DAILY COLLECTION OF MAR ITIME PRESS CLIPPINGS 2014 ...newsletter.maasmondmaritime.com/pdf/2014/348-14-12-2014b.pdf2014/12/14 · CIBA, Huntsman, Natural Fuel, Nexsol and Tate & Lyle

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2014 – 348

Distribution : daily to 31750+ active addresses 14-12-2014 Page 1

Number 348 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Sunday 14-12-2014

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

Inspection of the tow and towing gears onboard the P-76 by the crew of the TERASEA FALCON south of Madagascar The POSH TERASEA tugs TERASEA FALCON and SALVANGUARD are enroute from Dalian to Rio, note the workboat alongside the P-76 Photo : Capt. Neil Johnston – Master TERASEA FALCON ©

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EVENTS, INCIDENTS & OPERATIONS

A early morning shot, in dull light of the first trip into the Port Chalmers container terminal of the HS BEETHOVEN –

Photo : Ross Walker ©

Cosco takes Capital newbuilds at juicy rate Sources say the rate is ‘close to $40,000 per day’ for two 9,000-teu units at Hyundai Samho

Capital Ship Management appears to have pulled off another profitable fixture for a pair of 9,000-teu newbuildings due for delivery next year.The company is believed to have chartered the Aisopos and Andronikos, both under construction at Hyundai Samho Heavy Industries, to Cosco for five years at what industry sources say is “close to” $40,000 per day.Jens Storm, head of Capital’s containership operation, says it is premature to discuss any fixtures.A year ago, Capital tied up another three 9,160-teu newbuildings — the Akadimos, Adonis and Anaxagoras — on five-year charters to CMA CGM at a net rate of around $39,600 per day.Those vessels — renamed CMA CGM Amazon, CMA CGM Uruguay and CMA CGM Magdalena — are under construction at Daewoo-Mangalia Heavy Industries and are all due for delivery next year.

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These fixtures will leave Capital with a further three 9,000-teu boxship newbuildings open, one at Daewoo-Managalia and two more at Hyundai Samho, all for 2016 deliveries.The rates that the Evangelos Marinakis-controlled company has achieved compare very favourably with the charters that New York-listed owner Seaspan Corp was said to have tied up for four of its 10,000-teu SAVER-design vessels. The company was reported in September to have fixed the ships at a rate of around $35,000 per day for five years.

Seaspan chief executive Gerry Wang at the time said the charter rate was incorrect. Market sources pegged the rate at around $36,000 per day.However, the company’s website shows only two of the 10,000-teu newbuildings chartered to Maersk for five years, plus two one-year options. One of the ships, being built at China’s Yangzijiang Shipbuilding (Holdings), is for delivery next year and one in 2016. Source : Tradewinds

The SMIT SCHELDE assisting the STENA HOLLANDICA at departure from the Stena terminal in Hoek van Holland

during a windy afternoon – Photo : Kees Torn ©

Dramatic footage shows lifeboat braving stormy seas to rescue fishing vessel

A video has emerged of the rescue of a fishing vessel which was stranded in high seas off Orkney. It shows the Stromness Lifeboat being faced by a massive wall of waves as it head further and further out. The boat is seen rolling from side to side as it tries to cope with the huge swell. Eventually the stricken O Genita appears in view. The Spanish-crewed boat was left without use of its electronic equipment after being struck by a huge wave 20 miles north-west of Orkney. The Sumburgh Coastguard helicopter can also be seen hovering above the stormy seas.The lifeboat escorted the fishing boat back to Westray and the final shots of the film show the O Genita coming into moor at Pierowall. Source : pressandjournal

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The BBC RHINE “riding high” along the Dutch coast Photo : FLYING FOCUS luchtfotografie - www.flyingfocus.nl ©

Asia Tankers-VLCC rates to stay firm after Mideast climbs to near 5-yr high

By Keith Wallis Rates for very large crude carriers (VLCCs) on key Asian routes are likely to hold firm next week but are unlikely to continue the surge seen earlier this week, brokers said.Freight rates from the Middle East to Japan soared to their highest level since Feb. 2011, buoyed by a raft of fixtures by Shell, brokers and Reuters chartering data showed.Average VLCC earnings on the Middle East-Japan route this year are at the highest level since 2010, said Ralph Leszczynski, head of research at Italian shipbroker Banchero Costa. "Average earnings on the Middle East-Asia route so far in 2014 are $22,000 per day, against $32,000 per day in 2010. But this is still way better than the last three years," he told Reuters on Friday "I expect the VLCC market to stay pretty firm for fixtures in the first 10 days of next month. I see rates holding the line around 68-73 on the Worldscale measure," a Singapore-based VLCC broker said on Friday. Rates soared after Shell fixed three VLCC Middle East cargoes at around W73, equivalent to $81,500 per day, and around nine points higher than the prevailing charter rate for the route. "Rates have edged up

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considerably and we are now seeing this year's final cargoes in the Middle East being concluded and rates could possibly add further," said Norwegian ship broker Fearnley in a weekly note on Wednesday.

21-11-2014 : The 2000 built 309.498 DWT 334 mtr long MEANDROS discharging at Jurong Island in Singapore before heading for Halul Island (Qatar) and Juaymah (Saudie Arabia) and returning in Singapore ETA December 23rd Photo : Piet Sinke © CLICK on the photo or Hyperlink in text !

Rates from West Africa to China climbed, helped by fixtures from Unipec and Shell, Reuters chartering data showed.At least one charterer resisted owners' attempts to push the market significantly higher with Taiwan's Chinese Petroleum Corp (CPC) rejecting offers of W80 for a VLCC charter from the Middle East to Taiwan this week, the broker said. Around 125 VLCC charters from the Middle East to Asia had been concluded for December loading. But charterers could hold back January cargoes to take some heat out of the market, the broker added.VLCC rates for the benchmark route from the Middle East to Japan climbed to W73 on Thursday compared with W60 a week earlier. Rates for West Africa to China rose to W66 on Thursday, against W59 last week, the highest since January. In other trades, rates for 80,000-tonne Aframax tankers from Southeast Asia to East Coast Australia dropped to around W111 on Thursday, from W114 last Thursday, continuing a steady fall that stated on Nov. 25.Clean tanker rates from Singapore to Japan slipped to W119 on Thursday, down from W119.50 a week earlier. "The market is fairly okay. Rates are steady," said a Singapore-based clean tanker broker on Friday. Source : Reuters (Reporting By Keith Wallis; Editing by Anupama Dwivedi)

OAO Sovcomflot changes full brand name to PAO Sovcomflot

OAO "Sovcomflot" has changed the business entity type and its brand name effective December 10, 2014. Now its full corporate name is PAO “Sovcomflot” (Public Joint Stock Company "Modern Commercial Fleet"), abbreviated PAO "SCF", the company said in a press release. PAO "Sovcomflot" is part of Sovcomflot Group, created in 1995, the biggest shipping company in Russia, ranks the fifth top tanker company in the world. The Group specializes in global

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transportation of crude oil, petroleum products and other energy sources. The Group's fleet comprises 152 vessels of total deadweight of 12.64 million tonnes, the average age of the tanker fleet is 8.2 years. SCF’s newbuilds order book includes 10 (0.42 million DWT). The Group has offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid and Singapore. Source : Portnews

TANKERS MOORED AT JURONG ISLAND

Above seen the 2008 Built 243 mtr long and 42 mtr width 115,146 DWT SENTOSA RIVER

Jurong Island is at the heart of Singapore’s energy and chemicals industry. It is home to almost 100 leading global petroleum, petrochemicals and specialty chemicals companies. Jurong Island boasts of a rich history formed from the amalgamation of seven small islands into a world-class chemicals hub.

