could help the company save up to NT$6 billion (US$191.98 million) annually in the future, with total savings this year expected to reach NT$2 billion, Lu said. In addition, Lu said the new vessels, which would offer services for routes from the Far East to Europe, could give Yang Ming an edge in the highly competitive ultra-large vessel market. After the new vessels join the shipper’s fleet, Yang Ming might transfer several 8,000-TEU container ships operating in European routes to US routes, to boost the company’s competitiveness in the US market. Asked if the company is expecting record-high profits in the first three months of the year given low global crude oil prices, Lo said he was not certain. Longer term, he said that freight rates and fleet expansion in the container shipping sector, which is expected to continue to outpace demand this year, could




affect the company’s profitability, Lu said. Analysts generally expect Yang Ming to post stronger net profits in the first quarter compared with the fourth quarter last year, mainly due to much lower oil costs. Yang Ming could also strong profit growth for the full year because of cost-savings, they said. Yuanta Securities Investment Consulting Co said in its latest report that Yang Ming would post earnings per share (EPS) of NT$0.63 in the first quarter, compared with a loss per share of NT$0.49 in the same period last year. That would also be significant improvement from EPS of NT$0.11 in the final quarter of last year.The company reported sales of NT$33.15 billion in the first three months of the year, up 17.4 percent from a year earlier. source: taipeitimes

16-04-2015: the brand new bulker ULTRA DANIELA on its maiden voyage into Vancouver harbour

Photo : Robert Etchell ©

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Construction starts on BC Ferries’ second Intermediate-class LNG vessel

Polish shipbuilder Remontowa Shipbuilding has successfully completed the steel cutting of BC Ferries' second of three Intermediate-class ferries (ICF). The new dual-fuel ferries, which are capable of running either on liquefied natural gas (LNG) or diesel, will replace ageing ships in the fleet. These new-builds are part of BC Ferries' vessel replacement plan to standardise its ships for greater interoperability, the company stated. BC Ferries president and CEO Mike Corrigan said: "These new ferries will not only reduce our impact on the environment, but will also bring us one step closer to standardising our fleet for better interoperability on all of our routes."Having these new ferries that are the right size for their routes will create greater efficiencies and in turn, save costs. We look forward to welcoming the new vessels into our fleet.""Having these new ferries that are the right size for their routes will create greater


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efficiencies and in turn, save costs." BC Ferries will replace QUEEN OF BURNABY and QUEEN OF NANAIMO with two new ships designed to accommodate 145 vehicles and 600 passengers. The third ship will be used to strengthen peak and shoulder season services on the Southern Gulf Islands route, alongside providing refit relief.Delivery of the first and second vessel in the series is expected to be in August 2016 and October 2016, respectively, while the third ICF is scheduled for February 2017.In July 2014, Remontowa Shipbuilding received contracts worth $165m to construct these three vessels. Source: ship-technology

HS MELINA LOADED 2 DAMEN STU 1205 IN ROTTERDAM

Last week 2 brandnew Damen

Shipyards group built

STU 1205 units named NC-7L and NC-8L built for KTK (Kompania Di Tou Korsou) the boats with yard number 502515 and 502516 sailed from the yard in Gorinchem to Rotterdam Europoort to be loaded onboard the HS MELINA for further transport to Willemstad (Curacao) The ETA of the HS MELINA in Willemstad is April 30th Photo’s : Rimmert Berlijn ©



The ferry MIKO NATALIA 88 approaching the Domestic Ferry terminal in Sekupang – Batam (Indonesia)

