DAILY COLLECTION OF MARITIME PR ESS...

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2016 – 130

Distribution : daily to 34.000+ active addresses 10-05-2016

Number 130 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Tuesday 10-05-2016

News reports received from readers and Internet News articles copied from various news sites.

The new TESO ferry TEXELSTROOM outbound from Amsterdam/Ijmuiden for trials

Photo : Marcel Coster ©

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EVENTS, INCIDENTS & OPERATIONS

The 1993 built 35.100 DWT 201 mtr long livestock carrier NADA arrived from Tianjin (China) and is above seen

anchored off Singapore Photo : Marleen Dieleman ©

This Caribbean Cruise Ship Has an IMAX Theater

Carnival’s newest cruise ship has a party piece: the first-ever IMAX Theater at sea The theater on Carnival Vista has a three-deck-high screen, offering what the company calls an “immersive cinema experience.”The 187-seat IMAX Theater is part of the ship’s Carnival Multiplex, which also includes the Thrill Theater, a multi-dimensional experience replete with moving seats and water and bubble sprays.The company said the theater would show Hollywood blockbusters, family favorites and IMAX documentaries.The cost? $12.95 for adults and $9.95 for children 12 and under and guests 55 and over for first-run movies. Source: Caribbean Journal staff

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Negative rates hit global shipping market as zombies slow M&A

The owner of the world's biggest shipping line says negative interest rates are hurting the industry by delaying the consolidation wave so badly needed. The monetary policy environment "means that consolidation will be much slower because it's easy for banks to keep weak shipping companies above water," Nils Smedegaard Andersen, chief executive officer of A.P. Moeller-Maersk A/S, said in an interview.It's the latest example of how negative interest rates are distorting markets and potentially even slowing growth. The policy has so far had limited success in reviving inflation while money managers in countries with negative rates are warning of the risk of asset price bubbles.With the unintended consequences potentially including a slower global shipping recovery, questions as to the policy's efficacy are bound to persist.

The MATZ MAERSK inbound for Rotterdam-Europoort – Photo : Cees van der Kooij ©

"Politicians aren't making the reforms that are needed and are leaving it to the monetary policy makers to solve the economic problems that many countries face with low competitiveness and low investment levels," Andersen said.A reliance on cheap finance in container shipping has led to "many negative effects," he said.The shipping industry doesn't have the buffers to deal with more hurdles. Container lines are "staring at a terrible 2016," with a slowdown in global trade volumes, low freight rates and overcapacity, Drewry Maritime Equity Research said in a report last month.It estimates the industry will lose US$6 billion this year. Hanjin Shipping Co., South Korea's biggest container carrier and the world's no. 8, is in the middle of a debt restructuring. Its banks on Wednesday agreed on the terms on condition that all creditors, including corporate bond holders, join the plan.Global shipping lines are increasingly forming alliances to help cut costs and underpin freight rates. Last month, CMA CGM SA and three other major lines signed a preliminary agreement to form a new group called Ocean Alliance, which could become the second biggest after Maersk Line's partnership with Mediterranean Shipping Co."We're satisfied with our current position within our alliance," Andersen said. "But if a container line were to come up for sale - with the right profile and also at the right price - we would consider it. We are, after all, businessmen."Meanwhile, the era of extreme monetary stimulus looks set to continue. A growing number of central banks from Sweden to Japan have resorted to negative interest rates in an effort to revive lending and growth.Maersk's home-country of Denmark has the world record in negative rates after hovering below zero for the better part of four years. "The negative interest rates are unhealthy symptoms and can lead to bubbles," Andersen said. Source: straitstimes

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MAARTEN JANSE 10 YEAR SERVICE WITH HOLLAND

AMERICA LINE A proud day for First Officer Maarten Janse as he proudly receives his 10 year service award, on board Holland America Groups elegant MS VEENDAM Photo courtesy Maarten Janse

BOSKALIS LATEST THE TERRA PLANA Last week Thursday when in Harlingen noticed the TERRA PLANA

at the Bodewes shipyard fitting out The DP1 (Navis) TERRA PLANA is an multi-purpose bed leveller vessel ( water injection/ploughboat) built under Bureau Veritas Class with a length overall of 39,5 mtr and beam off 12 mtr and design draft of 3.0 mtr so time to have a closer look at this high tech vessel

equipped with heavy A-Frame at the stern and a heavy crane with a capacity of 10 tons at 20 mtr The TERRA PLANA is powered by 2 Caterpillar 746 Kw main engines each driving a 746 Kw Veth /Azimuth thruster which ard installed a a spacious engine room together with a 320 kW Caterpillar engine which is driving the tunnel Veth bowthruster and an Caterpillar engine which is powering the 2 x 450 kW pumps installed at the

plow with a total capacity of 12.000 m3/hr in total is 3423 Kw installed in the TERRA PLANA is furthermore equipped with two winches at the bow, equipped with Dyneema

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ropes which are via sheaves at the bow connected to the plow under the stern of the TERRA PLANA whch is lowered via the heavy duty A-frame

installed at the stern of the vessel

The TERRA PLANA will soon leave The builders

Bodewes in Harlingen for her first dancing lessons offshore before heading for her first assignment , on behkaf of all the readers I would like to wish Capt Danny and his team safe sailing an many more jobs to come all photo’s : Piet Sinke © CLICK at the photo’s

Tullow weighs three options to fix FPSO Nkrumah

Tullow is considering three options on the table to fix the broken turret bearing of jubilee floating production storage and offloading (FPSO) vessel - FPSO KWAME NKRUMA, before resuming full operation, a company official has said. The company shut down operations in March this year after it noticed a broken turret bearing on the vessel following planned routine maintenance works but has started production after stabilising the vessel. “Fixing the problem itself in terms of the bearing, we did say that we are looking to come to a decision on the option to select by the middle of the year,” Mr Charles Darku, General Manager for Ghana Business Unit at Tullow Oil plc, said on Wednesday. “It could be one of three options that we discussed, it could be an off-station solution, a spread moor solution and another one,” he said“We will have discussions with the Government of Ghana, our partners and all other stakeholders to [reach a] decision for that activity to take place.”Mr Darku, who announced this to shareholders at the Company’s fifth investor forum, said the company had initiated steps to stabilise the national asset and allow full production of oil.Tullow says it would produce 33,000 barrels of oil per day as against the 100,000 it was producing before the planned shutdown.“We’re planning the shutdown for maintenance and this occurred so we went through the shutdown which was the planned maintenance activities which we have completed.”“We used that time and sometime after that to consolidate the procedures that we require to be able to off-take the cargo that was on-board the FPSO and start







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production”, Mr Darku said.The investor forum enabled Tullow oil to present to its shareholders in Ghana the company’s 2015 performance and outlook for 2016.Tullow Oil could not pay dividends to its shareholders, following a drop in world crude oil prices since mid-2014, the company recorded robust performance in 2015 registering average gross production of 103,000 barrels per day.However, first quarter of 2016 production was below expectations due to increased downtime following the concern identified with the FPSO Kwame Nkrumah turret bearing.The Tweneboa, Enyenra and Ntomme (TEN) project is now over 90 per cent complete and first oil remains on target for July/August 2016, Tullow said.The company estimates that TEN average annual production in 2016 would be around 23,000 bopd gross.It attribute the result its mid-year start-up and ramp-up in the second half. Source; Ghanaweb

Seaway Heavy liftings STANISLAV YUDIN seen installing the Sandbank topside installation with a weight of 2385 MT

Photo: Thomas Degenkamp ©

3 Vessels Suffer "Severe Fuel Problems" After Bunkering in Fujairah

Three vessels have suffered "severe fuel problems" after bunkering in Fujairah, according to a report published by Viswa Lab's MFAME. The vessels, which were not named, were said to have all suffered severe fuel pump damage in both their diesel generators and main engines.It was, however, indicated that the bunkers in question were within ISO8217 specification."Though most fuels meet ISO specifications, that alone does not mean that the fuel is fit for use," the report said.The news follows a report by Ship & Bunker Tuesday that data from fuel testing agency Veritas Petroleum Services (VPS) shows there has been a significant drop in cat fines in Fujairah's bunkers, along with an overall improvement in bunker quality at the port, that coincides with the post sanctions return of Iranian fuel oil to the local market. Source: Ship&Bunker

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On a very sunny sunday evening the SEABOURN QUEST left the port of Antwerp bound for Amsterdam.