R ight : the 2003 built 318.809 DWT MARAN TRITON with a length off 333mtr and beam of 60 mtr discharging her cargo at Jurong island

With its dedicated "plug and play" infrastructure, Jurong Island enables companies to enjoy cost savings through shared third-party utilities and services, and at the same time build synergy

through product integration. The Island is getting ready for the future with the Jurong Island Version 2.0 (JIv2.0) initiative.

Left : the 2008 built 228 mtr long 76568 DWT oil products tanker BW THAMES

Being the centrepiece of Singapore’s global positioning as an integrated chemicals hub, the Island hosts many world-class chemical

companies, amounting to about $47 billion in investments. As Singapore gears itself for the increasing global competition, JIv2.0 is set to transform Singapore’s petrochemicals hub with future-ready solutions.






This initiative adopts a “whole-of-government” effort to enhance Jurong Island’s competitiveness as well as sustainability by strengthening robustness of the current system, achieving a higher level of resource optimisation, and developing industrial optionality. Right the 2011 built 183 mtr long 45549 DWT oil/chemical tanker NCC HUDA

JIv2.0 encompasses a thorough review of five core areas, namely energy, logistics and transportation, feedstock options, environment and water.

Companies on Jurong Island currently enjoy a web of mutually-beneficial partnerships in a “plug and play” environment. With JIv2.0 in place, they can look forward to innovative system level solutions that will create further value for them. Left : the 2001 built 37.059 DWT 176 mtr long STOLT PERSEVERANCE

Jurong Island is selected by a number of big industry players as their operations base. Companies who have set up operations in Jurong Island include BASF,

Celanese, Exxonmobil, Dupont, Mitsui Chemicals, Chevron Texaco, Shell and Sumitomo Chemical. New additions like CIBA, Huntsman, Natural Fuel, Nexsol and Tate & Lyle have also set up manufacturing facilities on Jurong Island.

The 2007 built 333 mtr long 309.000 DWT MARAN CANPOUS arrived from Das Island at Jurong for discharging

All above photo’s : Piet Sinke © – CLICK on the photo view and/or download the Hi-Rez version !




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ABB TO DELIVER CUTTING-EDGE SOLUTION FOR 5000 TON HEAVY LIFT / PIPELAY VESSEL

ABB, a global leader in power and automation technology, will deliver a cutting-edge solution which includes electrical propulsion, power, safety and automation systems. These systems will be integrated and run on a single control system platform for a 5000T heavy-lift pipelay construction vessel. By integrating power and automation on the vessel,

overall efficiency, safety and reliability will be increased. This is the first time ABB deliver power and propulsion system fully integrated with the 800xA automation solution for this type of vessel. The state-of-the-art vessel, will be built by Wuchang Shipbuilding Industry Group Co., Ltd (WSIC).ABB’s integrated marine solutions combine advanced power and automation technologies to meet the stringent demands of today’s shipyards and vessel owners. ABB’s engineers together with marine and vessel experts develop innovative solutions that respond to the industry’s greatest challenges.

This type of vessel is used in ultra-deep waters and requires highest levels of accuracy, precision and availability. Hence, the owner and operators required more integration and easier interface for multi- system control. The ABB response will combine Azipod electric propulsion and electrical & automation systems to be integrated and controlled by ABB’s flagship System 800xA distributed control system (DCS) platform. Additionally, ABB’s advanced power system is capable of achieving the requirements needed to run the solution with closed bus in DP3 operations. “Modern ships feature an increasing number of advanced systems, such as power, automation, advisory and safety. When all these systems are integrated, the advantages are significant: reduced investment costs, optimized maintenance, improved power control and equipment availability. The selection of ABB’s integrated solution for a demanding project like this is a strong endorsement of our offering,” says Heikki Soljama, head of ABB’s business unit Marine and Cranes.

The vessel will be delivered in Q1 2018, and is designed for pipelaying, heavy lifting and subsea construction operations and extends expertise into the deepwater market. Deepwater operations require uncompromised reliability and by integrating electric power, propulsion, onboard processes and asset and performance management systems, the overall vessel effectiveness, availability and safety are increased. WSIC, subordinated to China Shipbuilding Industry Corporation (CSIC) and founded in 1934, is a large-scale modernized & integrated enterprise committed to shipbuilding and offshore, as well as an important military product manufacturing base in China. WSIC occupies a total area of 3,000,000m2 and possesses 15 sub-companies, 1 joint venture company, 2 public institutions and 4 manufacturing departments with total assets of about CNY 10 billion. Its products cover a wide range of fields like military products, special high-performance ships, bridge steel structures, energy equipment, heavy duty equipment, offshore and large vessels, etc.

Till now, WSIC has successfully built and delivered more than 1,000 sets of various types of ships to domestic & overseas customers. In recent decades, WS has dedicated itself to building special high-performance vessels and delivered more than thirty vessels of anchor handling/tug/supply vessel, platform supply vessel, standby ship, deep diving support vessel and offshore research and exploration vessel, etc. Meanwhile, it has also extended its business to offshore and set up a 100% subsidiary - Qingdao Wuchuan Industry Co., Ltd (QWHI) in Qingdao Haixi Bay dedicating to offshore products and large vessels. By importing the advanced project management mode from Singapore, QWHI has successfully delivered BSR Buoys & Foundations Project for Petrobras and won high praise from the client. Besides, some other offshore projects, i.e. CJ-46 Jack-up, K4000 Offshore Service Barge Conversion Project, and the said DCV 5000 DP3 Deepwater Pipelay Heavylift Construction Vessel, are under construction.

WSIC always abides by the conduct standard of “Anytime, anywhere, beneficial to our clients; every word, every action, responsible for the enterprise” to reward the society and every customer with its excellent products, advanced technology and considerate service.