photo : Piet Sinke © CLICK on the photo

Ocean-going vessels required to switch to clean fuel while at berth with effect from July 1 The Air Pollution Control (Ocean Going Vessels) (Fuel at Berth) Regulation (Cap. 311AA) was approved by the Legislative Council today (April 15). When the new Regulation takes effect on July 1 this year, all ocean-going vessels (OGVs) will be required to use compliant fuel while berthing in Hong Kong to reduce emissions and improve air quality.The compliant fuels stipulated under the Regulation are low sulphur marine fuel with sulphur content not exceeding 0.5 per cent, liquefied natural gas and any other fuels approved by the Director of Environmental Protection.A spokesman for the Environmental Protection Department (EPD) said that the Regulation requires OGVs to use compliant fuel while at berth in Hong Kong, except during the first hour after arrival and the last hour before departure.The date and time of an OGV’s arrival and departure and the fuel switch operations must be recorded. The relevant records and bunker delivery notes for the OGV need to be kept on board for three years. If an OGV uses technology that can achieve the same or less emissions of sulphur dioxide (SO2) when compared with low sulphur marine fuel, the OGV may be exempted from switching to compliant fuel while at berth. The Regulation will take effect on July 1, 2015. The master and owner concerned of any OGV using non-compliant fuel while at berth in Hong Kong will be liable to a maximum fine of $200,000 and imprisonment for six months. Shipmasters and ship owners who fail to record or keep the required particulars will also be liable to a maximum fine of $50,000 and imprisonment for three months.OGVs generally run on heavy fuel oil with an average sulphur content of 2.6 per cent. The SO2 emissions of an OGV at berth account for about 40 per cent of its total SO2 emissions during its stay in Hong Kong.The new Regulation will help reduce the total emissions of SO2 and respirable suspended particulates by 12 per cent and 6 per cent respectively, thus contributing to the improvement of Hong Kong’s air quality and a reduction of associated health risks.The EPD will hold briefing sessions for shipping trades on the details of the Regulation in May 2015.Source: HKSAR Government


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The TAMIAT NAVIGATOR departing Dunedin. Photo : Ross Walker ©

Egypt: Rules on the storage of weapons Members are asked to review internal procedures and ensure CSOs and SSOs are familiar with the rules and regulations for weapons that may be carried on vessels in any particular jurisdiction that a vessel may call at. Weapons on board shipsShips may, at times, have weapons on board for a variety of reasons. In recent times it has been the increased usage of armed security guards, particularly when transiting the Gulf of Aden, which sees vessels carrying fire arms for a certain period of their voyage.It should not come as any surprise that nation states have laws and regulations with respect to the ownership and / or possession of weapons (including, but not limited to, firearms) and that these can vary significantly between jurisdictions. Arriving in the jurisdiction / waters of a nation state means that its laws will apply and vessels should be aware of the specific rules wherever they may go. Failing to observe such rules can lead to delays, detentions, fines, confiscation and even the risk of imprisonment for violating national laws. A recent re-issuing of the regulations in Egypt serve as a useful reminder to ensure that both Company Security Officers (CSOs) as well as Ship Security Officers (SSOs) continuously review arrangements and regulations, so that vessels are and remain in full compliance of local laws for all relevant periods of time. Egyptian regulations The Association has received a recent update from its correspondents in Egypt with details of an existing circular from the Maritime Transport Sector (via the Port Said Shipping Chamber), which explains the regulations with respect to the storage of weapons while transiting the Suez Canal. A copy of the circular and a free translation are reproduced alongside this advisory. Details of the weapons transfer procedure, including a free translation, can be found in the further document republished alongside this advisory.Furthermore, our correspondents’ agency department provides the following advice to masters before transiting the Suez Canal: QUOTE Dear Master; Kindly find attached copy of the notification received from Port Said Shipping Chamber dated 23 February 2012 regarding new regulation for vessels carrying weapons onboard . Vessel should provide her agent with detailed list by any / all weapons onboard for security and safety reasons plus names and details of security guards on board too.Also kindly note that according to SCA and other ports authorities , any weapons onboard to be collected from the vessel, stored, transported and redelivered to the vessel while exiting Suez Canal.Please note that this process will include storage cost of USD 500 to be paid to the authorities against official invoice and transportation expenses will be on agent’s account too. UNQUOTE Most recently further information has been received, this time via agents GAC that the notification period prior to arrival may be moved up to 72 hours and that the cost of keeping the weapons in custody / storage may have gone up. Members should therefore seek to obtain the latest advice from their agents in Egypt well in advance of arrival, preferably before 72 hours in advance of arrival, so that any updated procedures for notification can be duly complied with. The alternative is to risk delay, and perhaps a violation of local law and regulation.This advance planning and preparation should be conducted in conjunction with a sound procedural and practical implementation of the ISPS Code on both ship and shore.