Photo: Adri de Schipper ©

Ampelmann appoints three new Supervisory Board members

Ampelmann, the global leader in motion compensation access solutions, announces th appointment of three new members to the Supervisory Board. Frank Verhoeven, John Evans and Mark B. Duncan, three senior industry executives, will bring a wealth of international, commercial and operational experience and will play an important role in supporting Ampelmann’s growth ambitions CEO Jim Craig said, “I am delighted that John, Frank and Mark are joining Ampelmann’s Supervisory Board. All three are highly respected, well connected professionals with very relevant experience. I look forward to working with them as Ampelmann continues to grow and internationalize.” Frank Verhoeven is member of the Board of Management of Royal Boskalis Westminster N.V. since 2012 and of Smit since 2010. He joined Boskalis in 1976 and holds various offshore industry-related supervisory board positions. John Evans, Chief Operating Officer of Subsea 7, has a successful general management, commerciaand operational track record in the offshore industry. Prior to Subsea 7 in 2005, he was Chief Operatin Officer for KBR’s Defense and Infrastructure business in Europe and Africa. Mark B. Duncan, previously Senior Vice President Commercial at Bristow offshore helicopter services,brings a wealth of commercial and operational logistics experience to Ampelmann. Prior to joining Bristow in 2005, he was Commercial Director for ABB based in Houston, Texas, Senior Global Vice President, Commercial for Subsea 7. The vision of Ampelmann is to make offshore access as easy as crossing the street. The unique Ampelmann systems with fully motion compensating gangways allow safe, efficient and reliable transfers of personnel and cargo from vessels to offshore oil & gas platforms, turbines, F(P)SO’s and all other fixed and floating structures at sea. More than 2.4 million people have already walked to work safely on more than 150 projects worldwide. Ampelmann has offices in Delft, Singapore, Qatar, Brazil, Aberdeen, Brunei and Houston. For more information visit: www.ampelmann.nl

Dag van de Zeevarende op 25 juni voor de eerste keer in Nederland gevierd

Op zaterdag 25 juni 2016 is het de eerste keer dat in Nederland de Dag van de Zeevarende wordt gevierd. Dat is reden voor een feest! De zeevarenden worden in het zonnetje gezet en er komt aandacht voor het, vaak onzichtbare, beroep wat zij uitoefenen.

Het thema van deze bijzondere dag zal zijn:

They are at sea for all of us

Alle zeevarenden gaan een maand chillen… wat dan?

Geen stroom → Geen IPhone Geen katoen → Geen kleren Geen benzine → Geen bezoek aan familie Het werk van zeevarenden is vaak onzichtbaar. Hun schepen zijn ver weg.

Staan wij daar ooit bij stil?

25 juni wel! Van 10.00 tot 14.00 uur in het STC-gebouw aan de Lloydstraat 300 te Rotterdam.

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Het overgrote deel van het Nederlandse publiek weet tot nu toe weinig van vervoer over water. Zij realiseren zich nauwelijks dat 90% van de goederen via schepen aangeleverd worden èn dat daar nog een hele wereld achter zit. Op 25 juni kan iedereen kennis maken met de wereld van de Zeevarende! Vereniging Maritiem Gezinskontakt, Nautilus International, Rotterdam Mainport University, KVNR en alsmede tal van rederijen en organisaties hebben hun medewerking inmiddels toegezegd. Iedereen wordt hartelijk uitgenodigd om aanwezig te zijn op 25 juni.

The Odfjell tanker Bow Pioneer. Anchored in Portland 9th May 2016. Photo: Capt Shaun Beal Master Wave Sentinel ©

Due to travelling in Japan this week the newsclippings may reach you irregularly

The UNION BEAR outbound at the Westerschelde passing Vlissingen – Photo : Huib Lievense ©

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Panama Canal expansion exposes U.S. infrastructure, shipper woes

BY NICK CAREY The $5.2 billion expansion of the Panama Canal was expected to make U.S. East Coast ports more competitive for cargo ships carrying televisions, tennis shoes and other products from Asia.But those hopes are fading. As the wider, deeper canal nears its debut next month, ports that stand to gain aren’t ready to handle the bigger ships that will come through.The harbor in Charleston, S.C., for instance, is too shallow. The Bayonne Bridge outside New York and New Jersey terminals is too low.Delayed port fixes, a freighter glut and a wobbly global economy mean that, in the short term, the benefits of the expanded waterway along the U.S. East Coast will be marginal at best, say shipping executives and analysts.Hopes were much higher when the project started nearly a decade ago, amid cheerleading from U.S. ports officials. “There was a lot of hyperbole,” said Lawrence Gross, a partner at FTR Transportation Intelligence. “It will have an impact, but it’s not a game changer.”

IF THEY BUILD IT, WILL THEY COME?

A new lane will double the capacity of the 48-mile shortcut between the Atlantic and Pacific oceans. New locks will lift freighters carrying up to 14,000 standard, 20-foot-long cargo containers – nearly three times as many as ships fit now. U.S. port officials embraced the project and promised to make changes to accommodate bigger ships. Traffic already had been shifting east for several reasons, including labor disputes at the twin ports of Los Angeles-Long Beach. East Coast ports’ share of containers from Asia to the U.S. rose to 31 percent in 2015 from 26 percent in 2012, according to Drewry Maritime Research. The competition centers on cargo bound for the middle of the country. It has been cheaper for retailers as far east as the Ohio Valley to bring goods through West Coast ports. The new canal is expected to push the battle line west - just how far depends on energy prices, canal tolls, infrastructure investments, economic growth and other variables.Under the rosiest scenario for the Panama Canal, it would help East Coast ports handle goods for retailers nearly as far west as Chicago. Jim Newsome, CEO of the South Carolina Ports Authority, recently predicted the East Coast's share would hit 50 percent within a couple years. A Boston Consulting Group analysis issued less than a year ago forecast East Coast ports could reach parity with West Coast terminals by 2020. But that looks unlikely now, said Peter Ulrich, one of the authors of that report. "In the longer term, the theory is sound," Ulrich said. "But in the short term, I would be extremely cautious."The impact on the canal itself is less clear. The Panama Canal Authority did not respond to requests for comment. Some shippers said they were eager to use the expanded waterway to get more consumer goods to Latin American ports.Panamanian President Juan Carlos Varela said during an energy summit in Washington, D.C. this week the country planned to leverage the canal expansion by building new liquified natural gas facilities nearby, creating "a natural gas distribution hub for the entire region."

