Monday, November 23, 2015

IMO Recognizes Courageous Acts at Sea -By MarEx 2015-11-20 15:22:22

 

On Thursday, the IMO honored seafarers for their impressive and courageous acts in challenging conditions at sea. 

The main award (the Bravery Award) was presented to Aviation Survival Technician Christopher Leon (from the U.S.) for his professional and courageous acts in a demanding operation, saving four competition rowers in distress at sea with their boat in a hurricane.

Three rowers, along with Colin Parker from New Zealand, had been taking part in part in the Great Pacific Race in June 2014 when their four-man boat Britannia 4 began sinking in severe conditions. The race support vessel had been unable to reach the stricken rowing boat and its crew due to 30 knot winds and 15 to 20-foot waves. The rowers owe their lives to the efforts of rescue swimmer Leon, who had been lowered to the sea to assist them, and to the successful hoists performed by the helicopter crew in conditions compounded by darkness, lack of visual cues and horizon and breaking waves.

Speaking at the ceremony, Leon said he was pleased to meet the rescuees for the first time since the fateful night, and in entirely different circumstances. He said he was honored and humbled to be receiving the award and thanked his fellow crew members who had flown the helicopter through gale force winds to winch Leon down to the rowers in the stormy seas below and who had performed a series of demanding recovery hoists to initially rescue three of the men.

When fuel levels on the helicopter became dangerously low and it had to leave the scene to refuel, Leon remained with the fourth man, Hart, huddled in the tiny bow portion of the swamped vessel that remained above water. The two men protected each other from the breaking waves and freezing temperatures. Finally, the helicopter was able to return through the stormy night and hoist the two men to safety.

“I would especially like to thank the crew of the helicopter, Lieutenant Scott Black, Lieutenant Jesse C Keyser and flight mechanic Michael Spraggins, because nothing I do can be done without them; and everything we do is a team effort – especially for this case,” Leon said.

 

…read more at http://maritime-executive.com/article/imo-recognizes-courageous-acts-at-sea

Letters of Commendation 

• Captain Lai Zhixing, Master of the rescue vessel Nan Hai Jiu 111, Nanhai Rescue Bureau, nominated by China, for a rescue during Typhoon Kalmaegi.

• The crew of the Xinfa Hai, nominated by China, for saving the cargo vessel Thor Commander near the Great Barrier Reef.

• Petty Officer William Hubert and two crew members of the helicopter Rescue Tango, Detachment of 35F flotilla at Tahiti-Faa’a, French Navy, nominated by France for rescuing 10 crew members of a fishing boat.

 

Monday, November 9, 2015

SHIPPERS  REQUIREMENT TO DECLARE CONTAINER WEIGHT ACCURATELY

The International Maritime Organization's (IMO) Maritime Safety Committee (MSC), which met at the Organization's London headquarters for its 94th session, from 17-21 November 2014, approved draft SOLAS amendments which included addressing the continuing industry concern over the (mis-)declaration of weights for containers consigned for shipment.

The amendments to SOLAS Chapter VI state that authorities will "require mandatory verification of the gross mass of containers, either by weighing the packed container; or weighing all packages and cargo items, using a certified method approved by the competent authority of the State in which packing of the container was completed."

Under these regulations the "correct weight", or "verified weight", shall be determined in one of two ways:

1.    By weighing the loaded container at an approved weighing station; or

2.    By ensuring that all the individual items in the container are weighed and added to the container's weight.

The shipper will be responsible for verification of the weight of a container carrying cargo. The shipper is also responsible for ensuring that the verified weight is communicated in the shipping documents sufficiently in advance to be used by the ship's master or his representative and the terminal representative in the preparation of the ship stowage plan. In the absence of the shipper providing the verified weight of the packed container, it should be considered that the container should not be loaded on to the ship unless the master or his representative and the terminal representative have obtained the verified weight through other means.

The SOLAS requirements are expected to enter into force in July 2016 (see MSC.1/Circ.1475 republished alongside this note).