POSH TERASEA’s SALVANGUARD towing on SB wing beside the TERASEA FALCON the Petrobras P-76 From Dalian (China) to Rio de Janeiro – Photo : Capt. Neil Johnston – Master TERASEA FALCON ©

the Crew of the MPR 3 is wishing all readers a Merry Christmas and a prosperous new year

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The crew of Heerema’s KOLGA wishing all readers Merry Christmas and a happy New year

Pacific Basin Sells Harbour Towage Business to Smit Lamnalco

Pacific Basin Shipping Limited one of the world's leading dry bulk shipping companies, and Smit Lamnalco, a leading provider of international terminal towage and marine services to the oil and gas industry, announced the sale to Smit Lamnalco of:

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Pacific Basin's entire shareholding in PB Towage Australia ("PBTA") (including all its harbour towage operations and 16 harbour tugs); and two additional assests (one harbour tug and one barge) currently owned by other PB companies. The transaction is expected to complete in January 2015 and will constitute the sale of Pacific Basin's entire harbour towage assets and activities.

Mats Berglund, CEO of Pacific Basin, said:

"Pacific Basin has been engaged in the harbour towage business since 2007. PB Towage Australia has done a great job for its customers, establishing itself as a leading provider of harbour towage services with a good reputation as a safe and quality-conscious operator. As we have previously stated, however, our strategy is to enhance our focus on our cornerstone dry bulk business.We are happy that, through this agreement with Smit Lamnalco, we are making good progress on our strategy while ensuring the PBTA business and its excellent team can continue to operate as a going concern under the ownership of a highly reputable towage group." Tony Cousins, Managing Director of PB Towage Australia, added:

"This is a very welcome development for all employees and clients of PB Towage Australia. Acknowledging the excellent role Pacific Basin has played in establishing a quality harbour operation over the last seven years, Smit Lamnalco now brings the specialist towage capability and coverage necessary to compete on an international scale. We look forward to continuing to develop and grow our Australian business to provide a stable, long term and sustainable towage option to the Australian ports and shipping community."

Smit Lamnalco CEO Daan Koornneef concludes:

"We are excited by the acquisition of PB Towage Australia, the second largest player in the country, which will enable the expansion of our footprint into Australia. Smit Lamnalco will be active in eight ports in Australia with a total of 29 vessels offering a combination of harbour towage, terminal and FPSO-related services. PBTA and Smit Lamnalco share the same safety, quality and customer-focused values which will ensure a good fit and smooth transition. We look forward to welcoming to our group PBTA's team of experienced staff and crew, and to offering continued excellent service to PBTA's customers - current and new."

DEME Graveldredger VICTOR HORTA (99.9x20.8 mr) seen discharging at the DEME Building Materials terminal

(DBM) in Vlissingen Oost. Photo: Hans van der Linden www.aerolin.nl @AerolinPhoto BV ©

Mexico readies for offshore licensing round

The first package of licenses for work in the shallow waters off the coast of Mexico is coming as the government weighs the market for crude, an official said Mexico is holding a licensing round for shallow water acreage in its

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territorial waters in the Gulf of Mexico. An official in the oil sector told Argus energy news media the round was timed with slumping oil prices in mind. "The portfolio of blocks and timing of the tender are being adjusted to take the oil price decline into account," the official said Wednesday.

The government is auctioning off rights to 14 tracts covering an estimated 2,600 square miles with reserve estimates of around 686 million barrels of oil equivalent, with most of that existing as light crude oil. The blocks lie in shallow waters of only a few hundred feet and the government estimates average production costs of around $20 per barrel.

John Padilla, managing director for oil consultancy IPD Latin America, told the Wall Street Journal last week the government was downplaying its expectations despite low production costs."They're saying that it's all about oil prices, but it's also about recognizing that the amount of work involved in launching a bid round is tremendous and that could have factored into this as well," he said.Mexican President Enrique Peña Nieto set a goal of producing 3.5 million barrels of oil per day by 2025, which would be a 40 percent increase from 2013 levels.

The president has opened Mexico up to private investors after more than 70 years under a monopoly controlled by state-run Petroleos Mexicanos, or Pemex.The Energy Information Administration, the statistical arm of the U.S. Energy Department, said those reforms are expected to translate into production gains for Mexico. Source : UPI

Ronald, Monica, Jarno en Renske Ribbe

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The crew of the KNRM BRESKENS lifeboat wenst iedereen fijne feestdagen en een gezond en veilig 2015 www.flyingfocus.nl

Ship crane maker Wuhan may drop supplier over Canadian probe

By Allison Martell and Keith Wallis

Major Chinese ship crane manufacturer Wuhan Marine Machinery Plant Co Ltd said it has temporarily stopped using a component that Canada's transport watchdog warned may be defective after a crane collapsed in Quebec in August, injuring a dock worker.Wuhan Marine, a subsidiary of state-owned China Shipbuilding Industry Corp and one of the world's largest manufacturers of ship cranes, said it is not currently using slewing rings supplied by Dalian Metallurgical Bearing.Dalian made the part at the centre of an ongoing investigation by the Transportation Safety Board of Canada

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(TSB). The Canadian safety watchdog is testing the ring, focusing on whether the crane collapsed due to manufacturing issues with the ring. "Our company has temporarily stopped using bearings and slewing ring assemblies supplied by Dalian Metallurgical Bearing," said Wuhan spokesman Liu Yong in an email. "Whether our company continues to use products supplied by Dalian Metallurgical Bearing depends on the result of the investigation into the crane collapse," he said.Dalian Metallurgical Bearing did not respond to requests for comment by Reuters. The TSB took the unusual step of warning vessel owners about Wuhan's ship cranes before its investigation was finished because the cranes are widely used, and investigators believe hundreds more could contain the same part. Neither Wuhan nor the TSB are aware of any other similar incidents.The crane was made under license for Japan's IHI Corp. IHI spokesman Kazuteru Osada said in an email that the company is aware of the crane collapse, but had not been contacted by the TSB so far. Osada said IHI had no idea why the crane collapsed "since the crane was not made by us". Source : Reuters (Writing by Allison Martell; Editing by Miral Fahmy)

LARGEST VESSEL EVER PASSED BERENDRECHT LOCK

Earlier this week the brandnew 399 mtr long and 54 mtr width MSC NEW YORK made a visit to Antwerp and had to pass the Berendrecht lock enroute the MSC home terminal. The Berendrecht Lock is with the length of 500 meter and width of 68 mtr the world's largest lock, giving access to the rightbank docks of the Port of Antwerp in Belgium.