TALL SHIPS, SHORT BRIDGE

The Panama Canal was not the only bottleneck between Asia's factories and East Coast markets. The Bayonne Bridge spanning the tidal strait between New York and New Jersey is a big one. Ships plying the East Coast visit more than one port, but all stop in New York, which accounts for 40 percent of the container traffic for the Eastern United States. If a ship cannot unload part of its cargo in New York, it does not make economic sense for it to travel to the East Coast at all, shippers said. “New York is one of the main gateways to the Midwest and eastern Canada,” said Angel Mavares, head of marine operations for the Americas at Maersk (MAERSKb.CO), the world’s biggest carrier. “It’s a major obstacle if the largest market on the East Coast doesn’t have the scale to handle larger ships.” In anticipation of the Panama Canal improvements, the New York New Jersey Port Authority announced a $1.3 billion plan in 2010 to raise the bridge. But was delayed a year until late 2017 because of unanticipated complexities and a couple of bad winters. Some of the biggest carriers, including Maersk, Hapag Lloyd AG (HLAG.DE), and Orient Overseas Container Line (OOCL), a unit of Orient Overseas International Ltd (0316.HK), said they have no plans to change routes when the expanded Panama Canal opens. "At the end of the day, the infrastructure's just not there," said Gerry Wang, chief executive of Seaspan Corp (SSW.N), the world's largest lessor of container ships. Because the U.S. Navy dredged Norfolk, Virginia, some years ago, that port is ready for big ships, as it Miami, which spent $1 billion on dredging, rail and other improvements.Dredging Charleston's port needs congressional approval but could be completed by 2020, Newsome said. Dredging at the Port of Savannah in Georgia is expected to be completed in 2018. New Orleans and Mobile, Alabama, are preparing for the large ships as well.Another possible drag on new canal traffic is the slumping global economy, which has pummeled shipping rates and left many cargo ships idle. Retailers looking for discounts on shorter trips to the East Coast through the canal may be disappointed. Experts say shippers’ margins may be too weak to pass savings on."Traffic will only shift to East Coast ports if the carriers pass on savings to customers," said Gross, a partner at FTR Transportation Intelligence. "But the industry is already bleeding, so it's hard to see how."



Source; Reuters (Additional reporting by Nandita Bose and Nathan Layne in Chicago; Allison Lampert in Montreal and Valerie Volcovici in Washington, D.C.; Editing by Joe White and Lisa Girion)

When building the new lock in Ijmuiden The new cutter dredger BIESBOSCH of Van Oord has begun to suck away the soil of the southern lock island . Photo: Henk Honing www.fotohoning.nl ©

The CSAV TOCONAO (300 m.) whilst navigating the Westerschelde passing Walsoorden enroute to the Europa terminal in Antwerp photo: Stefan Lemmens

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Solis Marine welcomes Hassan Pakroo Solis Marine is delighted to welcome Hassan Pakroo to our team in London. Hassan is a marine engineer, who brings his experience as a chief engineer and senior consultant at Lloyd’s Register, which combines many years of investigation into hull and machinery damage, bunker disputes and ship condition assessment to complement Solis Marine’s existing capabilities. Hassan’s arrival enables Solis Marine to provide clients with a comprehensive consultancy service in marine engineering, salvage and wreck removal, master mariner and pilotage/manoeuvring issues, naval architecture and fixed/floating object damage. For more information please visit www.solis-marine.com.

Fires engulf tanker markets as US largest crude market faces disruption

Among the main stories in the oil markets this week, directly impacting the tanker crude market, has been the sad event of wildfires which have taken hold in the center of Canada’s oil sands operations in Alberta, which reportedly have resulted in shutting in up to 1 million barrels a day of production. In its latest weekly report, shipbroker Charles R. Weber noted that “the fires, which started late Sunday, spread from a forested area southwest of Fort McMurray and crossed the Athabasca River bisecting the town Monday. They began to threaten residential neighborhoods by midday Tuesday, prompting evacuations. According to the Red Cross the evacuation is the largest in Alberta’s history, forcing residents in more than 12 northern communities including Fort McMurray to leave their homes”. According to CR Weber’s John Kulukundis, based on data from the Canadian Association of Petroleum Producers (CAPP) in 2015, 58% of Canada’s oil production came from oil sands. So based on EIA figures for 2016 YTD, which puts Canada as the US’s largest crude importer averaging 3.5 m bbls a day – that would mean that oil sands crude could represent around 2 million barrels a day of Canadian crude imports to the US once blended with condensate to allow it to flow – arriving by pipeline and rail”.He added that “while Economists are trying to gauge the impact of the Fort McMurray wildfire and its disruption of oil sands production they are already cutting their outlooks for the Canadian economy. Estimates of shut in production vary considerably with Nomura Securities estimating 500,000 bbls a day while the latest from Canadian broadcaster CBC, estimates are that anywhere from 900,000 to one million barrels of oil sands production shut in and Reuters calculates it at “at least 640,000 barrels per day of capacity offline.” The town of Fort McMurray became the symbol of Canada’s oil boom over the last decade, attracting some of the world’s biggest energy producers amid a rush to build megaprojects to extract nearby oil sands. Thanks to the influx of investment from producers, thousands flocked to “Fort McMoney” as the city spent millions building heated bus shelters, schools, bridges and hockey arenas to accommodate its rapidly growing and affluent population”, said Kulukundis.According to CR Weber’s analyst, “while the oil sands plants themselves are not at risk at the moment, production has not just slowed down, but in some cases has stopped because the plants can’t operate at full capacity without staff which in many cases have been evacuated.Production reports are changing hourly as the fire spreads. Suncor’s base oil sands plant, located about 25 kilometers from the city, has removed all non‐essential staff and reduced production. Shell operated Albian Sands facility almost 100 kilometers out of town, has been shut down as a precaution, knocking almost 250,000 barrels a day worth of production offline. Husky Energy, which operates the Sunrise oil sands facility about 60 kilometers North of the city, says their operations are presently unaffected, though they have evacuated non‐essential personnel. Athabasca, operator of the Hangingstone facility approximately 15 kilometers south of the city said their facility is not under imminent threat. Canadian Natural Resources Ltd., operator of oil sands facilities even farther north, said it was working to ensure any affected workers and their families could use its camps. ConocoPhillips said its operations aren’t affected. Syncrude has reduced operations to help support employees who have been forced to evacuate while CNOOC subsidiary Nexen Energy said its operations were unaffected. Reuters has indicated that the Alberta government has said that pipeline company Enbridge was starting shutdown procedures due to the fire”, he concluded. Source; Nikos Roussanoglou, Hellenic Shipping News Worldwide

Container Shipping: Weak Demand Growth In Q1 Increases Pressure On The Industry

The demand for container shipping is really not going anywhere at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade. In addition, all numbers are impacted by Chinese New Year, which disrupts most trade figures for the first months of any year. BIMCO’s own data