Further reading The Association has previously published detailed information about the ISPS code.Further specific advice on having possible contraband on board a vessel was recently published.For vessel specific enquiries, members are asked to contact their usual Skuld business unit.Source: Skuld

The LUMINOUS ACE inbound Port Phillips Heads from Bass Strait for Melbourne Photo : Bill Barber ©

Plans for Sepanggar port to be transhipment hub

The Sepanggar Bay Container Port has been proposed to be upgraded to become the Transhipment Hub of the East by 2030, said Sabah Deputy Chief Minister Tan Sri Joseph Pairin Kitingan. He said Sabah Port Authority (SPA), which made the proposal, wanted to balance the export and import activities at the port which currently has a high percentage of import activities at 80% compared with export (20%)“The imbalance is the main reason for the shipping cost to send cargo or container to Sabah where shipowners must consider the return cost in determining the container delivery cost to Sabah.“High shipping cost is the main reason for the cost of living and cost of doing business (that is high) in Sabah,” he said in reply to a question from Chan Foong Hin (DAP-Sri Tanjong) at the Sabah State Legislative Assembly yesterday.He said SPA and Sabah Port Sdn Bhd had presented an application to the federal government for the project, worth RM1.5bil, to be included in the budget for the 11th Malaysia Plan.Pairin who is also Sabah Infrastructure Development Minister said a study related to the proposal costing RM200,000 was being undertaken and was expected to be completed this month.He said the state government through the state Economic Planning Unit and Sabah Economic Development and Investment Authority had also agreed and supported the proposal.To an additional question from Datuk Syed Abas Syed Ali (BN-Balung) on measures taken by the government to reduce the difference in the costs of goods between Peninsular Malaysia and Sabah, Pairin said several initiatives had been identified and discussions with the Transport Ministry was ongoing.He said there were still many things to be considered and a more detailed meeting to discuss this would be continued. Meanwhile, to a question from Datuk Au Kam Wah (BN-Elopura), Industrial Development Deputy Minister Datuk Bolkiah Ismail said Sabah’s main exports last year included rubber (RM217.7mil), palm kernel cake (RM326.4mil, crude petroleum (RM18.6bil), sawn timber (RM393.5mil) and manufactured goods worth RM3.3bil. Source: Bernama

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It was reported at http://gcaptain.com/russian-trawler-burns-off-canary-islands-incident-photos/ that the Russian-owned factory trawler OLEG NAYDENOV was seriously gutted by a fire that broke out on April 11 at Las Palmas on the island of Gran Canaria. Incidentally, I took a photo of that vessel just a week before when moored at Las Palmas. She belongs to the last large series of factory trawlers (type Atlantik 488) built by VEB Volkswerft Stralsund and was delivered in 1990 as LEONID GALCHENKO before being renamed in 2005. Photo: Martin Lochte-Holtgreven ©

ABS Group Announces New President and CEO ABS Group of Companies, Inc. (ABS Group) is pleased to announce the appointment of Todd Grove as its new President and CEO. Grove most recently served as Senior Vice President and Chief Technology Officer for ABS Group’s parent company, American Bureau of Shipping (ABS). With more than 30 years at ABS, in various senior technical and operational management roles across the world, Grove is a proven leader with a successful track record.Grove holds a bachelor’s degree in Naval Architecture and Marine Engineering from the University of Michigan, an MBA from the University of Houston and is a graduate of the Harvard Business School’s Advanced Management Program.ABS Group is a global leader in providing technical services that better enable companies to operate safely, reliably, efficiently and in compliance with applicable regulations and standards. Operating in over 30 countries, ABS Group offers services to the offshore and marine markets, the energy and power sectors, the chemical and pharmaceutical industries and to governments and governmental agencies globally.With his global operational leadership experience and industry-recognized expertise in the marine and offshore markets, Grove is uniquely qualified to strengthen the alignment between the two organizations and to lead ABS Group into the future as the preferred strategic partner for ABS.“ABS Group has a strong, sound strategy for the future and we are fortunate to have someone of Todd’s experience and background to take on this important role,” Chairman of ABS Group of Companies, Chris Wiernicki said. “I have great confidence in his ability to lead the ABS Group team to execute its business plans and I am optimistic about the organization’s future.”Commenting on his new role, Grove said “I very much appreciate this opportunity and I look forward to leading such a well-known and respected brand. ABS Group has a unique range of technical services focused on meeting the needs of a strong, diverse client base. These services and the quality of our employees make me extremely confident in maintaining and growing the business across the globe.” Source: ABS

Aegean Bulk’s EVANTHIA outbound from the Geelong Grain Terminal Photo : Bill Barber ©

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CNOOC’s flagship drilling rig voyages home from Bay of Bengal

China National Offshore Oil Corp.’s flagship HAIYANG SHIYOU 981 offshore drilling rig started its voyage back to China on 6 April after completing its first overseas assignment.The platform spent 58 days drilling a well in the Bay of Bengal to a depth of more than 5,030 metres – its deepest to date – in waters 1,732 metres deep .source interfax