Photo left : Paul Struyf ©

Post World War II, work started on the Grote Doorsteek, an ambitious plan which ultimately resulted in the extension of the Antwerp docks on the right

bank of the Scheldt to the Netherlands border. In 1967, the company completed the construction of the Zandvliet Lock (Zandvlietsluis), then the world's largest lock at with dimensions Length: 500 metres and Width: 57 metres and Operational Depth (TAW): 13.58 metres Sill depth at mean high water: 17.75 metres but in 1989, needing to

accommodate wider Post-Panamax ship, the company built a new lock just to the south of the Zandvliet lock. The Berendrecht Lock, which at 68 metres , is 11 metres wider. Bascule bridges at the ends of each lock, (Zandvliet and Frederik-Hendrik bridges across the Zandlievet lock; and Oudendijk and Berendrecht bridges across the Berendrecht lock), allow full road traffic access around the port. The two locks now work as a doubled lock system. Photo left : Dirk Vande Velde © Completion of the Berendrecht Lock allowed the extended development of the left bank docks complex, and later the

creation of fast turnround tidal berths, both on the right bank (Europa Terminal and the North Sea Terminal), and on



the left bank (Deurganck Dock) In November 2011, work started on what will become the world's new largest lock on the left bank of the Scheldt. Based on the design of the Berendrecht Lock and scheduled to be completed in 2016, it has the same basic dimensions of the Berendrecht, but with an operational depth (TAW) of 17.8 metres (58 ft), which will make it the world's largest lock. The new lock will be at the end of the Deurganck dock, to provide the Leftbank docks access to the sea between the Scheldt and the Waasland Canal. To construct the lock, 9.1 million m³ of earth will be excavated, and 22,000 tonnes of structural steel, three times the amount required to build the Eiffel Tower. Costing €340 million, of which 50% will be financed by the European Investment Bank, the Flemish KBC Bank is also making available a €81 million credit line, with the balance provided by the Antwerp Port Authority and the Flemish Government. The 184.100 DWT MSC NEW YORK discharged 3400 containers and loaded 3900 containers whilst in port.

Photo : Dirk Vande Velde ©

The MSC Home Terminal is situated at the Delwaide dock. This dock was constructed from 1974 till 1981 and is named after a former mayor of Antwerp Leo Delwaide (1897-1978). The dock has a length of 2200 m long en is 300 wide at the landside and 350 m wide at the canal side with a max draft of 16,7 m (effective 15,6 m). The north side of the dock consists of a charcoal terminal, DPW Container terminal and the first 400 m of the MSC Home Terminal. (which was added to the existing part in July 2008.) The south part is completely dedicated to MSC. With a total quay length of 2,9 km, MSC Home terminal is the biggest container terminal in the port of Antwerp. MSC started a joint venture with PSA in 2004 and in July 2004 MSC Home Terminal was a fact. Antwerp is Europe’s second largest port and the fourth largest in the world. In 2008 the Port of Antwerp handled over 189.389. tons of maritime goods. Every year, 15,000 ocean-going vessels and over 64,000 inland crafts call at the port. More than 140,000 people make a living directly or indirectly from the Port of Antwerp. The Port of Antwerp is an indispensable link in the European Union import/export chain and a hub for a great many trading activities worldwide. Container traffic is experiencing explosive growth of ten to fifteen per cent a year. Containers account for more than forty per cent of maritime traffic at the Port of Antwerp.

The central artery for the port of Antwerp is the River Scheldt. It runs from South to North between the geometrical outlines of the docks on the Left and Right Banks. On both sides of the river houses all kind of industries. From Petrochemical factories, container terminals to warehouses and breakbulk/steel terminals. The Locks Antwerp has a total of 7 locks for access to both right and left bank. MSC vessels are entering the dock through the Zandvliet and/or Berendrecht lock. In period of congestion the Boudewijn locks offers a solution for the smaller vessels.

CHRIS BROOKS wishing all readers Merry Christmas and a Happy New Year www.shipfoto.co.uk

CLICK ON THE CARDS! Theodor Strauss wishes all readers a Merry X-Mas and a smooth sailing through 2015

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Both Stolt-Nielsen and Odfjell have lost their leaders this week.

The 1992 built 40.159 DWT oil / chemical tanker STOLT HILL seen arriving at Jurong Island in Singapore

Photo : Piet Sinke © – CLICK on the photo ! Stolt-Nielsen (SNL) has announced that founder Jacob Stolt-Nielsen is to retire from the SNL board on 15th December, 2014, some 55 years after he founded the company. The 83-year old is to continue as Honorary Chairman. Stolt-Nielsen conceived the designs that led to the creation of the first parcel tanker. After founding Parcel Tankers in 1959, he pioneered the global trade for liquid chemicals, building the world's largest chemical tanker company, Stolt Tankers. In 1971, he acquired the first bulk liquid storage terminal, thus paving the way for what is today Stolthaven Terminals. In 1972, he founded Stolt Sea Farm and in 1973, he created Stolt-Nielsen Seaway to provide diving services to the offshore oil and gas industry in the North Sea, an operation that later evolved into Stolt Offshore, a billion dollar company. In 1979, he founded Stolt Tank Containers, building one of the world's largest tank container operators and the only operator with its own global depot network. He has served as chairman of the SNL board since its foundation in 1959 until 15th December, 2009 when he stepped down as chairman, but remained as a director. He also held the position of SNL CEO from 1959 until 2000. He trained as a shipbroker and worked in that capacity in London and New York prior to founding SNL.Niels Stolt-Nielsen, SNL CEO and director, said, "My father's presence at board meetings will be missed, but I expect we will continue to benefit, if only indirectly, from his most welcome counsel." Odfjell’s president and CEO Jan Hammer has resigned with immediate effect. According to a company statement, his decision to resign was due to having different views on the company’s future strategic direction than the main board.As a result, Tore Jakobsen was appointed as president/CEO for an interim period.Jakobsen has been member of Odfjell's management group since 2005 where he has served as senior vice president, corporate investments. Previously, he was president/CEO of Westfal-Larsen. Source : Tankeroperator

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Saudi king grants $35 mn for Ebola fight

The Dutch Zr.Ms. A 833 KAREL DOORMAN seen departing from Vlissingen for her second trip to transport European

relief supplies to West Africa in the fight against Ebola. Photo: Hans van der Linden www.aerolin.nl @AerolinPhotoBV ©

Saudi Arabia’s King Abdullah has granted $35 million to fight Ebola in an effort to slow a death toll which has reached nearly 6,400, the Islamic Development Bank said Thursday. The grant will provide schools in West Africa with heat sensors and medical equipment to help prevent and treat the illness, Ahmed Mohamed Ali, president of the Jeddah-based IDB, said in a statement. Similar equipment will be provided at airports and other terminals, said the IDB, which will implement the project.It said the funds will also help to establish specialised treatment centres in the most affected countries — Sierra Leone, Guinea and Liberia.Another treatment centre will be set up in Mali, where six people have died from Ebola.Ali said the equipment will speed up the opening of schools in affected countries and bolster health and other infrastructure, “thus saving thousands of lives and ensuring the safety of those at risk of contamination”.