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for the United States (US) imports on the east coast shows an increase of 6.5%, a significant rise even above the strong level seen in 2015. The west coast imports of loaded containers are only impressive in comparison with the very poor volumes seen in 2015. These were impacted heavily by the conflict between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) which clogged up the main ports. Volumes going into Europe from Asia dropped 6.8% in Jan-Feb 2016 from the year before, according to Container Trade Statistics (CTS). It’s not just the volumes via transhipment that used to go into Russia which caused the volumes to drop. Mainland Europe demand continues to be weak in itself. In 2015, volumes transported from Asia to Europe dropped by 3.6%. Out of which, volumes going specifically to Russia dropped by 24.2%. Head haul TEU-miles globally were down 1.2% in Jan-Feb 2016 (as measured by SeaIntel) compared to the year before. A similar negative development was seen in 2013, whereas 2014 and 2015 saw sailing distances grow faster than underlying TEU demand. This drop in demand for container shipping was also reflected in freight rates on all the container routes out of Shanghai covered by the Shanghai Shipping Exchange. Nearly all of the head haul freight rates sit at their lowest levels on record by mid-April. Both trades going to US east coast and west coast are 50% below a six year average for April. For Shanghai to Europe it is slightly worse. The exceptions are to destinations in East Japan and Santos, where rates are above the 2015-level but still below the six year average. Time charter rates seems to have reached their lowest possible level. Only very few charters exceed six months in duration. A clear sign of how bad the market is. No one commits to a longer term under current market conditions. “Bid and ask spreads” for longer term time charters are simply too wide, a huge change in that market over the past year. The selected charter rates shown in the chart indicate a flat line for most segments, but 4,250 TEU ships have seen rates slide from USD 5,700 to USD 5,250 per day in April alone. Supply: The delivery of new containership capacity, as well as the recycling of superfluous ships has exceeded our expectations slightly in 2016. 240,730 TEU was delivered into the fleet in Q1, whereas 105,509 TEU left it. The net growth of the fleet in Q1 was 0.7%. For the full year BIMCO expects 3.4%, slightly up from our January estimate. March saw the record broken for the largest containership ever to be demolished. The 15 year-old, 6,479 TEU post-panamax “CSAV Papudo” was sold to breakers in India at a strong USD 295 per ldt and became only the second ship with a capacity of more the 6,000 TEU to be demolished. Demolition of excess shipping capacity lies at the centre of the road to recovery, also for container shipping. Multiple years of negative fleet growth is needed to bring back sustainable freight rates to the industry. BIMCO’s forecast of 250,000 TEU to be broken up in 2016 only cuts into the fleet by a fraction representing 1.26% of the current fleet size. By mid-April owners have sent 115,570 TEU to the breakers primarily in India.With regards to new contracting activity, no orders have been agreed in 2016. This is the first time since Q2-2009 that three months have passed without any new orders signed. The lack of orders reflects the very poor market conditions and the fact that 2015 saw 2.2 million TEU being ordered. This was the second ever largest volume of containership capacity ordered annually– second only to 2007 when 3.25 million TEU was contracted. The one-sided focus on cutting costs per transported TEU by ordering ever larger ships continues along the lines of “bigger is better”. In 2015, 119 ships with a 10,000+ TEU capacity accounted for 87% of the total new capacity being ordered. The other 118 ships ordered, ranging in size from 1,000 TEU to 5,300 TEU accounted for only 13% This year, the average containership size for delivered ships is going down from the all-time-high 7,952 TEU in 2015 to around 7,000 TEU per ship. Outlook: Bunker fuel prices have followed the crude oil prices down from USD 560 per mt of 380 cSt bunker fuel oil in Singapore in 2014, to USD 292 per mt in 2015 and currently costs USD 177 per mt. This has encouraged some liner companies to exploit the lower fuel costs to sail the longer route and avoid the costly canal tariffs in the Suez Canal. As BIMCO has previously highlighted (in relation to avoiding piracy by re-routing round the Cape of Good Hope) low enough bunker prices open up for the possibility of longer sailings to cut out the expensive Panama Canal and Suez Canal transits. Today, the re-routing option from Europe or the US is a lot cheaper than going via the Suez Canal. This has prompted the Suez Canal to make an unprecedented move – offering 30% discounts to containerships sailing from the US East Coast back to Asia. Surely, this initiative is also a “welcome present” to the Panama Canal, which will be opening up its new locks for business shortly. For the shipping industry, this is a very positive move, as canal transit is normally very costly. The opening of the new set of locks in Panama mean more competition for Asia-US East Coast trades – something that we could hope would drive down canal transit fees. Liner operators currently engaged in negotiations for price and volume contracts, find themselves exposed. They are no longer shielded from the poorly performing spot market, as more and more contracts become index-linked.Managing capacity by the individual companies in the industry is at the centre of the recovery. As demand is not expected to grow at a pace needed to match the capacity of new ships entering the fleet, extensive idling of the modern and efficient ships in the fleet and continued demolition of the inefficient ships will improve the market both in the short and mid-term. For the longer



term management of capacity, a low level of contracting for newbuildings must be maintained. 2016 is off to a good start on all these parameters. Source: BIMCO

Independent Consultants and Brokers in the International Tug and Supply Vessel market (offices in London and Singapore)

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Wärtsilä to power first UK dual-fuel new build vessels

The first ever UK domestic dual-fuelled new build vessels will feature fully integrated Wärtsilä propulsion machinery packages. Wärtsilä will also supply extended engineering and site support services. The two ships, both 102 metre long ro-ro passenger ferries, are being built for Caledonian Maritime Assets Ltd (CMAL) based in Port Glasgow, Scotland. The contracts with Wärtsilä were recorded in December 2015. Besides being the first dual-fuel vessels for CMAL, they are also the first ever dual-fuel ships to be built in the UK. These will be built by Ferguson Marine Engineering Ltd. The yard is located on the River Clyde in Glasgow."This project highlights the fact that high-end, technologically advanced commercial shipbuilding is again present in Scotland. We value Wärtsilä's contribution as an important partner, not only in providing us with the latest dual-fuel technologies, but also through its comprehensive range of project support competences. The project is at the forefront of marine engineering within the global ferry sector," says Liam Campbell Managing Director, Ferguson Marine Engineering Ltd"Wärtsilä is proud to have been selected as the major machinery provider for these new ferries, which represent a significant milestone for the British maritime sector. These Wärtsilä solutions promote environmental sustainability through the use of the latest marine propulsion technology. By integrating the various systems we are able to optimise the operational efficiencies, thereby reducing fuel consumption and minimising the vessels' environmental footprint," says Aaron Bresnahan, Vice President, Sales, Wärtsilä Marine Solutions.In addition to site support services, Wärtsilä will supply each of the two ships with two 6-cylinder Wärtsilä 34DF main engines capable of operating on either LNG or conventional diesel fuels, two 6-cylinder Wärtsilä 20DF auxiliary engines, horizontally offset gearboxes, shaft lines, seals and bearings, controllable pitch propeller systems (CPP) including the Wärtsilä Energopac optimised propulsion and manoeuvring system, tunnel thrusters, the Wärtsilä LNGPac storage and supply system, plus extended commissioning and engineering. The ships will feature a twin screw dual-fuel mechanical propulsion driveline.The ferries are scheduled to enter service during the second half of 2018. They will operate on various routes along the west coast of Scotland. For more information, please visit: wartsila.com

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Vallianz clinches time charter contract worth up to US$63 million

Vallianz Holdings Limited (“Vallianz” and together with its subsidiaries, the “Group”), an established provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has been awarded a time charter contract valued at up to US$63 million for the supply of two offshore support vessels to a national oil company in the


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Middle East (“NOC”).The Group will supply two Anchor Handling Tug, Supply and Safety Standby (“AHTSS”) vessels to the NOC for a period of up to 7 years. The first AHTSS vessel is expected to be deployed to the NOC’s oil fields in the Arabian Gulf during the third quarter of 2016 while the second vessel is scheduled for deployment in the first quarter of 2017. The new contract lifts the Group’s chartering services order book to US$950 million, which comprises mainly of long term charters stretching up to 2024. CEO of Vallianz, Mr Ling Yong Wah said, “We are pleased to win this contract after the NOC awarded a US$98 million contract to the Group in December last year for the charter of four Anchor Handling Tug Supply (“AHTS”) vessels. This clearly demonstrates the good working relationship we have established with the NOC and the customer’s continuing confidence in the Group’s ability to provide best-in-class support for its offshore oil and gas production activities.”Vallianz recently commenced the charters for the four AHTS vessels and its specialized offshore floating storage and supply vessel, which have been deployed to the NOC’s oil fields in the Middle East.The Group sees immense opportunities to leverage its superior market position in the Middle East to strengthen its presence in this major oil producing region. It is presently bidding for charter contracts with a combined value of US$1.7 billion, mainly for projects located in the Middle East. The latest contract win for the two AHTSS vessels is expected to begin contributing to the Group’s financial performance from the second half of the financial year ending 31 December 2016.Vallianz Holdings Limited is an established provider of offshore support vessels and integrated offshore marine solutions to the oil and gas industry. Headquartered in Singapore, the Group provides offshore marine services to oil majors and national oil companies worldwide. Today, Vallianz owns and operates a young fleet of 42 offshore support vessels and covers markets in the Middle East, Asia Pacific and Latin America.To strengthen its foundation for growth, the Group is currently executing initiatives to expand its geographical reach, as well as broaden its range of marine assets and solutions. The Group also continues to seek opportunities and strategic alliances to increase its penetration in the major and emerging offshore oil and gas markets. Listed on SGX-Catalist, Vallianz is helmed by an experienced Board and management team. For more information, please visit : http://www.vallianzholdings.com