The Bulker PROMISE 3 navigating the Dordtse Kil in The Netherlands – Photo : Willem Hoogendijk ©

Cruise liner Divina’s inaugural visit marked The cruise ship MSC DIVINA made her inaugural call to Bermuda this week — and the ship’s captain was presented with a traditional maritime plaque to mark the occasion.Tourism Minister Shawn Crockwell and Minister of Public Works Craig Cannonier met the liner’s captain, Pier Paolo Scala. MSC DIVINA entered service in 2012, and was originally called the MSC Fantastica until the operators

renamed her to honour the actress Sophia Loren. The vessel arrived in Dockyard on Tuesday with 3,402 passengers.The MSC DIVINA will be returning again for her second and last call for this cruise season on May 2.Mr Crockwell said: “I was honoured to meet the captain and crew and it was great to get to see such a magnificent vessel. The MSC DIVINA is a gorgeous ship, one of the most beautiful I have ever been on, and it is easy to see why she is considered a star of the MSC fleet.“Bermuda is very fortunate to continue to attract this calibre of cruise ships. Having two premier-class ships this week in Dockyard is indeed a boost to our economy and a great way to kick off our 2015 cruise ship season.”Mr Cannonier added: “I would like to congratulate the Works and Engineering team, Wedco and all of the contractors who all did a great job of getting the Heritage and Kings Wharfs ready in time for these visiting vessels.” Source : royalgazette

Suezmax shuttle tankers benefit from MacGregor's Pusnes bow loading systems

MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first quarter 2015 order intake.



South Korean shipyard Sungdong Shipbuilding & Marine Engineering Co Ltd will install a Pusnes bow loading system on a 157,000 dwt Suezmax DP2 shuttle tanker under construction for tanker specialist Tsakos Energy and Navigation Ltd. The Greek headquartered company specified Pusnes loading systems for two earlier shuttle tankers, the Brasil 2014 and Rio 2016, both delivered in 2013. The other two systems will be installed on a pair of 156,000 dwt Suezmax shuttle tankers under construction at Hyundai Heavy Industries in South Korea for Knutsen NYK Offshore Tankers AS.

"These prestigious orders include engineering, production and commissioning of our proven bow loading systems. They confirm our unique market position and increase our already large installed base in Brazilian waters," says Ann-Kari Heier, Vice President for MacGregor Offshore Loading Systems. "An impressive reference list and our long, successful relations with the companies and yards concerned combined with our strong market position made us win these contracts."Pusnes is the market leader in bow loading systems and has been supplying the market for nearly four decades. Pusnes solutions provide safe and secure connections that allow shuttle tankers to load oil directly from offshore facilities while holding station by means of dynamic positioning systems.

The Dutch coaster KELT arriving at Raynes Jetty, Llanddulas 15th April to load limestone chippings for Tilbury.

Photo: Dennis Oliver ©

Hyundai Heavy may liquidate German wind energy units

Hyundai Heavy Industries, the world’s largest shipbuilder, said that its German wind energy affiliates may be liquidated due to their prolonged losses.The Germany-based subsidiaries in question ― Jahnel-Kestermann Getriebewerke GmbH and JaKe Service GmbH ― have posted deficits ever since they were acquired by the Korean shipbuilder in 2011.

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“Many options, including liquidation, are being considered,” said Hyundai Heavy spokesman Ryu Geun-chan.“As our company is also experiencing difficulties, diverse measures are being considered for (operations) that are not part of the company’s main business,” he added.In 2011, JaKe Service posted a loss of 41.1 billion won ($37.4 million). In the following year, the company’s debt overtook its assets after posting a loss of 35.1 billion won.The protracted slump in the European wind turbine industry may have also fueled Hyundai Heavy’s discussion over the possible liquidation, analysts said.According to Bloomberg New Energy Finance’s report, only $50.5 billion was invested in the global industry in the first quarter of this year, the lowest level in two years due to a decline in wind and other clean energy projects.Hyundai Heavy itself is also suffering from a slump in the shipbuilding business, largely due to falling demand for ships, offshore and onshore plants.Local reports said the liquidation may take at least one or two years and that the company may consider other options during the process. Source: Korea Herald

The SAPURA ONIX seen moored at the Wilhelmina kade in Rotterdam for the handing over ceremony last Friday

