(Image Courtesy: Trafigura)

Trafigura Securitisation Finance Plc (“TSF”), a receivables securitisation vehicle of Trafigura Group Pte Ltd (“Trafigura”), has successfully priced a new series of notes (“TSF 2021-1”) on the 144A/RegS Asset-Backed Securities (“ABS”) market. This is Trafigura’s sixth public ABS transaction since the inception of the programme in November 2004.

TSF has since become the largest AAA/Aaa publicly rated securitisation programme of trade receivables in the world. It offers investors rare access to a blended portfolio of short-term credit exposure on oil majors, non-ferrous metals and minerals purchasers and highly rated banks.

A total of USD300 million of public notes (3-year tenor) were placed with US investors including: USD139.5 million floating rate Class A1 notes (AAA/Aaa) at 1m Libor +53bps, USD139.5 million fixed rate Class A2 notes (AAA/Aaa) at mid-swap +55bps and USD21 million fixed rate Class B notes (BBB/Baa2) at mid-swap +125bps. Many of the original investors from the previous transaction (TSF 2018-1) participated in the new offering.

The transaction was well received with participation from a total of 16 investors in the fixed and floating rate tranches. The transaction was announced on 14 July and successfully priced on 16 July, with oversubscription on both the Class A and B notes (subscription levels of Class A: 1.2x, Class B: 2.3x).

Laurent Christophe, Trafigura’s Group Treasurer, said: “For the sixth time since our first issuance in the public markets in 2007, we were able to successfully tap the ABS market from our flagship TSF programme. The successful pricing of TSF 2021-1 demonstrates not only the attractiveness of trade receivables as an underlying asset class which is rarely offered in public markets, but also the quality of the structure. Investors were mindful of the strong performance of the programme during the COVID-19 pandemic, proving once again its resilience.

“The TSF programme is now well known to institutional investors and we were pleased to attract significant interest in this new series, particularly during the busiest week of ABS issuance this year. We are committed to the ABS market and will continue to issue new series from TSF on a regular basis. We also plan to bring more diverse offerings originated by Trafigura to the ABS market such as our inventory securitisation programme,” concluded Laurent Christophe.

SMBC (Bill & Deliver), Citi and Société Générale (Structuring) acted as Joint Lead Managers, with Natixis, Mizuho and MUFG as Co-Managers on the transaction.

 

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https://seanews.co.uk/news/trafigura-places-usd300-million-of-notes-in-the-asset-backed-securities-market/


The Hywind Scotland floating wind farm (Image Courtesy: Michal Wachucik/Abermedia – Equinor ASA)

Equinor, RES and Green Giraffe join forces and form Océole, a partnership dedicated to developing floating offshore wind in France.
Océole will evaluate and work towards submitting bids in the upcoming floating offshore wind tenders held by the French government.

Establishing this partnership is in line with the three companies’ ambition of delivering high-performance floating offshore wind projects to support France’s targets of up to 6.8 GW offshore wind by 2028 on its path to become carbon neutral by 2050.

“France has set an ambition of becoming among the top markets for floating offshore wind in the next decade. Together with RES and Green Giraffe, we are ready to contribute long term to the country’ ambitious offshore wind plans and develop what could potentially be the first commercial floating offshore wind farm in France. As Océole, we have the industrial competence, technical and financial skills to develop projects where we can create value and capture the benefits of scale for this exciting technology” says Equinor’s senior vice president for business development in Renewables, Jens Økland.

Delphine Robineau, Offshore Wind Manager at RES says: “I am delighted for RES to enter a partnership that enhances the complementary nature of all three companies. The experience gathered within Océole demonstrates our ability to develop the floating wind industry in France with projects that are adapted to French territories, while being respectful of the environment and the sea users”.

Equinor is the world’s leading floating offshore wind developer, operating the world’s first floating wind farm, Hywind Scotland (30MW) and constructing the world’s largest floating offshore wind farm under development, Hywind Tampen (88 MW).

The company has more than a decade of operating experience from floating offshore wind. Their offshore experience and project management expertise from the North Sea and around the world makes them uniquely qualified to lead the way and further develop floating offshore wind in France in a safe and efficient way together with its partners.

RES has a strong and recognized expertise in offshore wind energy through its experience in project development, operation, and maintenance as well as support and engineering services. In France, RES won the tender for the offshore wind project off the Bay of Saint-Brieuc in 2011. The company will build on the experience from developing France’s first offshore wind project, which is fully consented and is currently under construction.

Green Giraffe is a specialist financial advisory firm focused on the renewable energy sector. With more than 110 projects worldwide they have a proven track record and a strong international position in the offshore wind sector.