Harkand Group enters into administration The Board of Directors of Vard Holdings Limited (the "Company") wishes to inform that on 6 May 2016, the Company has been notified that Harkand Group (“Harkand”) has entered into administration. Harkand has one Diving Support and Construction Vessels under construction at VARD, originally contracted in December 2013 for delivery from Vard Søviknes in 2Q 2016. The vessel is in an advanced stage of construction. The Company is currently evaluating its position towards Harkand. If the shipbuilding contract is unlawfully terminated by the customer, VARD will contractually be entitled to retain the advance payments already received, equivalent to 20% of the original contract price, and to resell the vessel. The payments already received could facilitate a resale of the vessel. For more information, please visit: http://www.vard.com

Cargotec's Kalmar wins its largest ever crane upgrade contract

Kalmar, part of Cargotec, has been awarded the contract to upgrade seven ship-to-shore (STS) cranes at the Port of Tanjung Pelepas (PTP) in Malaysia. With a value of more than EUR 20 million, the order is the largest crane upgrade project to date globally for Kalmar. Site work is scheduled to commence in the third quarter of 2016. Malaysia's most advanced container terminal, PTP is located on the Straits of Malacca, the busiest shipping lane in the world, and has excellent road, rail and air connections. The terminal had an annual capacity of 9.1 million TEU in 2015. PTP is

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equipped with 57 super post-panamax cranes, and a substantial fleet of Kalmar equipment, including empty container handlers, terminal tractors and reachstackers, as well as the Navis terminal operating system (TOS). The upgrade project involves increasing the safe working load of the seven STS cranes, originally supplied by IMPSA, from 50 to 61 tonnes, modernising the cranes' control and electrical systems, as well as introducing a wide range of other safety and capability enhancements. PTP is part of the MMC Ports group, currently the 8th largest port operator in the world by container volume.Collin Swee, Key Account Manager for MMC Ports at Kalmar, says: "We're very pleased to have signed this large order with PTP, which is our biggest contract to date for crane upgrades. Upgrading the handling capabilities and safety features of existing cranes is a cost-effective solution for forward-thinking terminals that are seeking to maximise their capability with existing equipment. We're proud of our strong track record working with customers all around the world on complex projects such as these, and are delighted that PTP has chosen Kalmar to help them realize their goals for future capability." The project will be based in the Crane Upgrade competence centre at Port Klang who conduct crane upgrade projects throughout Asia Pacific for Kalmar's customers. For more information, please visit : http://www.cargotec.com

The BALTIC ADVANCE seen enroute Amsterdam – Photo : Patrick Deenik ©

Hercules Offshore reports a US$26.9 million loss Hercules Offshore, Inc.reported a net loss of $26.9 million, or $1.35 per diluted share, on revenue of $50.9 million for the first quarter 2016, compared to Predecessor net loss of $57.1 million, or $0.35 per diluted share, on revenue of $122.6 million for the first quarter 2015. Diluted weighted average shares outstanding for the Successor was 20.0 million shares for the first quarter 2016, while the Predecessor's was 161.1 million shares for the first quarter 2015. pon emergence from Chapter 11 bankruptcy on November 6, 2015, Hercules adopted fresh start accounting, which resulted in the Company becoming a new entity for financial reporting purposes. References to "Predecessor" refer to the financial position of Hercules as of and prior to November 6, 2015 and the results of operations through November 6, 2015. References to "Successor" relate to the financial position of the reorganized Hercules as of and subsequent to November 6, 2015 and the results of operations and statement of cash flows for the corresponding periods presented, which were subsequent to November 6, 2015. As a result of the application of fresh start accounting and the effects of the implementation of the Plan of Reorganization, the financial statements on or after November 6, 2015 are not comparable with the financial statements prior to that date. John T. Rynd, Chief Executive Officer and President of Hercules Offshore stated, "First quarter results reflect continued weakness in the operating conditions across our drilling and liftboat markets. The rebound in oil prices over the past few months, while encouraging, have yet to translate to a material improvement in business prospects, as customers remain extremely cautious. Further cost reduction measures have been implemented in response to the weak environment. "As previously disclosed, the Company has entered into a Forbearance Agreement with certain of our lenders. During the forbearance period, the Company and our advisors have been actively working with various parties to negotiate an agreement with respect to a potential recapitalization, business combination or other alternative strategic transaction, including a potential divestiture of the Hercules Highlander and restructuring of the Company's term loan."Revenue generated from Domestic Offshore by the Successor for the first quarter 2016 was $12.4 million, while Predecessor first quarter 2015 revenue was $52.9 million. The 77% decrease in revenue was driven largely by lower dayrates and utilization on a reduced rig fleet. Operating expense reported by the Successor for the first quarter 2016 was $11.7 million, while Predecessor first quarter 2015 operating expense was $36.0 million. The 68% decline in operating expense is largely attributable to a reduction in the number of marketed rigs in operation. Domestic Offshore reported an operating loss of $2.0 million by the Successor for the first quarter 2016, while the Predecessor reported operating income of $3.8 million for the first quarter 2015.Revenue generated from International Offshore by the Successor for the first quarter 2016 was $27.5 million, while Predecessor first quarter 2015 revenue was $51.6 million. The 47% decrease in revenue

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was primarily due to lower contracted dayrates for the rigs working for Saudi Aramco and idle time on the Hercules 208 and Hercules 267, partially offset by full utilization on the Hercules 260. Operating expense reported by the Successor for the first quarter 2016 was $23.4 million, while Predecessor first quarter 2015 operating expense was $50.2 million. The 53% decline in operating expense was primarily driven by cost reduction measures on the idle rigs as well as higher first quarter 2015 expense related to the demobilization cost of the Hercules 208 and contract preparation costs on the Hercules 260. International Offshore reported an operating loss of $0.2 million by the Successor for the first quarter 2016, while the Predecessor reported an operating loss of $20.9 million for the first quarter 2015.Revenue generated from International Liftboats by the Successor for the first quarter 2016 was $11.0 million, while Predecessor first quarter 2015 revenue was $18.1 million. The 39% decrease in revenue was driven primarily by lower dayrates and operating days. Operating expense reported by the Successor for the first quarter 2016 was $11.4 million, while Predecessor first quarter 2015 operating expense was $13.5 million. The 16% decline in operating expense was primarily driven by lower activity levels. International Liftboats reported an operating loss of $3.9 million by the Successor for the first quarter 2016, while the Predecessor reported an operating loss of $0.4 million for the first quarter 2015. For more information, please visit: www.herculesoffshore.com

Valletta Cruise Port welcomes Carnival Vista Valletta Cruise Port welcomed the Carnival Cruise Line brandin Malta, with the arrival of the cruise ship Carnival Vista. The ship was greeted by the lively tunes of a Maltese village band courtesy of Valletta Cruise Port plc. In an address, the Minister for Tourism, Dr. Edward Zammit Lewis said this development was very exciting and that the islands looked

forward to enhancing the relationship between the Maltese Islands and Carnival Cruise Line. Another interesting development is that approximately 80% of Carnival passengers are from the United States. This will help to diversify Malta’s cruise line market. Dr. Zammit Lewis said there was no doubt that the cruise market has taken on a critical importance within Malta’s tourism industry. A substantial number of first time visitors return for a longer stay, generating further business in touris 2015 was an absolute record year for the industry in Malta as 307 cruise line vessels entered the Grand Harbour.