On Wednesday, the World Health Organization reported 17,942 cases of the virus across eight countries as of December 7, with 6,388 deaths.Saudi Arabia is the major shareholder of the Jeddah-based IDB. Source : aquila-style

Drenkeling op de Nieuwe Waterweg veilig aan wal

Vrijdagmiddag om 15:45 uur gingen de piepers van station Hoek van Holland voor een drenkeling in de Nieuwe Waterweg. Deze drenkeling is door de KNRM en de verschillende hulpdiensten veilig aan wal gebracht.Terwijl de bemanning aan dek alvast alles klaar maakt, wordt in het stuurhuis van reddingboot Jeanine Parqui contact gezocht met de verkeerscentrale. Die meldt dat de drenkeling iets stroomopwaarts van de Stena in het water ligt. De RPA 3 is al ter plaatse. Eenmaal aangekomen blijkt de RPA 3 al contact te hebben met de drenkeling. Brandweer en ambulance zijn ondertussen ook ter plaatse. Na overleg met de twee loodsvaartuigen die ter plaatse zijn en ook beschikken over een achterklep, wordt besloten dat de Jeanine Parqui de drenkeling aan boord zal nemen. Eén opstapper stapt overboord, gezekerd met een lijn, en neemt de drenkeling over van de reddingsstok van de RPA 3. Vervolgens worden de opstapper en de

drenkeling samen aan boord genomen en spoedt de Jeanine Parqui zich naar de Berghaven terwijl de bemanning

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eerste hulp verleent aan de onderkoelde drenkeling. De hulpdiensten verplaatsen zich naar de Berghaven om daar de drenkeling aan te nemen. In de Berghaven maakt de fast-ferry De Nieuwe Prins de steiger vrij zodat de drenkeling gemakkelijk met een brancard aan wal kan worden gebracht. Eenmaal aangemeerd wordt de drenkeling met behulp van ambulancepersoneel, brandweer, politie en natuurlijk onze opstappers aan wal gebracht en overgedragen aan de ambulance. Al met al een snelle actie met een bijzonder goede samenwerking tussen de hulpdiensten, havendienst, het loodswezen en de RET.

A Chinese-owned handysize bulker has been arrested in Singapore following a collision with

an elderly reefer vessel. The Grandfame Ship Management controlled 37,306-dwt SUN WINNER (built 1983) was detained earlier this week by Singapore’s admiralty sheriff.The Panama-flagged vessel was arrested on the instructions of local law firm Gurbani & Co.AIS data shows the ship presently moored off Singapore’s east coast in position 01° 32.24'N, 104° 06.38'E.

Court documents show that the owners of the 4,360-dwt reefer WIN SHENG (built 1979) are seeking damages of SGD 800,000 ($615,000). The SUN WINNER was bought in November 2011 from Greece’s Atlantic Bulk Carriers for a reported $4.5m. Source : Tradewinds

The FIDA outbound from Rotterdam – Photo : Krijn Hamelink ©

SBM Offshore announces restructuring and establishment of new headquarters

Total redundancy costs of US$25 million are expected, of which US$17 million will be recorded in 2014 and a further US$8 million in 2015.

In light of market conditions and in order to optimise SBM Offshore's cost base, capacity requirements have been reviewed with the objective of creating a productive environment for performing teams and maintaining our core competencies and technological edge. SBM Offshore is in the process of releasing approximately 600 contractor staff and an equal number of permanent staff, totalling approximately 1,200 positions worldwide, over the period 2014 and 2015.

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Workforce reduction plans will vary by country, based on local legal requirements and in close consultation with work councils and employee representatives, as appropriate. The restructuring is expected to generate annualized savings of approximately US$40 million relating to Company employees only. Total redundancy costs of US$25 million are expected, of which US$17 million will be recorded in 2014 and a further US$8 million in 2015. SBM Offshore also announces the relocation of its corporate headquarters to Amsterdam effective from the third quarter of 2015. The international orientation, presence of many other stakeholders in the Netherlands, the Company's Euronext listing and the proximity to the industry and Schiphol airport are expected to provide many advantages to SBM Offshore as a global player in the industry. Approximately 100 people are expected to work with the Management Board from new offices in the Amsterdam region. Monaco remains a strategic location for technology, engineering and operations.

Bruno Chabas, CEO of SBM Offshore, commented: 'Although we regret losing some of our colleagues, we believe these steps are necessary to deliver value to our stakeholders and drive profitable growth over time.' Source : Oilvoice

Kuwait Oil Company names latest Damen tug in Romania

On 30 October Kuwait Oil Company (KOC) CEO Mr Hashem Sayed Hashem attended the naming ceremony of the ASD 3212 tug vessel KOC Shahem at Damen Shipyards Galaţi. The KOC Shahem is the second in a series of 14 tugs that Damen is building for KOC. KOC will use the tugs to assist tankers at near shore loading terminals and at new single point moorings offshore. The two companies have a lasting relationship that spans over 25 years. KOC awarded Damen the contract to design, construct and deliver the series of tugs in September 2012. Damen Shipyards Galaţi is constructing all the vessels. Accompanying Mr Hashem Sayed Hashem, KOC Deputy CEO Mr Hassan Ali Bunnain, Manager of KOC’s Marine Operations Group Mr Fadhel Boresle and the Third Secretary of the Embassy of the State of Kuwait in Romania, Mr Salem Al Ajmi, attended the ceremony. During a speech to mark the event, Mr Hashem Sayed Hashem expressed his satisfaction with the vessel’s performance during sea trials and said he was confident she would perform similarly during service. He attributed the successful completion of KOC Shahem to the excellent cooperation, understanding, support and coordination between the teams of KOC and Damen Shipyards.“We believe without exception that all tasks undertaken by both parties involved were completed with outstanding dedication, professionalism and commitment.” Welcoming the guests, Damen CEO René Berkvens, stressed the value of the long-term relationship with KOC.“The cooperation between KOC and Damen dates back a quarter of a century, when Damen delivered several fast crew vessels and the large FiFi and terminal tug, Sabahi, to KOC. We are extremely proud – once more – in having another magnificent project together.”The substantial contract covers two vessel types, nine of Damen’s new, successful ASD 3212 vessels with a bollard pull of 80 tonnes and 5 of the well known ASD 2810 design, with a 50 tonnes bollard pull. Whilst the vessels are based on proven designs, Damen is extensively tailoring them to meet KOC’s requirements. Source : PennEnergy

Aponte Family, Mediterranean Shipping Co Change of guard at MSC as Gianluigi Aponte hands over to son Diego

GIANLUIGI Aponte officially handed over to his son Diego in October, promoting him to president and chief executive of Mediterranean Shipping Co. But few expect the man who has built up MSC into one of the biggest shipping groups in the world to be far from the action, regardless of the formal change at the top. Indeed, the statement announcing Diego Aponte’s appointment also said his father would assume a new role as group executive chairman and would continue to oversee all group-related activities and “help his son shape the future of MSC”. What the Aponte family has done, though, is to confirm succession plans for a company

that has gone from strength to strength over the past year, particularly as far as its container shipping business is concerned. MSC now operates a fleet of 460 ships of around 2.4m teu, double the capacity of just eight years ago, with another 31 on order including the largest in the world. MSC OSCAR, which will join the fleet in January, has an intake of 19,224 teu, a new record. The ship will be deployed in MSC's Albatross service.