Photo : Wouter van der Veen ©

Rosneft, Seadrill and NADL Agree to Extend the Framework Agreement

Rosneft and North Atlantic Drilling Limited have agreed to extend the termination date of the Framework Agreement signed on August 20, 2014 until May 31, 2017.Additionally, the parties have agreed to renegotiate the terms and characteristics of the transactions contemplated in the Framework Agreement and the terms of the related offshore drilling contracts.Both parties reserve the right to terminate the Framework Agreement and /or any offshore drilling contracts at no cost.For more information, please visit : http://www.rosneft.com

PSA: Consent to use Island Constructor AS Norske Shell has received consent to use ISLAND CONSTRUCTOR for activities at well 6407/09-A-55-H on the Draugen field. Draugen is an oil field in the Norwegian Sea in 250 metres of water. The field has been developed using a fixed concrete facility with an integrated deck. Stabilised oil is stored in tanks in the base of the facility.Island Constructor is a facility designed for well intervention which is operated by Island Offshore Management AS. The facility received Acknowledgement of Compliance (AoC) in September 2010.For more information, please visit : http://www.psa.no

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NAVY NEWS

The Coast guard base at the Indonesian Island of Batam with seen the KNP 330 and P 325 moored at Sekupang

photo : Piet Sinke © CLICK on the photo an hyperlink in text !

Navy's new destroyer to be launched into sea today

Navy's new destroyer, VISAKHAPATNAM, with enhanced capability to operate in nuclear, biological and chemical atmosphere, will be launched in Mumbai on today The ship is the first of the four follow follow-up order of the Kolkata class warships and will give a major flip to India's maritime capabilities when it is inducted in 2018. The total cost of the project is little over Rs 29,600 Crores.

Def Committee Report on shipyards for P75-I Project this month

The high-level committee of the Defence Ministry, which will identify shipyards capable of building country's next six conventional submarines under a Rs 50,000-crore scheme, will submit its report by this month end. Besides the state-run shipyards, private players like Larsen & Toubro (L&T) and Pipavav Defence & Offshore Engineering Company, in which Anil Ambani-led Reliance has announced to pick up a controlling stake, is eyeing the mega deal. The Committee has visited all the shipyards in the country and will submit its report by April end, Vice Admiral A V Subhedar said. The senior Naval officer, who heads the Committee having seven members, besides him, though remained tight-lipped about the findings. Defence sources, however, said both the L&T and Pipavav is likely to make the cut besides the state-run Mazagon Dock Limited (MDL). MDL is already making six Scorpene submarines. Asked if MDL would be the natural winner, sources said, the eco-system has to be developed and hinted that the order could go to a particular shipyard which could then outsource a part of project to others. India had in October decided to build six submarines at a cost of about Rs 50,000 crore under Project 75-India, rather than source it from outside. The government has set-





up an eight-member committee to study both public and private shipyards.The ministry will issue Request for Proposal (RFP) to specific ports that will be identified on the basis of the study which will look into whether they have the capacity and manpower to build the six submarines in the same port only besides other parameters. The submarines will be Air Independent Propulsion (AIP) capable that will enable them to stay underwater for longer than a conventional submarine, besides, having enhanced stealth features. The Navy currently has 13 operational submarines and the target set in 1999 was to have 24 by 2030.The previous UPA government had gone in for six Scorpene submarines and the first is likely to be delivered only in September 2016. Source: business-standard

French Warship L’Adroit Joins EU Naval Force Operation Atalanta

On Wednesday 15 April, French Navy warship, FS L’Adroit, joined the EU Naval Force to conduct counter-piracy operations off the coast of Somalia.The L’Adroit is a Gowind class Offshore Patrol Vessel (OPV), that can accommodate a helicopter, Unmanned Aerial Vehicle (UAV) and a Rigid Hulled Inflatable Boat (RHIB).Whilst en route to the Horn of Africa from her home port of Toulon in the South of France, the ship’s crew conducted extensive operational training at the NATO Maritime Interdiction Centre (NMIOTC) in Crete. During her month long

deployment she will contribute to the protection of vulnerable vessels and the deterrence of piracy in the waters off the Somali coast. Source: Eunavfor

Japanese naval ships visit Vietnam Two Japanese naval ships arrived and docked at Tien Sa Port in the central city of Da Nang on Thursday for a four-day friendship visit The JS KIRISAME and JS ASAYUKI destroyers of the Japan Maritime Self-Defense Force (JMSDF) have more than 500 sailors and officers onboard.The crew is led by Colonel Sugimoto Masaharu, Commander of the JMSDF’s frigate fleet No. 12.During the visit, they are scheduled to meet with officials from the Da Nang People’s Committee, the High Command of the Military Zone 5, and the High Command of the Naval Region 3.They will participate in sports activities with officers and soldiers of the Naval Region 3 .source: thanhniennews