According to figures published by the National Statistics Office, these vessels carried more than 670,000 passengers, up by 30% from 2014.Minister Zammit Lewis said the trend was continuing. Malta has just registered an exceptional rate of cruise tourism in winter. 17 cruise ships called in our port between January and March 2016, 8 more than last year. Nearly 40,000 passengers arrived in Malta in the 1st quarter of this year, an increase of 90% over the same period of 2015. “The results attained reflect the drive by all stakeholders to develop our product and promote Malta’s increasing attractiveness and popularity as a leading cruise destination in the Mediterranean, in what is a highly competitive market,” stated Dr. Zammit Lewis. The success in this industry is the result of efficient and concerted collaboration between various parties. He reaffirmed the Government’s commitment to increase efforts and investment, for further growth in this industry, and stated that the excellent results achieved indicate that Malta is on the right track.Meanwhile Valletta Cruise Port’s CEO Mr. Stephen Xuereb commented that in 2016 Valletta Cruise Port is welcoming more than 74 calls from Carnival brands which include amongst others Costa and AIDA, with over 150,000 passengers onboard.7 of these calls are by Carnival Vista with over 27,000 passengers. “Valletta Cruise Port has just invested €1.5 million in Forni Terminal to accommodate the increasing flows of

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passengers onboard the larger ships. Improving the infrastructure on Quays 4/5 and towards Lascaris Wharf is critical to the continued growth of the industry in Valletta. We are currently working on these plans looking to the future,” commented Mr. Xuereb. “This year we have been vested with Best Mediterranean Port & Destination 2015 by Cruises News and Best Terminal Operator 2015 by Cruise Insight. Special thanks go to all the personnel of Valletta Cruise Port, who together with local stakeholders relentlessly work to ensure that Malta is professional, efficient, reliable and flexible in meeting expectations on all fronts”.Before leaving port, passengers and crew onboard Carnival Vista had the opportunity to follow a historic re-enactment by Inguardia showing events happening during the times of the Knights of St. John, courtesy of the Malta Tourism Authority. As the Carnival Vista exited the historic Grand Harbour, a gun salute from the saluting battery of the Upper Barrakka Gardens was given courtesy of Mifsud Brothers Ltd. Source; Valletta Cruise Port

The BLACK STAR Inbound for Rotterdam Photo: Kees van der Kraan ©

Netwave supports Mercy Ships with VDR installation

Mercy Ships, which provides free live-saving surgeries for people where medical care is nearly non-existent, uses hospital ships to sail into the harbors of remote countries to perform these operations. As they sail through international waters, their vessels must comply with official safety standards under IMO regulations. Included in these regulations is the requirement to sail with an approved Voyage Data Recorder (VDR) onboard.The Africa Mercy, currently the largest civilian hospital ship in the world, was built in 1980 and carried a first generation VDR which

eventually was unsupported by the makers. Netwave supported Mercy Ships with a new VDR installation, making sure the vessel remained compliant to the regulations."After changing out the Africa Mercy’s original VDR for a NETWAVE VDR, the maintenance issues we had with the older generation unit have disappeared. This new unit has been dependable for us. Having companies within the maritime industry such as NETWAVE partnering with us underscores that we all can be a part of helping the less fortunate," stated Ciaran Holden, Technical Superintendent for Mercy Ships.For more information on Mercy Ships, to volunteer for a maritime or other position or if you would like to contribute, please visit www.mercyships.org or write to [email protected].




The OCEAN ENDEAVOUR visited Brest – Photo : Jacques Carney ©

CASUALTY REPORTING

Container Ships Collide off Ningbo

On Saturday, en route from Qingdao to Ningbo in China, Maersk Line’s Safmarine Meru collided with the Northern Jasper, a German-owned container vessel. The incident took place around 120 nautical miles East of Ningbo. The collision caused severe damage to the Safmarine Meru and a fire broke out. The Safmarine Meru’s crew of 22 people abandoned the vessel shortly after. The crew of both vessels are reported to be safe. The transfer of the crew from the Northern Jasper to shore is on-going and when on shore the crew will be provided with medical support and crisis counselling. “We are very relieved that our crew are safe and have not suffered any serious injuries. The safety of our people, at sea and on shore, is paramount to us,” says Palle Brodsgaard Laursen, Head of Ship Management in Maersk Line. Safmarine Meru is afloat and anchored. Firefighting was initiated Sunday morning local time. While there is no visible fire, there is smoke and firefighting continues. The Chinese authorities are on the scene. “It is too early to comment on the circumstances surrounding the collision and fire. Our focus now is to put the fire out and get access to the vessel to assess damage to the vessel and cargo,” says Laursen. Safmarine Meru is a 4,650 TEU container vessel, built in 2006 and sails under the Hong Kong flag. At the time of the collision, Safmarine Meru had less than 400 full containers on board and was deployed on Maersk Line’s TP18 service. Northern Jasper was built in 2009 and sails under the Liberian flag. It has a 8,400 TEU capacity and is owned by Norddeutsche Reederei NAV.

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NAVY NEWS USS Manchester named after New Hampshire's

largest city U.S. Sen. Jeanne Shaheen of New Hampshire broke a bottle of champagne over the bow of the USS Manchester in Mobile, Alabama, on Saturday as part of the christening of the combat ship. The ship is the second one in the U.S. Navy to be named after Manchester, the largest city in New Hampshire.The Democratic senator's initials were welded onto an aluminum plate that was placed in the keel, a beam around which the hull, or body, of a ship is built. Shaheen is considered a permanent member of the ship's crew."American shipbuilders are the best in the world and this ship is another remarkable feat of engineering," she said. "But what is always most impressive to me, is the professionalism and excellence of the sailors and officers who serve on these vessels."She added, "I'm very proud to be counted as a crew member of the USS Manchester and to be included in the Navy family."She also presented officials with a coin from Manchester Mayor Ted Gatsas that will go into the ship's mast stepping box - a time capsule of sorts containing items of significance and good luck to the crew.The ship is an advanced high-speed and agile 419-foot combat ship. It is designed to face threats in shallow waters off coastlines and primarily perform surface warfare, anti-submarine warfare and mine countermeasures.The ship was built at the Austal shipyard in Mobile. It's the fifth built at the shipyard under a 10-ship, $3.5 billion contract awarded to Austral in 2010. Manchester-based Granite State Manufacturing built critical systems and components for the ship.The first USS Manchester, a light cruiser, was commissioned in 1946 and primarily operated in the Pacific. It saw action during the Korean War, serving three combat tours and earning nine battle stars before it was decommissioned in 1956. Source : AP/ fox10tv

India Likely To Get Next Generation Submarines From Germany

Germany has taken a pragmatic step according to the changing geo-political scenario and decided to supply new-generation conventional submarines to India. For the European economic giant, the “business” alliance with the South Asian country is a notable strategic shift, as it shows an awareness of the Angela Merkel government of the growing importance of India in world politics.A couple of days ago, Berlin hinted that it was ready to strike a military deal with New Delhi under which India would receive new-generation submarines with exceptional underwater endurance. In the past, the German government had refused to sign such deals with India. However, India’s emergence as a great power has prompted the Merkel administration to change its policy.According to sources close to the German Defence Ministry, Germany is even ready to manufacture the HDW 214 submarines in India. A senior German official said that India would have to pay around INR 600,000 million (USD 1 = INR 66.5822) for six such vessels. The official, who wished to remain anonymous, said that Berlin recently sent a formal proposal in this regard to the Indian Defence Ministry, giving assurances on fair price, technology transfer and quality.Meanwhile, senior officials of Thyssenkrupp Marine Systems, the German company that manufactures the submarine, have refused to make any comment on the deal. Thyssenkrupp officials said that they were “not in a position” to discuss the issue and two governments would make an official announcement only after finalisation of the deal. They further said that Thyssenkrupp was interested in offering 214 class boats, with “robust transfer of technology, training and meeting offset obligations”, to New Delhi. A company spokesperson told an Indian national daily: “We define this as a ‘no-holds barred’ transfer of technology in line with Narendra Modi government’s ‘Make in India’ push.” Indian officials, too, maintain secrecy of the deal, saying that the product will certainly meet the Indian Navy’s requirements.Indian defence experts believe that Germany has changed its stance mainly because of Russia and France, which are trying hard to boost defence ties with India. To capture the Indian defence market, Berlin has offered new-generation conventional submarines with Air Independent Propulsion (AIP) – a technology that allows non-nuclear submarines to remain underwater for several days at a stretch.The AIP technology helps diesel submarines operate without having to surface or use a snorkel to access atmospheric oxygen, allowing the watercraft to remain submerged for extended periods. Usually, submarines need to surface in order to replenish oxygen needed to burn the fuel. At the same time, the technology helps submarines preserve the advantages of conventional diesel electric power and carry out operations in a stealthy manner by reducing their chances of being detected by anti-submarine ships and aircraft. Source; inserbia.



