Seacurus Daily: Top Ten Maritime News Stories 29/07/2017
1. New Build Breakdown
CMA CGM’s newbuild New Panamax containership "CMA CGM Lisa Marie" suffered a mechanical failure during sea trials last week in China. Last week, the ship’s personnel sent a distress call to Chinese Rescue and Salvage Bureau as the ship was disabled amid stormy weather in coastal waters near Shanghai. East China rescue bureau dispatched a search and rescue ship to the scene where the stricken boxship was battling 6.4 meters high waves. The vessel’s crew managed to put the containership under tow and towed it to Zhoushan Xinya Shipyard, where the ship is said to be undergoing necessary repairs.
CMA CGM’s newbuild New Panamax containership "CMA CGM Lisa Marie" suffered a mechanical failure during sea trials last week in China. Last week, the ship’s personnel sent a distress call to Chinese Rescue and Salvage Bureau as the ship was disabled amid stormy weather in coastal waters near Shanghai. East China rescue bureau dispatched a search and rescue ship to the scene where the stricken boxship was battling 6.4 meters high waves. The vessel’s crew managed to put the containership under tow and towed it to Zhoushan Xinya Shipyard, where the ship is said to be undergoing necessary repairs.
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2. Leading Ship Finance Sale
One of the world’s most famous names in ship finance could be sold off. Reuters is reporting that Germany’s DZ Bank has put subsidiary DVB in the shop window with a number of potential suitors signalling interest despite DVB’s hefty $522m interim loss reported earlier this month. DZ Bank bought out minority shareholders in DVB recently, potentially facilitating a potential sale of the business. It still remains unclear whether DZ will sell off DVB in its entirety or will try to sell tranches of its shipping loans in a manner similar to Royal Bank of Scotland’s recent offloading of its shipping portfolio.
One of the world’s most famous names in ship finance could be sold off. Reuters is reporting that Germany’s DZ Bank has put subsidiary DVB in the shop window with a number of potential suitors signalling interest despite DVB’s hefty $522m interim loss reported earlier this month. DZ Bank bought out minority shareholders in DVB recently, potentially facilitating a potential sale of the business. It still remains unclear whether DZ will sell off DVB in its entirety or will try to sell tranches of its shipping loans in a manner similar to Royal Bank of Scotland’s recent offloading of its shipping portfolio.
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3. Logistics Industry BREXIT Hopes
Members of the UK logistics industry reportedly believe the prime minister Theresa May is finally making the “right noises” during a Brexit speech, but warned government must follow through on its promises. Mrs May has not only called for a transitional period following the UK’s 2019 exit, but said EU nationals would be eligible for permanent residence. Brexit policy advisor at the UK Chamber of Shipping Matthew Wright welcomed the prime minister’s comments, noting the importance of EU nationals to the UK’s shipping sector, he added the comments would help “allay” concerns of seafarers.
Members of the UK logistics industry reportedly believe the prime minister Theresa May is finally making the “right noises” during a Brexit speech, but warned government must follow through on its promises. Mrs May has not only called for a transitional period following the UK’s 2019 exit, but said EU nationals would be eligible for permanent residence. Brexit policy advisor at the UK Chamber of Shipping Matthew Wright welcomed the prime minister’s comments, noting the importance of EU nationals to the UK’s shipping sector, he added the comments would help “allay” concerns of seafarers.
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4. Oman Seeks Box Ships
Oman Shipping is planning to enter the containership owning sector through the acquisition of two containerships, replacing ships it currently has on charter. Tarik Mohammed Al Junaidi, CEO of Oman Shipping, said the company is looking to take advantage of current low asset vales to acquire two secondhand containerships with a capacity of 3,000 teu each. Oman Shipping currently operates a feeder container service Oman Express which connects Jebel Ali, Sohar, Duqm and Salalah, with a chartered vessel of 2,500 teu capacity and the Gulf Express service using a multi-purpose chartered 400 teus vessel.
Oman Shipping is planning to enter the containership owning sector through the acquisition of two containerships, replacing ships it currently has on charter. Tarik Mohammed Al Junaidi, CEO of Oman Shipping, said the company is looking to take advantage of current low asset vales to acquire two secondhand containerships with a capacity of 3,000 teu each. Oman Shipping currently operates a feeder container service Oman Express which connects Jebel Ali, Sohar, Duqm and Salalah, with a chartered vessel of 2,500 teu capacity and the Gulf Express service using a multi-purpose chartered 400 teus vessel.
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5. Digital Solutions Found
Class society DNV GL is creating a specialised Digital Solutions organisation, consisting of 1,000 digital experts. “Data is the raw material of the 21st century. It is the foundation and driver of the digital transformation and forms the basis of value creation,” commented Remi Eriksen, group president and CEO of DNV GL.