SHIPYARD NEWS

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Nordic Yards Names New Managing Director

Herbert Aly has been appointed as the new Chairman of the Board of Management of the Nordic Yards Group.He succeeds Vitaly Yusufov, who will preserve his links with the company as a member. “I am extremely pleased that we have been able to gain the services of Dr Aly for the company. We now have one of the industry’s most well-respected shipbuilding experts on the board of Nordic Yards,” says Yusufov. “He will drive forward the development of the company and give fresh impetus to its transformation from a shipyard to an engineering services provider.”

The appointment of Dr.-Ing. Aly strengthens the top management of the Nordic Yards shipyard group and moves the focus specifically on to high-margin areas of business. “We will further develop our know-how and expertise to deliver best quality, adherence to programme and acceptable prices,” adds Aly. “To succeed as a specialist on the international markets, we will concentrate much more on profitable niche markets.”The strengthening of the management will drive forward the transformation of the company group from a shipyard to an engineering and project services provider. “This is my long-term growth strategy as owner,” says Yusufov.Dr.-Ing. Herbert Aly takes up his role from today. He will be supported by members of the Board of Management, Jürgen Wollny, Fred-G. Wegener and Hans Jürgen Wio. Source : offshorewind

The VLGC KUMUL under construction at the Shanghai Hudong Shipyard for the PNG- LNG project.

Photo : Ian Edwards ©

New orders at Chinese shipyards drop 76.8% in Q1

China’s shipyards saw newbuilding orders slipped in the first three months of this year, but production at the yard continued to rise, according to figures released by China Association of The National Shipbuilding Industry (Cansi). From January to March, new orders at Chinese shipyards plunged by 76.8% year-on-year to 5.99m dwt, putting the existing orderbook at 144.93m dwt at the end of March, down 2.5% year-on-year.Completed tonnage, however, continued to increase by 27.5% to 9.47m dwt, with 8.54m dwt due for exports, Cansi figures showed.Based on figures from the 54 leading yards monitored by Cansi, they received new orders of 4.87m dwt in the first quarter, a drop of 80% compared to the same period of last year. The 54 leading yards sat on a combined existing order backlog of 142.88m dwt, largely stable compared to year-ago figures. Completed vessel tonnage came up to 7.88m dwt, up 23.3%. On a wider scale, Cansi also monitors 88 main yards, which showed that they completed a combined vessel tonnage valued at RMB93.37bn ($15.06bn) in the first three months, representing an increase of 8.4% year-on-year.The 88 main yards also drew in a total revenue of RMB64.67bn in the first quarter, an increase of 8.9% compared to the previous corresponding period. Net profit was recorded at RMB170m, down 87.8%.Cansi also revealed that in the between January and February this year, 1,486 Chinese shipyards generated a total revenue of RMB81.46bn, up 5.5% from year-ago figures. The profit was registered at RMB2.27bn, down 14.2%.China’s shipbuilding industry is currently experiencing a recession and undergoing a consolidation phase, where there are now a little more than 100 shipyards with active day-to-day operations, shrinking from approximately 300 during the second half of last year. Source: Seatrade Global