SHIPYARD NEWS

The pushertug Catharina 4 – (built in 1954 as the A 797 for the port of Strassbourg), now owned by HEBO and

above seen with the Lastdrager 27 - Van der Wees. Loaded with Amels 471 Hull in front of the covered dock in Vlissingen Photo: Wilem Kruit ©

Surge in Shipbuilders’ Debts Attributed To ‘Heavy Tail’ Deals

Debts owed by South Korea’s three major shipbuilders more than doubled over a period of five years ending in 2015 due to disadvantageous contract terms, according to their business reports Sunday. The combined borrowings by Hyundai Heavy Industries Co., Samsung Heavy Industries Co., and Daewoo Shipbuilding & Marine Engineering Co. jumped to 23.9 trillion won (US$20.68 billion) at the end of 2015 from 10 trillion won at end-2010, the data showed. Industry analysts said a sharp increase in the so-called “heavy tail contracts” may have contributed to the surge in the shipbuilders’ debt load. In a heavy tail contract, an overseas customer that places a ship order with a shipbuilder makes a bigger payment at a later stage of shipbuilding. It means the shipbuilder has to invest much of its own capital to build the ship in the initial stages of shipbuilding. “As new orders have nearly dried up this year, it will be hard for shipbuilders to refuse to accept any vessel order even if it is a heavy tail contract,” said an official from a shipbuilder’s creditor bank. Before the financial crisis came in 2008, shipbuilders used to receive four rounds of payments in even amounts over two to three years until a ship was completed and delivered to the customer. But in recent years, shippers have paid more than half of their contract money when the ships they ordered were delivered. Some customers have even canceled or postponed their orders due to financing problems, dealing a bigger blow to shipbuilders.As a result, Daewoo Shipbuilding has come under a creditors-led restructuring. Hyundai Heavy and Samsung Heavy are set to undergo similar debt-rescheduling programs. Early this week, Hyundai is expected to submit its self-help plans, including a reduction of some 3,000 jobs or 10 percent of its total workforce, to its main creditor KEB Hana Bank. Samsung is also likely to present additional restructuring measures to its creditor Korea Development Bank. Source ; koreabizwire

Company to ramp up manufacturing of vessels Sealink International Bhd is looking to build more vessels which have a niche market, according to its chief executive officer/deputy managing director Yong Kiam Sam He said the company sold two landing crafts for some RM34mil to an external customer early this year. Miri-based Sealink, which is a shipbuilder and charterer of offshore support vessels for the oil and gas (O&G) industry, also sold an offshore support vessel to an external client last year. ong said the slowdown of the shipbuilding and related activities had affected most shipbuilders in the country, adding that they also had to face competition from rival shipbuilders and ship repairers in Singapore and China. Besides shipbuilding activities, he said the group would enhance its ship repair activities.“Continuous efforts will be taken towards optimising capacity utilisation of the group’s vessels which currently number 38 units of various makes and tonnages,”

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said Yong in the company’s newly issued 2015 annual report. He said due to an overhang in the supply of offshore supply vessels, charter rates were expected to stagnate or even weaken going forward.“Notwithstanding the challenges faced in the industry, the group is always on the lookout for strategic alliances with business partners, especially those with niche expertise for better market reach.Towards this direction, he said Sealink had, via its wholly-owned subsidiary Era Surplus Sdn Bhd, set up a joint venture company with Cakara Maritime Sdn Bhd, a well established shipping agent for the O&G industry in Malaysia. Sealink owns 70% equity interest in JV firm Seasten Sdn Bhd while Cakara the remaining 30%.Yong said the long term alliance with Cakara was to increase the livelihood of securing long term contracts for the group-owned multipurpose vessel, MV Vanessa 6 He said the downtrend of the O&G industry due to the drop in crude oil prices had resulted in oil majors either shelving or postponing their capital expenditures (capex).“Last year was a year of consolidation for the O&G and related business. This year is not expected to bode well for the industry as recovery in oil prices is not anticipated in the short term. Cost control measures remain the top imperatives for oil majors as well as the supporting sectors.“The top three measures prioritised to impose stricter cost control are tougher decisions on capex, headcount reduction and increasing pressure on the supply chain,” he added.Yong said as a key measure to manage the group’s exposure to the vagaries of business, Sealink had embarked on several initiatives which would be reinforced and carried forward to the next fiscal year. These measures are:

* Sustainable cost rationalisation and optimisation of human resources where only critical positions are filled when the incumbent leaves the group.

Existing personnel are re-deployed within the group to take on additional responsibilities for better efficiencies without impairing the adequacy of existing internal control system; * Closer monitoring of inventory management where stringent controls have been deployed to account for procurement of goods and/or services vis-a-vis existing inventory levels to conserve cash flows and minimise the risk of inventory obsolescence which requires impairment provisions, and;

* Maintaining foreign currency accounts with banks to meet payments denominated in foreign currencies, for example, to retire borrowings which are denominated in US dollars, as an auto-hedge against adverse movements in foreign currency exchange.

Yong anticipates 2016 to be another challenging year where charter rates for vessels would likely be flat or weakened, with shipbuilding activities curtailed since crude oil prices are not expected to be northbound from the current levels in the short term. Source : The Star

Vard may resell vessel if insolvent client terminates contract

Vard Holdings may resell a vessel ordered by troubled Harkand Group, if the latter unlawfully terminates a shipbuilding contract entered between the two parties. The shipbuilding company is currently evaluating its position towards Harkand, which has entered into administration. "If the shipbuilding contract is unlawfully terminated by the customer, Vard will contractually be entitled to retain the advance payments already received, equivalent to 20% of the original contract price, and to resell the vessel," Vard says.Vard says it is building one diving support and construction vessel for Harkand, originally contracted in December 2013 for delivery from Vard Søviknes in 2Q 2016. The vessel is in an advanced stage of construction. Vard says the payments already could facilitate a resale of the vessel.Shares of Vard ended lower at 17.1 cents on Friday. Source : .theedgemarkets

INDONESIA BECOMES EN EXPOTERS OF WARSHIPS

Jakarta, GIVnews.com – The first delivery of a made-in Indonesia Strategic Sealift Vessel (SSV) for the Philippines marks Indonesia’s new eminence as an exporter of warship. State-owned shipbuilder PT PAL Indonesia on Sunday (8/5) dispatched to the Philippines a newly built SSV warship from its shipyard in Surabaya, East Java. It is the first warship ever exported by Indonesia.The Philippine government ordered two of the SSV warships for its ministry of defense. Vice President Jusuf Kalla and other well-placed officials from Indonesian and the Philippines attended the warship delivery ceremony, according to media report.The SSV vessel sent to the Philippines on Sunday was one of the two warships launched by PT PAL shipyard in January of this year. It is not clear, however, whether the second vessel is also meant for the Philippines.PT PAL president director Muhammad Firmansyah Arifin said in Surabaya on Sunday



that his company had won the tender to make the warship for the Philippines. PT PAL and other shipyards from seven countries, including South Korea, had taken part in the tender, he said as reported by Kompas.com.Reportedly, Thailand and Vietnam also ordered warships that are produced by PT PAL.PT PAL manufactures warships and merchant vessels in addition to offering ship repairing and maintenance services. Military and trading vessels produced by the shipyards are already operating in Indonesia. Source : globalindonesianvoices