The carrier is second only to Maersk Line in the global rankings. Indeed, there has been plenty of talk lately about the fact that MSC could soon overtake the Danish line in terms of fleet capacity, given its orderbook. For while Maersk has ordered nothing since its Triple-E vessels in 2011, MSC has contracted a large number of newbuildings via long-term lease deals in recent months. Maersk, though, is expected to resume a newbuilding programme soon, and so may still retain the number one slot. What is more remarkable about MSC’s expansion is that growth has been achieved organically, without any acquisition activity, in contrast to Maersk. How the two arch rivals compare in terms of financial performance is impossible to tell. For while Maersk publishes detailed accounts, and in recent years has managed to out-perform all those that also release their results, the Geneva company gives nothing away about its profitability. Despite having little on which to judge the MSC business, which includes cruiseships and ports as well as container shipping, most industry pundits regard Mr Aponte Sr as one of the sharpest minds in the business, with a hands-on approach that means he understands every facet of the industry. But it may have been hard for the single-minded Gianluigi Aponte to have accepted that even MSC could no longer operate alone in the cut-throat global container trades. So it was Diego who led the negotiations, first with Maersk and CMA CGM, on the P3 Network. When that project folded in June after China vetoed the alliance, MSC went ahead with the 2M alliance with Maersk that will cover the main east-west trades. In both cases, it was made clear by the participants that the younger generation was taking the lead on these initiatives. Diego Aponte joined MSC in 1997, sharing an office with his father for much of the time as he prepared to eventually take over. He was chairman of the ports division Terminal Investment Ltd when MSC boosted its bank balance by $1.9bn through the sale of a 35% stake. Mr Aponte Sr, now in his mid-70s, is convinced shipping companies are best in family hands. While Diego has focused on the container shipping and ports sectors, his elder sister Alexa concentrates on the cruise line, along with her mother, and her husband Pierfrancesco Vago who is chief executive of MSC Crociere. He, though, had €33m ($41.1m) of assets seized by the Italian authorities in October over allegations of tax irregularities. That is the sort of publicity that no company likes, let alone media-shy MSC Despite clear signs of a more relaxed attitude towards publicity, MSC and the family that owns it usually prefer to keep out of the spotlight, whether in the case of good news or bad — the exception being cruiseship naming ceremonies. Like their father, Diego and Alexa have kept a relatively low profile, with no biographical details of them on MSC’s website. But Diego Aponte. who is already stamping his authority on the business, will undoubtedly find himself at the centre of attention in the coming months and years as the rest of the industry watches to see how he matches up to his famous and hugely-successful father. Gianluigi Aponte has featured prominently in the Top100 rankings in 2013, 2012, 2011 and 2010. Source : Lloyds List

LNG to be dominant marine fuel: Nakilat Dubai: Liquefied natural gas (LNG) will become a leading marine fuel with low sulphur fuel regulations coming into force next year, according to Nakilat, Qatar’s top shipping line. “With the low sulphur fuel regulations coming into force on January 1, 2015, LNG as marine fuel has come to the forefront,” Nakilat’s fleet director Samir Bailouni told the Middle East Shiptech Forum 2014 in Dubai. LNG has always been handled by specially designed vessels and by qualified, experienced and specifically-trained staff; hence its exemplary safety track record during its 50 years of existence, he said, adding there has been a total of only 40 cu m of reported spillages from LNG transfers in 50 years. Source : Gulfshipnews

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NAVY NEWS Russia's Military Expansion 'Bigger' in 2015 But Still Inferior to US and China

Despite the Russian economy's looming recession in 2015, Moscow plans to increase the country's military spending to a record-breaking US$62 billion or 3.3 trillion rubles since the post-Soviet era. Russia's military is expected to be bigger and stronger in 2015 with cash ready to buy more submarines, aircraft, missiles and artillery for its armed forces.

Russia will design and manufacture a fleet of its own universal amphibious assault helicopter carriers as part of its long-term naval programme of shipbuilding through 2050, according to a high-ranking official in Russia's defence sector in a TASS report. The official said the Russian navy will prioritise the construction of the country's own assault ships as plans were already endorsed by the Defence Ministry.

Russia's long-term plan would need universal amphibious assault ships like the Mistrals of France as such carriers can complete more combat missions than the Ivan Gren assault ships currently being built. The TASS source revealed the new Russian helicopter carriers will be designed by the Nevsky and Northern Design Bureaus.

The country's spending spree on beefing up the country's defences with cash equivalent to 4.2 percent of Russia's gross domestic product follows the ongoing crisis in Ukraine that caused tension in U.S.-Russia relations reminiscent of the Cold War. According to the Moscow Times, Russia's military had a good 2014 so far as the Defence Ministry showed it can successfully reform the country's armed forces. During the annexation of Crimea from Ukraine in March, the Russian army has shown it has improved compared to the 2008 conflict with Georgia.

Nuclear submarines as 'backbone' of defence

Meanwhile, the third Borei-class ballistic missile nuclear submarine, known as the Vladimir Monomakh, was turned over to the Russian navy. TASS said a state commission has signed the notice of acceptance at the Sevmash shipyard. Previous reports have indicated that the Russian Navy will officially adopt the submarine on Dec. 19.The Borei-class submarines are designed by Rubin Design Bureau for Marine Engineering based in St. Petersburg and armed with Bulava intercontinental ballistic missiles with nuclear warheads. The submarines are reportedly going to become the backbone of Russia's naval forces.

Military analysts believe 2015 will be another good year for Russia to expand its military capacity. However, the country is lagging behind the U.S. and China in terms of defence budget. According to UK-based defence consultancy IHS Janes, the U.S. Congress has approved a defence budget for 2015 worth $584 billion while China's budget has reached $159.6 billion.In an attempt to boost its defences even more, Russia has announced plans of building at least 12 nuclear reactors in India by 2035 and agreed to build advanced helicopters as both countries signed 20 treaties to boost strategic cooperation in defence, oil, gas and other key areas. India.com said Russian President Vladimir Putin and Indian Prime Minister Narendra Modi had vowed to make their ties stronger to work towards nuclear energy cooperation. Source : IBtimes

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SHIPYARD NEWS

Rosmorport takes yard Bankrupt Onega Shipyard is to be transferred to Russian ports agency Rosmorport. The Karelia shipbuilder and repairer filed for bankruptcy in 2013 but could now be up and running again early in 2015, the Tass news agency said, citing the head of the republic of Karelia, Alexander Khudilainen. "The owner of the plant will be a federal structure, which owns some 3,000 vessels. They have a backlog of orders for five years," he said.