Bangladesh comes window-shopping for ships to Kolkata

After the successful commissioning of the offshore patrol vessel Barracuda into the Mauritian Coast Guard, Bangladesh is considering the possibility of ordering warships from India. The Barracuda was designed and built by Garden Reach Shipbuilders and Engineers (GRSE) Ltd in Kolkata. A few days ago, when Bangladesh Coast Guard director general Rear Admiral Mohammad Makbul Hossain visited Kolkata, he visited GRSE and interacted with chairman-cum-managing director Rear Admiral (retd) A K Verma. “Ever since the Barracuda was delivered and commissioned in March this year, we have been receiving delegations from several countries. With the Bangladesh Coast Guard DG, we discussed the shipbuilding facilities available in Kolkata and our capabilities. We informed the delegation from Bangladesh how several advanced ships of the Indian Navy are being built at GRSE,” Verma said later. Presently, GRSE is building Anti-Submarine Warfare Corvettes for the Navy.Orders have also been placed for three stealth frigates under Project 17A. The shipyard is also among the five in the country shortlisted to build six conventional submarines under Project 75 (India). The Kolkata shipyard is also likely to build four patrol vessels for Vietnam as part of a $100 million credit line extended by India. The defence PSU is also competing with six companies to bag an order for two light frigates for the Philippines. Defence experts believe that it will be a major event if Bangladesh places orders for ships from GRSE. This will reduce Bangladesh’s reliance on China and Pakistan for military hardware. “Countries like Bangladesh don’t have shipbuilding facilities of their own. They rely on other countries for ships and other military hardware. China has already made it clear that it is keen to extend support to countries in the Indian sub-continent. This is a matter of grave concern. Many of these countries would not have turned to China had India not behaved in such a ham-handed manner in the past. Countries like Myanmar had sought a credit line from India in the past in the form of military vessels. It turned towards China after India turned down the offer. Today, we are learning that it pays to make friends in the neighbourhood,” one of them said.In fact, Bangladesh has already used a ship built by GRSE. The first warship built in India was the INS Ajay. This was delivered to the Navy by GRSE in 1961. In 1974, the ship was gifted to Bangladesh after a major refit. There it was renamed BNS Surma. Source: TNN

ROUTE, PORTS & SERVICES

World’s only Festival of Icebreakers to be held in Saint-Petersburg on May 2 – 3

The world’s only Festival of Icebreakers will be held for the second time in Saint-Petersburg on May 2 – 3, the Organization Committee says. The Festival is dedicated to the 70-year anniversary of Victory in the Great Patriotic War and to the deeds of the Polar Convoys.The event will be held in the water area of Bolshaya Neva and will involve the operating icebreakers of the North West Basin Branch of FSUE Rosmorport: MOSKVA, IVAN KRUZENSHTERN, KAPITAN SOROKIN. Icebreaker KRASIN, branch of the Museum of the World Ocean in Saint-Petersburg, will be the flagship of the Festival. Citizens and guests of Saint-Petersburg will be able to visit the icebreakers during three-day period, special tours will be arranged to the museum of the Admiralty Shipyards and to the icebreaker ARTIKA being built at the Baltiysky Zavod. The Festival programme includes tours to icebreakers, large-scale historic

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reenactment dedicated to the development of Arctic and the Polar Convoys during the Great Patriotic War, as well as the presentation of the today’s icebreaking fleet of Russia.The Parade of Icebreakers to be held with the support of PORTOFLOT CJSC on May 3. The programme of the closing ceremony will included the performance of the symphony orchestra and opera stars of Saint-Petersburg. source :PortNews

Birdseye view of the Franklin Offshore base in Rotterdam seen moored the SAPURA ESMERALDA, SAPURA

ONIX and the FAR SAPPHIRE and the sheerlegs MATADOR 3 leaving the basin

S. Korea begins expansion of vehicle-only seaport

South Korea began work to expand the capacity of a vehicle-only port that is designed to boost the country’s auto exports, the government said.The construction for a new vehicle-only quay began at the southwestern Pyeongtaek-Dangjin Port, according to the Ministry of Oceans and Fisheries.The construction is set to be completed in January 2018, bringing up the port’s processing capacity to over 1.5 million cars per year, the ministry said in a press release. The port is currently designed to process only 1.2 million cars a year, but the fast growth of the country’s auto exports caused over 1.5 million vehicles to be delivered to the port last year, nearly 25 percent of the country’s overall auto exports.South Korea exported 6.35 million cars, including some 3 million new vehicles, in 2014.“Once the construction is completed, the capacity of the Pyeongtaek-Dangjin Port will be significantly enhanced, also strengthening the port’s role as a hub for auto exports,” the ministry said.Meanwhile, Hyundai Glovis Co., a logistics arm of Hyundai Motor Group, which will spearhead the construction and operation of the new facility, aims to rake in 21 billion won (US$19.2 million) in additional sales every year with the increased capacity.The company expects to process 400,000 cars annually through the quay where it will invest about 71 billion won. Source: Yonhap

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Montevideo high sulfur bunker fuel hits highest premium to Buenos Aires since February

The price of high sulfur bunker fuel in the port of Montevideo, Uruguay, rose Wednesday to its highest premium over the same product in the competing port of Buenos Aires, Argentina, since February, based on Platts assessments.