Class society DNV GL is creating a specialised Digital Solutions organisation, consisting of 1,000 digital experts. “Data is the raw material of the 21st century. It is the foundation and driver of the digital transformation and forms the basis of value creation,” commented Remi Eriksen, group president and CEO of DNV GL.
The new Digital Solutions organisation will absorb DNV GL – Software, a vendor of third party software, solving technical and operational challenges related to industrial assets. The new organisation will also oversee the running of its recently launched independent open industry platform Veracity.
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6. Ship Channel Hurricane Dump
The Houston Ship Channel is in serious need of dredging after the huge disruption caused by Hurricane Harvey, it was revealed at the Houston Port Commission’s monthly meeting. Flooding from Harvey dumped tons of silt in the Channel and in Galveston Bay. Even though shipping has resumed – with a few restrictions – after the hurricane, the dredging is needed to “accommodate normal commerce at its authorized depth and width” said the commission’s Chairman Janiece Longoria. There has also been significant shoaling at the port’s major terminals, Barbours Cut and Bayport.
The Houston Ship Channel is in serious need of dredging after the huge disruption caused by Hurricane Harvey, it was revealed at the Houston Port Commission’s monthly meeting. Flooding from Harvey dumped tons of silt in the Channel and in Galveston Bay. Even though shipping has resumed – with a few restrictions – after the hurricane, the dredging is needed to “accommodate normal commerce at its authorized depth and width” said the commission’s Chairman Janiece Longoria. There has also been significant shoaling at the port’s major terminals, Barbours Cut and Bayport.
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7. Autonomous Model Testing
A model of what promises to be the world’s first autonomous containership has started its testing stage at Sintef Ocean, a Norwegian research organization. Norwegian maritime technology expert Kongsberg and its compatriot fertilizer producer Yara have teamed up with Marin Teknikk on designing and building a model of the ship- Yara Birkeland. As disclosed, the model tested its mettle today in Sintef’s pool for the first time. The ship has been announced by the two companies as the world’s first fully electric container feeder, which will produce zero emissions.
A model of what promises to be the world’s first autonomous containership has started its testing stage at Sintef Ocean, a Norwegian research organization. Norwegian maritime technology expert Kongsberg and its compatriot fertilizer producer Yara have teamed up with Marin Teknikk on designing and building a model of the ship- Yara Birkeland. As disclosed, the model tested its mettle today in Sintef’s pool for the first time. The ship has been announced by the two companies as the world’s first fully electric container feeder, which will produce zero emissions.
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8. COSCO on Winning Trail
COSCO Shipyard Group, part of COSCO Shipping International (Singapore), has, through its subsidiaries, won contracts for up to ten new ships if all options are exercised. These include a contract for four 82,000 tons bulk carriers secured by COSCO (Zhoushan) Shipyard. The contract includes two options to build another four similar units. The shipbuilder said the order has been placed by an undisclosed European owner. However, contract details indicate that Aegean Shipping Management is behind the order.
COSCO Shipyard Group, part of COSCO Shipping International (Singapore), has, through its subsidiaries, won contracts for up to ten new ships if all options are exercised. These include a contract for four 82,000 tons bulk carriers secured by COSCO (Zhoushan) Shipyard. The contract includes two options to build another four similar units. The shipbuilder said the order has been placed by an undisclosed European owner. However, contract details indicate that Aegean Shipping Management is behind the order.
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9. Safer Cargo Packing Needed
A coalition of cargo industry organizations representing the full breadth of the global supply chain is maintaining its campaign for safer practices in packing freight containers. During a meeting held at the IMO, four industry bodies, Global Shippers Forum (GSF), ICHCA International, TT Club and World Shipping Council (WSC) participated in the experts group that created the comprehensive guidance for safe and secure packing of CTUs which was thereafter adopted by each of the U.N. agencies during 2014.
A coalition of cargo industry organizations representing the full breadth of the global supply chain is maintaining its campaign for safer practices in packing freight containers. During a meeting held at the IMO, four industry bodies, Global Shippers Forum (GSF), ICHCA International, TT Club and World Shipping Council (WSC) participated in the experts group that created the comprehensive guidance for safe and secure packing of CTUs which was thereafter adopted by each of the U.N. agencies during 2014.
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10. God Bless OOCL United Kingdom
OOCL has commemorated the christening of the latest 21,413 TEU containership to join our fleet this year. Constructed by Samsung Heavy Industries (SHI), Hull H2175 is the fourth in the line of six ordered by OOCL from the Korean shipyard. Named the "OOCL United Kingdom", and together with her sister vessels, Chief Financial Officer of OOCL Mr. Alan Tung said they are “a class of their own” as the world’s largest by carrying capacity box ships. “Following our ‘M Class’ of 13,208 TEU vessels also built here at SHI, we are delighted to be adding these state-of-the-art titans at sea ‘G Class’ containerships into our fleet,” he said. goo.gl/4ti6cC
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