With just two months of 2017 left the slippage in deliveries of the global orderbook looks set to be massive. Half of the ships due for 2017 delivery are still to be handed over with less than nine weeks of the year to go. Of the 2,440 vessels meant to be delivered this year, only 1,220 have hit the water, according to VesselsValue. Vessel deliveries typically slow down towards the end of the year. If the owners wait a few weeks, allowing the delivery to slip into the new year, the vessel is considered a whole year younger. Many sectors can expect a high proportion of the orderbook to hit the water in future years.
Next year Cosco’s container division will go through an unprecedented growth spurt, larger in size even than when it merged recently with fellow state-run giant China Shipping. The “relentless growth” at Cosco Shipping forms the lead article in the latest weekly report from container analysts, Alphaliner. Alphaliner suggests Cosco’s total capacity could hit 3m teu by the end of next year, thanks to absorbing the 710,000 teu fleet of Hong Kong’s OOCL as well as taking delivery of 29 newbuildings with a total capacity of 520,000 teu. Such growth would likely see Cosco jump past France’s CMA CGM into third spot.
A tanker managed by Sharjah-based Silver Star Ship Management was attacked by five assailants yesterday off Singapore. Five men carrying knives boarded the 107,176 dwt GP T2 just after 0100 hrs yesterday while the tanker was underway near Batam island in the eastbound lane of the Traffic Separation Scheme (TSS) of the Singapore Strait. The perpetrators tied up the duty oiler in the engine room, took away some engine spare parts and escaped in a small boat. The small boat was seen moving in a southerly direction. The master raised the alarm and conducted a security search onboard the ship.
Four persons were arrested in Tauranga NZ after they took a shipment of cocaine from hidden compartment on the allegedly on the exterior of a Maersk Vessel. Customs and Police investigated drug criminal ring for 5 months, and were expecting this cocaine shipment. An estimated 46 kilograms of cocaine, with a street value of around NZ$20 million ($450 per gram), was seized from after the ship arrived from Chile, as the syndicate approached the vessel under the cover of darkness, retrieving the cocaine from the hull. Maersk and her crew were not understood to be involved in the drug trafficking.
A crewmember of the cruise ship "Disney Wonder" stands accused of wire fraud after embezzling $275,000 through the ship’s VeriFone point of sale system. 32-year-old Brazilian national, an employee of the Wonder’s merchandise store, has confessed to fraudulently diverting money from Disney for his own benefit by loading company funds onto gift cards. From 2015 through 2017, Gomes made $275,000 in charges on a Disney bank account and transferred the funds onto Disney cards, prosecutors said.
BIMCO has appointed Rasmus Nord Jørgensen as its new Director of Communications to develop the organisation’s communication strategy and increase BIMCO’s media profile. Angus Frew, Secretary General and CEO at BIMCO said: This is an important appointment reflecting our desire to significantly increase BIMCO’s communications activity. It is vital that our members, who are spread around the world in 120 countries are fully aware of the many services we offer and, as the world’s largest international shipping association, we would like to ensure that BIMCO has a stronger voice in the wider maritime conversation."
The keel was laid for the first of three ships for Virgin Cruises at Fincantieri’s shipyard in Genoa, Italy on Wednesday. “This is a very big day for Virgin Voyages, as an exciting new holiday option for travelers starts to get ship shape. She will be the most recognizable ship sailing the seven seas, delivering an irresistible sailor experience. We’re also committed to making sure our crew are the happiest at sea and will be proud to sail with us,” said Virgin Group Founder Sir Richard Branson.
GoodBulk, an owner and operator of dry bulk vessels announced that it has entered into an agreement to acquire 7 to 13 Capesize dry bulk carriers from entities managed by CarVal Investors. Delivery of the vessels is expected to occur during the 4th Quarter of 2017 and the 1st Quarter of 2018. “We are excited to partner with CarVal Investors in this transaction as we continue to execute upon the Company’s strategy of building an industry leading platform for investment in dry bulk vessels,” commented Chairman and CEO John Michael Radziwill.
Japan “big three” shipowner Mitsui OSK Lines (MOL) reported a half-year net profit of JPY13.1bn ($116.4m) down 18.3% from JPY16.1bn a year earlier. The fall in profits for the first half of FY2017 ended 31 March 2018 came despite a 14.8% rise in revenues to JPY818.9bn for the period compared to JPY713.5bn in revenues for the first half of FY2016. MOL saw an improvement in the bottomline for its dry bulk and container shipping businesses, however, saw profits shrink for its energy transport business.
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