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In Montevideo, IFO 380 was assessed at $434.50/mt delivered, $4.50 higher than Tuesday, due to stronger fuel oil prices, a lack of product and firm demand.At Buenos Aires, IFO 380 CST grades were assessed at $390/mt delivered, down $14, based on price indications, abundant supplies and poor buying interestThe assessments put high sulfur bunker fuel in Montevideo at a premium of $44.50/mt over the same product in Buenos Aires, the highest premium since February 20 when it was $47/mt, according to Platts data.Year to date, the average premium has been $1.38/mt, Platts data showed. In the last few days, Uruguayan bunker fuel suppliers have not provided price indications to their clients due to the lack of product.According to the suppliers, ANCAP’s La Teja Refinery has limited fuel oil supply to the bunker market, diverting its output to the state-owned power company UTE.On Wednesday, market sources said a large physical supplier in Buenos Aires sold 850 mt of IFO 380 CST at $390/mt delivered for April 20 to a Uruguayan trader.The deal was confirmed by both parties involved, but they asked not to be identified. Source: Platts

The FAR SAPPHIRE outbound from Rotterdam passing Maassluis Photo : skyphotomaassluis ©

Wellness at Sea Seminar Promoting on board health and well-being

Sea Asia, Seminar Theatre Level 1 12:00-12:45, Wednesday 22nd April 2015

Join us at Sea Asia and find out more about Wellness at Sea, Sailors’ Society’s new coaching programme aimed at improving seafarers' on board health and well-being.

Fatigue, poor mental health, stress and many other issues can affect seafarers as they go about their daily work and can be the difference between safe transit and a major incident. Wellness at Sea seeks to combat these issues by addressing five key areas of wellness: social, emotional, physical, intellectual and spiritual.

Speakers: Johan Smith, Sailors’ Society Jan Webber, Sailors’ Society Tim Huxley, Wah Kwong

Relevant to: Crewing and manning agencies, ship owners, CSR reps, those in environment and compliance roles, and seafarers themselves.



MARITIME ARTIST CORNER

The most beautiful ship built by De Schelde shipyard in Vlissingen, the WILLEM RUYS is the latest work of

maritime artist Frans Romeijnsen www.galeriemarkant.nl

B O E K B E S P R E K I N G Auteur : Frank NEYTS

“365° Kust” De Belgische Kust is en blijft een toeristische topper, niet alleen voor de Belgen, ook heel wat buitenlanders vinden hun weg naar de 65 kilometer lange kuststrook. Bovendien is het maritieme nooit ver weg. Nieuwpoort, Oostende, Blankenberge of Zeebrugge, dat zijn de havensteden, elk met een heel eigen sfeer. Maar ook buiten die havensteden is de zee, hoe kan het anders aan de kust, nooit ver weg. Bij de Vlaamse uitgeverij Lannoo verscheen zopas ‘365° Kust, van Adinkerke tot het Zwin’. De uitgever noemt het werk het meest complete kustboek, of de ultieme kustbijbel voor al wie graag zon, zee, zout en alle zaligheden proeft. In dit unieke boek verzamelden de auteurs meer dan 365 heerlijke tips om het hele jaar door te genieten van al het fijne dat de Belgische kust en de erachter gelegen polders te bieden hebben. Naar zee gaan is altijd een beetje reizen en thuiskomen tegelijk. Nergens is de diversiteit om leuke dingen te doen en lekkers te proeven zo groot en toch zo dichtbij. De uitvalsbasis van dit boek vormen de tien kustgemeenten: De Panne, Koksijde, Nieuwpoort, Middelkerke, Oostende, Bredene, De Haan, Blankenberge, Zeebrugge en Knokke-Heist. De kustganger kan zo naar hartenlust tips en trips combineren en zijn tijd aan zee op eigen maat invullen.Samenstellers Sophie Allegaert, Marc-Pieter Devos, Els Henderyckx, Koen Hardeman en Olivier Willaert zijn zowel echte kustkenners als volbloed levensgenieters. Hun insidertips maken het boek tot een unieke kijk- en

leeservaring. “365° Kust” (ISBN 9 789401 424738) telt 383 pagina’s, werd als hardback uitgegeven, en kost 39.99 euro. Aankopen kan via de boekhandel of rechtstreeks bij Uitgeverij Lannoo, Kasteelstraat 97, B-8700 Tielst (België), tel: +32(0)51.42.42.95, fax: +32(0)51.40.11.52, www.lannoo.be

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…. PHOTO OF THE DAY …..

16-04-2015: The SETIA HIJRAH towing the HOLMEN PACIFIC in the Johor Straits Photo : Ton Mulder ©

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