The transfer has been legally approved and Rosmorport will revive the shipyard in conjunction with Damen Shipyards of the Netherlands. The yard specialised in bulkers, cargoships and ferries, but ran into trouble with wage arrears. Source : Tradewinds

"The construction of the ULSTEIN PX121 "BRITOIL POWER " and the "BRITOIL ENERGY" is in good progress and

according to plan. This picture of the two significant PSV sisters was taken at PT. Britoil Offshore Indonesia, Batam, on 9th December 2014." Photo : Gunnar Haug ©

Turku shipyard to build LNG ferry for Tallink



The Estonia-based ferry company Tallink Group said on Thursday that it intends to order a new-generation ship that runs on liquefied natural gas (LNG) from the Meyer Turku shipyard – which was known as the STX Finland shipyard until August.

The deal would be worth some 230 million euros and create about 2,000 person-work years in the south-western port city. The plan is for the 212-metre vessel to carry up to 2800 passengers at a time between Helsinki and Tallinn, beginning in early 2017.

Details still being fine-tuned

The two sides have signed a letter of intent, with the financial and contractual details to be ironed out within the next few months. “This certainly gives us confidence in the new owners. They’ve come here to build ships,” deputy shop steward Juha Jormanainen told Yle. Last summer, the German family-owned company Meyer Werft bought a 70 percent stake in the yard, which had been suffering from previous Korean owners STX’s financial uncertainty. Tallink bought the Finnish cruise ferry company Silja Line eight years ago.Its main rival, Viking Line, has operated a low-emission LNG-powered ferry on the Stockholm-Turku route since early 2013. Sources : Yle

Otto yard chief charged Otto Marine's shipyard chief has been charged with corruption in Singapore over transactions he was

involved with while working for ST Marine.

Otto said Mok Kim Whang was charged on 11 December in the state courts of Singapore under the provisions of the prevention of corruption act. The group has not been contacted by the authorities to help with investigations.

It added: "Pending the outcome of the court proceedings, Mok remains employed by the company. The company will consult its lawyers and consider its next steps with regards to the employment status of Mok after the verdict at the end of the trial." The case will not have any effect on its earnings or assets.

Mok joined Otto in 2013 as president of the shipyard division. The charge dates from 2004 when he was senior vice president of Tuas Yard at ST Marine in Singapore. Parent ST Engineering said ST Marine's ex-president Chang Cheow Teck was charged with three offences, involving payments of about SGD 270,000 ($206,000) to allegedly win business.Ex-group financial controller and senior vice president of finance Ong Tek Liam was charged with 118 counts, involving SGD 500,000. She was alleged to have falsified claims.Chang ran the company from March 2008 to April 2010. Ong held her position from April 2007 to December 2012. Source : tradewinds

Launching of the Hull In December 10, 2014, 10am in the territory of JSC “Rigas kugu buvetava” (hereinafter - Riga Shipyard) the new hull of fishing trawler “WESTERN VIKING ” (home port: Sligo, Ireland) was launched. Newly constructed ship was consecrated by breaking of a bottle of champagne against the hull by its godmother Natalija Bahtemenko. The Hull which is 56,5 m long, 12,5 m wide and 5,3 m high was built in the Riga Shipyard within 6 months. During the next 3 months additional works for the Hull is provided. The Hull will be located in the dry dock where it will be processed and painted and the house of Steersman will be installed. Despite the fact that ship repairing season was ended with the beginning of winter currently 10 ships is being repaired in the Riga Shipyard 3 of which are located in the dry docks while the other 7 is being repaired from the pier. Source : The Board of JSC “Rigas kugu buvetava

Esquimalt Drydock Co. wins Queen of Capilano upgrade contract

Esquimalt Drydock Co. has been hired by B.C. Ferries to do a $12-million mid-life upgrade on the Queen of Capilano, which will include a new passenger entrance and exit area for walk-on passengers, Photograph By B.C. Ferries An Esquimalt shipyard that has won its biggest B.C. Ferries contract to date is hoping this job will lead to more similar work in the future.

Esquimalt Drydock Co. is carrying out a $12-million mid-life upgrade on the Queen of Capilano from Jan. 5 to May 5.

“It means quite a bit to our company,” says Joe Sansalone, company general manager. “It’s a stepping stone to some of the bigger life-extension contracts that are coming up at B.C. Ferries. It gets us in the loop and gives our people a little bit more training on life extensions.”

The contract will provide work for about 75 employees, with numbers rising to 150 at its peak, Sansalone said.



“We sharpened our pencils,” to win this job, he said. Esquimalt Drydock has done other jobs for Ferries but this is the largest single ferry contract so far for the 16-year-old company. This project is meant to give the 23-year-old ship another 20 years of life.

Pre-fabrication work will be done on the mainland and the rest of the work, such as installation, will be done at the federally owned Esquimalt Graving Dock, he said.

The 314-foot-long Queen of Capilano has room for 85 vehicles and 451 passengers and crew members. It runs between Bowen Island and Horseshoe Bay. B.C. Ferries is putting on other services, such as a shuttle bus and more sailings, while the smaller Bowen Queen fills in. Safety, mechanical and customer service upgrades are planned for the Queen of Capilano, B.C. Ferries said.

Improvements include installing decks to boost capacity to 100 vehicles, a new entrance and exit area for walk-on passengers, a new evacuation system and rescue boat, and a pet area. “A significant upgrade such as the one the Queen of Capilano is undergoing allows B.C. Ferries to operate a more efficient vessel for decades into the future,” said Mark Wilson, Ferries vice-president of engineering. “Most importantly, the end result is a safe and dependable ferry service for the community of Bowen Island.”

For Sansalone, the new jobs help his company to be competitive with other yards. B.C.’s shipbuilding and repair industry struggled for decades to survive. But that changed when Seaspan won the rights to negotiate $11.3-billion worth of construction for federal non-combat ships. The first federal vessel is now being built at Seaspan’s North Vancouver Shipyard. The total program is anticipated to continue for many years, sparking further investment, training and contracts for the company and other shipyards on this coast.

At Seaspan’s Victoria Shipyards in Esquimalt, hundreds of millions of dollars worth of work on navy frigates and submarines is underway. B.C. Ferries is expecting to spend $227 million for infrastructure this fiscal year.One sore point in the province is B.C. Ferries’ decision to have three intermediate-class vessels built in Poland for $165 million. Seaspan had been shortlisted but withdrew because its yards are busy with other jobs.Source : timescolonist

ROUTE, PORTS & SERVICES

NORDEN takes USD 230 million provision with no cash flow effect

NORDEN takes USD 230 million provision with no cash flow effect for onerous time charter contracts in Dry Cargo and reduces full-year guidance – underlying operations unchanged Following an updated market evaluation, NORDEN has concluded that it is no longer likely that certain time charter contracts predominantly entered into 3-6 years ago on vessels chartered in will become profitable. As a consequence, a provision of USD 230 million is recognised for onerous time charter contracts in Dry Cargo. The provision is a result of the continued weakness in dry cargo forward rates witnessed recently, which has made management undertake a reassessment of the freight rate outlook. Based hereon, management has concluded that the market for the next few years will not improve to the extent previously assumed but, in the near term, be closer to current forward rates in the market. The long-term outlook remains unchanged in line with the historical averages which have previously been applied. A similar review has been made for the NORDEN owned dry cargo vessels and the tanker segment with the conclusion that there is no need for either provision or impairment. Following the provision in

