1. Baltic index gains for 12th straight session as vessel demand rises
The Baltic Exchange’s main sea freight index rose for a twelfth straight session on Monday to its highest in more than five months on stronger demand across vessel sizes.
The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 50 points, or about 5.4%, to 973, its highest since Jan. 2. https://www.hellenicshippingnews.com/baltic-index-gains-for-12th-straight-session-as-vessel-demand-rises/
2. Climate Change – A changing physical and liability risk landscape
Climate change has been described as one of the defining issues of our time and recent years have seen a monumental shift in governmental and public interest in environmental, social and governance issues. Increasing pressures from investors, regulators and consumers mean businesses can no longer afford to ignore the risks associated with climate change. https://www.hellenicshippingnews.com/climate-change-a-changing-physical-and-liability-risk-landscape/
3. Cargo ship calls at Singapore hub plummet to 27-year low, marine fuel sales fall
Cargo ship arrivals in Singapore, the world’s top transhipment and bunkering hub, plummeted to their lowest in nearly three decades in May, while dragging sales of marine fuels to a three-month low, official data showed. https://www.hellenicshippingnews.com/cargo-ship-calls-at-singapore-hub-plummet-to-27-year-low-marine-fuel-sales-fall/
4. Maersk: Innovative rope design improves vessel mooring safety
Maersk will begin implementation of an innovation called Snap Back Arrestor (SBA) ropes on the mooring lines used to hold vessels in place while docked in port for loading and unloading. Mooring is one of the most dangerous aspects of port and vessel operations. When a mooring rope holding a docked vessel snaps, the abrupt energy release can cause the rope to whip across the dock and ship at a speed of almost 500 MPH or more than twice the speed of a NASCAR level race car. https://www.hellenicshippingnews.com/maersk-innovative-rope-design-improves-vessel-mooring-safety/
5. Freighter grounding, Norway
General cargo ship AMALIE ran aground in the evening Jun 15 while approaching Hestvikholmene in Averøy, north of Kristiansund, Norway, en route from Floro. The ship was refloated with high tide and tug assistance. After refloating, she was taken to harbor and berthed. No information on damages. http://www.maritimebulletin.net/2020/06/16/freighter-grounding-norway/
6. Oldendorff Carriers Buys Three Capesizes At $213m From Tata
Germany’s Oldendorff Carriers has agreed to acquire three capesize bulkers at an ‘en bloc package’ price of $212.76m from Singapore-based Trust Energy Resources, a subsidiary of India’s Tata Power Company. The ships comprise of the 2016-built, 209,300-dwt Trust Amity, and Trust Agility and Trust Integrity, both built in 2011 and of 180,600-dwt in capacity. https://www.shippingtribune.com/news/shipping/Oldendorff+Carriers+buys+three+capesizes+at+%24213m+from+Tata
7. Shipping Companies Encouraged To Use Crew Change Form
BIMCO is joining the International Chamber of Shipping (ICS) in a call to encourage shipping companies or masters to fill in a Crew Change Report Form launched by ICS and thereby help encouraging Governments to facilitate crew change throughout the Covid-19 pandemic.
8. Use of remote surveys ‘the new normal’: Lloyd’s RegisterL
Classification, flag states and shipowners/ operators had all “adapted quickly to incredibly difficult working environment” through their use of new technologies, Parry pointed out to begin, posing the question “have we catapulted ourselves forward and will now adopt as normal practice what would have taken us 10 or 20 years to accept?” https://www.seatrade-maritime.com/technology/use-remote-surveys-new-normal-lloyds-register
9. Zhoushan Ningshing Shipbuilding established in China
The shipyard was purchased and restructured by Ningbo Ningshing Holdings, which was formally known as Longlida Shipyard based in Zhoushan. The newly established shipyard will be engaged in building reefer vessels, bulk carriers, container vessels, barges, product oil tankers, chemical tankers and tugboats, as well as ship repair.
10. Institute of Chartered Shipbrokers launches training initiative for persons with disabilities
The course involves training the attendees on the basic understanding of shipping, and thereafter ICS will coordinate and assist in finding job placements for them in the maritime industry. ICS-SG shared that the results of a poll carried out a few months back indicated a positive response from the Singapore Shipping Association (SSA) member companies. https://www.seatrade-maritime.com/ship-operations/institute-chartered-shipbrokers-launches-training-initiative-persons-disabilities