 

Friday, November 6, 2015

Bulk Carrier Perspective- Clarksons

BULK MARKETS

Market

Unit

2014

2015

5 Yr Min

5 Yr Max

Capesize 1 yr

$/Day

22,366

16,636

8,850

33,000

Panamax 1 yr

$/Day

12,035

11,235

6,250

22,625

Capesize NB

$ Million

54

51

46

58

Panamax NB

$ Million

29

28.6

25.8

34.5

Ultramax NB

$ Million

27

26.7

24.3

31

Capesize 5 yr old

$ Million

39

39.4

31

55.5

Panamax 5 yr old

$ Million

20

23.9

16.5

39.5

Dry Bulk Trade

Million Tonnes

4,550

4,279

3,841

4,569

 

Soft trade figures and  an oversupply of tonnage continue to make for a poor market.

 

 

 

 

Tuesday, June 16, 2015

Ferrous Scrap Imports to India consistent in May

 

India maintains consistency on scrap imports; quantity reported above 500,000 MT in May.

Scrap imports to India in May’15 summed up to around 522,000 MT, which was around 516,000 MT in Apr’15; records an increase of 1%.

SteelMint assessed that the consistency in scrap import was due to continued bulk booking of mixed scrap (HMS & shredded) at lower offers during Mar-Apr’15.

Offers during those months for imported scrap (HMS 80:20/1&2) were at USD 270-275/MT, CFR India, which further raised to USD 280-285/MT by May. Currently, offers for HMS dropped to USD 260/MT & 270/MT from Middle East & Europe respectively.

US continued to be the highest exporter to India this May, followed by South Africa and UK. Similarly, Chennai remained the highest scrap importing port, followed by Ludhiana ICD and JNPT.

Few major bookings of shredded & HMS were recorded in ports like Chennai, Kandla, JNPT and Ludhiana from countries like UK, US, UAE and South Africa. The deals for these shipments were recorded at USD 275-285/MT, CFR India.

 

Friday, May 8, 2015

Gas Projects Australia.

NW Shelf gas projects are thought to be some of the more sensitive globally to the change in the oil price since mid-2014. Greater Gorgon's breakeven is relatively low for the area, but still stands at $67/boe. Projects further from shore are thought to have higher breakevens, in the $80-100/boe range. No Australian project more than 250km from shore has passed FID, though 50% of those yet to reach EPC exceed this distance, casting doubts on their viability. Since the fall in the oil price, Scarborough's FID has been postponed to 2017/18; start-up before 2023 is considered unlikely. Other projects facing fresh feasibility concerns include Equus, Browse, Greater Sunrise, Crux and Cash Maple. Indeed, the average slippage for such projects already stands at 40 months. Many may not now come onstream before 2023 and a paucity of start-ups is anticipated in the mid-term, 2018-22, due to delayed plans

Saturday, February 21, 2015

Danish Shipping Report :


"THE SHIPPING INDUSTRY IS FACING GREAT CHALLENGES
AHEAD. ON THE DEMAND SIDE THERE ARE A NUMBER OF SIGNS
INDICATING THAT GLOBALISATION COULD BE NEAR A PEAK. THE
GLOBAL GROWTH SLOWDOWN DOES NOT SEEM TO BE TEMPORAL
BUT STRUCTURAL. IN TIME, THE IMPACT ON SEABORNE
DEMAND VOLUMES AND TRAVEL DISTANCES IS EXPECTED TO BE
PROFOUND. SEVERAL OF THE MAJOR SHIPPING SEGMENTS
COULD SUFFER FROM OVERCAPACITY FOR A LONG TIME. PREMATURE
SCRAPPING IS EXPECTED TO BECOME THE NEW NORM,
AND FREIGHT RATES AND SECONDHAND PRICES MAY STAY LOW
FOR SOME YEARS. INVESTORS PLAYING A SHORT-TERM ASSET
GAME MAY FIND IT DIFFICULT TO EXIT WITH THE EXPECTED
PROFITS."

Some Extracts from the report