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Dry Cargo, the book value of Group equity of USD 1.2 billion or DKK 177 per share is in line with the likely value of future cash flows based on management’s current market assumptions (book values based on figures as per 30 September 2014). The material part of the provision will be reversed over the next 3-4 years leading to a positive EBITDA impact of a similar amount over that period. About one-third of the provision will be reversed in 2015. The provision has no impact on cash flows or loan agreements.As a consequence of the provision, NORDEN reduces its guidance for the year and now expects a full-year EBITDA of USD -290 to -230 million (previously USD -60 to 0 million). Underlying operations remain within the previously issued guidance with the tanker segment approaching the high end of its range due to the recent spot market improvement. Source: DS Norden

Increased tonnage demand from West of Suez boosts tanker rates during the past

month Gains seen in October continued this month as both crude and product spot freight rates registered growth in November said OPEC in its latest monthly report issued this week. Spot freight rates recovered across all tanker sectors, as the month exhibited positive monthly performance on all reported routes with no exception. Dirty tanker spot freight rates registered high gains, particularly for Suezmax and Aframax tankers, while VLCC gains occurred to a lesser degree and on a monthly comparison only, still generally reflecting the lower rates seen the year before. On average, VLCC spot freight rates increased by 18%, while spot freight rates for both Suezmax and Aframax were up by a notable 27% and 49%, respectively, compared with the previous month. Occasional tight availability, increased weather delays and seasonal activity drove dirty tanker freights up in November. Clean tanker spot freight rates gained 15% on average in November, compared with the previous month, supported mostly by a firming market in West of Suez. Spot fixtures In November, OPEC spot fixtures declined by 0.6% from the previous month to average 12.84 mb/d, according to preliminary data. Spot fixtures from the Middle Eastto-East were down by 12% from the previous month, while the Middle East-to-West route exhibited higher spot fixtures, up by 0.74 mb/d to average 2.39 mb/d. Supported by winter season demand, spot fixtures from outside the Middle East registered a smaller gain of 0.04 mb/d or 0.9% compared with a month earlier. On the whole, spot fixtures in all regions were higher than the same month a year before. Sailings and arrivals OPEC sailings dropped by 0.44 mb/d or 2% in November to stand at 23.72 mb/d. A similar drop was seen in Middle East sailings. In November, Middle East sailings were lower by 0.43 mb/d or 2.4% from the previous month to stand at 17.37 mb/d. Crude oil arrivals increased in November in Europe, the Far East and North America by 5%, 5% and 8.6%, respectively, compared with the previous month, while West Asia arrivals declined by 3.3%. Spot freight rates VLCC In the dirty market, VLCC spot freight rates gained 18% on average in November in comparison with the previous month to stand at WS49 points, yet it was the only class remaining below the monthly rate of one year ago, reflecting a drop of 7% from November 2013. Tankers operating on the Middle East-to-East and Middle East-to-West routes increased by 20% and 25%, respectively, to average WS56 points and WS33 points, respectively, in November, while on average VLCC West Africa-to-East spot freight rates showed the least gain of 12% in November to stand at WS57 points. VLCC freight rates fluctuated, depending on tonnage demand. The requirement for vessels in the Middle East region eased in the second week of November, leading to owners accepting last done levels, thus holding back any freight rate gains as tonnage supply and demand were balanced. The Atlantic market remained mostly firm during the month, as vessel availability continued to be limited. VLCCs were taken on a co-loading basis when Suezmax freight rates were firming, which led to higher freight rates registered in that region. VLCC freight rates increased towards the end of the month on the back of higher chartering activities registered in many regions. Suezmax Suezmax spot freight rates followed the same pattern as VLCC freight rates, however Suezmax monthly freight rate gains were higher and exhibited an increase on an annual basis as well, showing a worthy gain of 61% from the same period one year ago. The freight rate increase in November marks the highest among Suezmax freight rates since a hike at the beginning of the year. Suezmax spot freight rates for tankers operating on the West Africa-to-US route increased by 30% in November to stand at WS98 points, while rates on the Northwest Europe-to-US route gained 23%



to stand at WS73 points. Support came mainly from a stronger Atlantic market. Meanwhile, the Black Sea market reflected strong activity and Middle East loadings also were at high levels, particularly to the West and India. Delays at the Turkish Straights were on the increase during the month, which also supported freight rates. West Africa loadings were active in November, despite losing some share to VLCCs. Aframax Aframax spot freight rates showed the strongest gains in the dirty market by closing up 49% on average in November compared with the previous month, to stand at WS148 points, the highest since January 2014. The increase seen in November reflects a jump of 85% from the same month one year ago. Spot freight rates for Aframax on the Mediterranean-to-Mediterranean and Mediterranean-to-Northwest Europe routes registered the highest gains of all reported routes. Compared with one month ago, Mediterranean-to-Mediterranean Aframax spot freight rates increased by 81% in November to stand at WS168 points, while the Mediterranean-to-Northwest Europe route gained 88% to WS1160 points. Freight rates increased ahead of the approaching ice season, and gains were also driven by a bullish market in the Black Sea as demand for prompt tonnage increased. Stronger activities in the Mediterranean, weather delays in the Turkish Straits and several prompt replacements, in addition to delays in Trieste together supported freight rates in the region, which reflected a strong increase on both reported routes by 132% and 149% from the previous year. The positive trend also impacted Aframax spot freight rates on the Caribbean-to-US route; they stayed mostly stable during the month – the result of a balanced market. However, sufficient tonnage requirements kept freight rates at levels lower than seen on other routes, averaging WS153 points, up by 19% from the previous month. The Indonesia-to-East route was up by close to 21% in November to average WS110. Source : Nikos Roussanoglou, Hellenic Shipping News Worldwide

BHP Billiton ships one billion tonnes of iron ore to China

BHP Billiton last night celebrated the shipment of its one billionth tonne of iron ore to China with customers, industrial associations, joint venture partners, suppliers and employees in Shanghai, the company said in its press release. BHP Billiton’s Chief Executive Officer Andrew Mackenzie was joined by President Iron Ore Jimmy Wilson, President HSE, Marketing and Technology Mike Henry, President Coal Dean Dalla Valle and guests to reveal the commemorative plaque to mark the milestone.

Mr Mackenzie said BHP Billiton, a leading global resources company, was proud to contribute to the important trading relationship between China and Australia and to the country’s steel industry. BHP Billiton’s iron ore journey with China started more than 40 years ago with the first shipment of iron ore from Port Hedland to China in 1973.With China accounting for nearly 50 per cent of the world’s total steel production, Mr Wilson recognised the nation’s contribution to the development of the Pilbara in Western Australia. Source : PortNews

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