ROUTE, PORTS & SERVICES

The CMA CGM NEVADA ( 12562TEU) off Vlissingen enroute Antwerp

Photo: Hans van der Linden..... www.facebook.com/AerolinPhoto

Hogere omzet in 2015 voor Havenbedrijf Amsterdam

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Havenbedrijf Amsterdam NV heeft in 2015 een omzet behaald van EUR 147,4 miljoen; een stijging van 3,5% ten opzichte van 2014. Het nettoresultaat over 2015 bedraagt EUR 52,6 miljoen. Deze en meer kerncijfers zijn te lezen in het jaarverslag dat vandaag is gepubliceerd. De belangrijkste inkomsten voor het havenbedrijf komen uit zee- en binnenhavengeld (dat schepen betalen bij een bezoek aan de haven) en verhuur van terreinen. De omzetstijging is grotendeels toe te schrijven aan de licht stijgende overslag van olieproducten en de toename van zee- en riviercruise.Het Amsterdamse havengebied ontwikkelde zich in 2015 verder op bestaande en nieuwe markten. Zo heeft het havenbedrijf een terminal aangekocht en direct verhuurd als nieuwe locatie van ruim 37.000 m2 voor open overslag van agri-producten als soja en mais. Ook vestigde een fashion-gerelateerd bedrijf haar hoofdkantoor in de Minervahaven en verkoos de eigenaar van een 1.400 ton sterk kraanschip Amsterdam tot nieuwe thuishaven voor onderhoudswerkzaamheden. 2015 kende tevens bijzondere mijlpalen: het nautische spektakel SAIL Amsterdam, het gunnen van de bouw van de grootste zeesluis ter wereld in IJmuiden en het behalen van concrete resultaten op het gebied van leefbaarheidsprojecten.

Scheepvaart in 2015 Het aantal zeeschepen dat de havenregio (Velsen, Beverwijk, Zaandam en Amsterdam) bezocht in 2015 bedroeg 7.162 tegen 7.486 in 2014. De cruisemarkt deed het goed. De Amsterdamse havenregio werd in 2015 bezocht door 182 zeecruiseschepen en 1.769 riviercruiseschepen. Dit zijn er respectievelijk 13 en 84 meer dan in 2014. De inkomsten voor stad en regio uit cruise bedraagt circa 90 miljoen euro per jaar. Daar zitten onder meer overnachtingen van de gasten voor- of na afloop van hun cruisetrip, horeca-uitgaven en bestedingen in de retail. De overslag heeft in 2015 voor het eerst sinds jaren een daling laten zien en kwam voor alle havens in de havenregio uit op 96,5 miljoen ton (-1,3% ten opzichte van 2014). De overslag in de Amsterdamse haven daalde met 1,6% tot 78,4 miljoen ton (2014: 79,8 miljoen ton). De daling in Amsterdam is met name veroorzaakt door een lagere overslag in droge bulk.

2015: Van Visie naar strategie Het havenbedrijf is, zoals beschreven in Visie2030, een plek waar ruimte is om (duurzaam) te ondernemen. In ons jaarverslag 2015 komen diverse projecten aan bod die afgelopen jaar hebben bijgedragen aan de concretisering van deze visie. “Van visie naar strategie, roadmap voor de Amsterdam Metropolitan Port” is dan ook het thema van dit jaarverslag. Dertje Meijer, President-directeur Havenbedrijf Amsterdam: ‘Wij richten ons op een toekomst die er fundamenteel anders uitziet dan de werkelijkheid van vandaag. Wij zijn ervan overtuigd dat de toegang die een haven moet bieden (tot de stad, de mensen en de wereld) altijd beter kan: sneller, slimmer en ook schoner. Door al onze afwegingen, keuzes en projecten hieraan te toetsen, bouwen we aan de metropoolhaven die in 2030 de haven, stad en regio aan elkaar verbindt. Zo blijven wij een belangrijke motor van de economie in de metropoolregio Amsterdam.’ Dividend 2015 Conform de bestaande afspraken stelt Havenbedrijf Amsterdam aan de gemeente Amsterdam (100%) voor om over 2015 € 50 miljoen dividend uit te keren. Dit is gelijk aan 2014. Verwachtingen 2016 De voorbereidingen voor de nieuwe grote zeesluis van IJmuiden zijn in volle gang, deze zomer start de daadwerkelijke bouw. De nieuwe zeesluis geeft een belangrijke impuls aan de bereikbaarheid van de havenregio en creëert de mogelijkheden voor verdere groei. Een andere ontwikkeling die effect heeft op de financiële resultaten is dat Nederlandse havenbedrijven vanaf 1 januari 2017 vennootschapsbelasting moeten gaan betalen. Gevolgen hiervan worden intensief besproken met andere havenbedrijven, het Ministerie en de gemeente Amsterdam.

Het jaarverslag 2015 is te vinden en te downloaden op www.jaarverslag2015.portofamsterdam.com . De Amsterdamse haven is de vierde haven van West-Europa en groot in de overslag en verwerking van energieproducten. Het Noordzeekanaalgebied sloeg in 2015 97 miljoen ton goederen over waarvan ruim 78 miljoen ton in de haven van Amsterdam. In de havenregio werken in totaal 68.000 mensen bij bedrijven in de haven of haven gerelateerde bedrijven. Daarvan werken zo’n 34.000 mensen in Amsterdam. Havenbedrijf Amsterdam NV heeft de ambitie om op een duurzame en innovatieve manier waarde toe te voegen voor klanten en omgeving. Het havenbedrijf stimuleert groei bij bedrijven, waarbij zorgvuldig met beschikbare ruimte en kwaliteit van water, bodem en lucht wordt omgegaan. Als Port of partnerships werkt het Havenbedrijf Amsterdam intensief samen met partners in het bedrijfsleven, stad en regio. Voor meer informatie www.portofamsterdam.nl en onze apps die zijn te downloaden op: https://play.google.com/store/apps/details?id=nl.labela.poa, voor Android, de app voor IOS staat: https://itunes.apple.com/nl/app/port-data/id839599951?mt=8 en de app voor windows is te downloaden: http://www.windowsphone.com/nl-nl/store/app/port-data/6365b557-1147-40c3-acf6-37b07100ca21

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Ship that took historic cruise to Cuba returns to Miami

The first cruise ship to travel from the United States to Cuba in decades has returned to Miami. Carnival Cruise Line spokesman Roger Frizzell says the ADONIA returned to Miami on Sunday, a week after it departed. The ship had 700 passengers and almost 375 crew members. The ship included 16 people who had been born in Cuba.The Cuban government dropped a longstanding ban on Cuban-born people returning to their homeland by sea before the start of the trip Before the 1959 Cuban revolution, cruise ships regularly traveled from the U.S. to Cuba. But Cold War tensions shut down travel between the two nations.Now, both sides hope the cruise is the first step toward a future in which thousands of ships a year could cross the Florida Straits.

Click HERE for the LIVE STREAM WEBCAM in Hoek van Holland Berghaven

…. PHOTO OF THE DAY …..

Highlight of the festvities during the 827. Port Birthday Party in Hamburg was the Christening of "AIDAPRIMA" The newbuiling met her company-sister "AIDALUNA". Photo: Frank Behling


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