 

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https://seanews.co.uk/news/equinor-res-and-green-giraffe-team-up-for-floating-offshore-wind-growth-in-france/


Image LNG-fueled capesize bulk carrier (Image Courtesy: NYK Line)

NYK has concluded a long-term consecutive voyage charter (CVC) contract with JFE Steel Corporation for a new large bulk carrier that uses LNG (liquefied natural gas) as its main fuel. This vessel will be the first LNG-fueled capesize bulk carrier to be built by NYK. The ship will be delivered in early 2024 and will be used in the Pacific trade of iron ore and coal for JFE.

This vessel will be equipped with a state-of-the-art WinGD-made dual-fuel slow-speed diesel engine (i.e., X-DF diesel engine 2.0) and compliant with IMO’s NOx (nitrogen oxide) emission regulations (Tier III).

This ship will emit approximately no sulfur oxides (SOx), 85% less NOx, and 25-30% less carbon dioxide (CO2) compared to conventional heavy oil-fueled vessels. In addition, due to careful consideration of the equipment and arrangement of the LNG fuel tank and LNG fuel supply system, this ship will maintain the loadable quantity and cargo hold capacity of conventional bulk carriers of the same size despite the increased weight of additional equipment.

NYK will prepare the LNG bunkering system by the time the vessel is delivered, anticipating that LNG fuel will be replenished by ship-to-ship bunkering when calling ports in the Chugoku region of Japan.

NYK aims to further advance to zero-emission vessels utilizing marine fuels that have a lower environmental impact, such as hydrogen and ammonia. For the moment, NYK is positioning LNG fuel as a bridge solution until future zero emission ships can be realized.

Outline of vessel

Length overall: approx. 299.9 meters
Breadth (moulded): approx. 50.00 meters
Draft (scantling): 18.4 meters
Deadweight Tonnage: approx. 210,000 tons
Contractor: Nihon Shipyard Co., Ltd.

 

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https://seanews.co.uk/news/classnk-grants-innovation-endorsement-certification-to-tsuneishi-facilities-craft/


Right: Jun Kambara, President, TSUNEISHI FACILITIES & CRAFT CO.,LTD.; Hiroaki Sakashita, President & CEO, ClassNK (Image Courtesy: ClassNK)

Classification Society ClassNK granted its first Innovation Endorsement “Provider Certification” for organizations to TSUNEISHI FACILITIES & CRAFT CO., LTD. (TFC). Upon examining TFC’s established organizational structure for innovation and its innovation activities, the Society granted Class C and D certification to the provider.

The Society launched Innovation Endorsement in July 2020 as a certification to promote the spread and development of innovative technology and its speedy progress along with the formulation of appropriate evaluation criteria in collaboration with technological front runners.

Among the certification categories, “provider certification” is for companies and organizations. As a third party pursuing ESG-oriented management and SDGs, ClassNK certifies companies that are transforming their own business methods and organizations, in order to establish sustainable and competitive business.

There are three classes of certification available to companies according to the innovation activity stage:

Class C (Concept: Organizational policy and system in place for innovation)
Class D (Development: Specific innovation activities being carried out)
Class S (Sustainable Implementation: Sustainable innovation with results implemented in the business)

Upon receiving TFC’s application for the certification, innovation specialists from the Society verified the company’s management system with the vision of “TSUNEISHI Group’s Value Engineering and Innovation Activities for a Zero Emission/Hydrogen Society”.

In the stage of class C, the Society examined the company’s vision for promoting ESG management, its cross-organizational business strategy, and its organizational status for strategy execution, all with relation to decarbonization.

In the next stage of class D, the market introduction of the hydrogen powered ferry jointly developed with CMB, a major shipping company from Belgium by establishing a joint venture(Bingo Research Institute Co., Ltd., which changed its name to JPNH2YDRO CO., LTD. on July 1), was reviewed as a concrete example of innovation activity considered to be part of a two-layered innovation management, along with the implementation of innovation based on the management system.

ClassNK then granted the certification after confirming that the company’s efforts met the class C and D requirements. This is the first Innovation Endorsement for providers that the Society has issued.

Going forward, the TSUNEISHI Group, including TFC, will utilize JPNH2YDRO for the incubation of its hydrogen business, and further innovation, including the provision of environmental solutions using a hydrogen internal combustion engine (H2ICE) and the construction of a hydrogen supply chain, is expected. With certification from a third-party organization, it is expected that customers and other stakeholders will become more aware of the company’s active commitment to innovation.

The Society will further promote its Innovation Endorsement for Ships, Products & Solutions, and Providers, and strive to support innovative technologies and initiatives.

 

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https://seanews.co.uk/news/classnk-grants-innovation-endorsement-certification-to-tsuneishi-facilities-craft/


Missouri prosecutors filed state charges on Friday against three employees involved in a 2018 boat accident on a lake in the tourist town of Branson in which 17 people were killed.

Kenneth McKee, the boat’s captain, and managers Curtis Lanham and Charles Baltzell each face 17 counts of first-degree involuntary manslaughter for taking the World War Two-style duck boat out in stormy weather.

Stone County Prosecuting Attorney Matt Selby and Missouri Attorney General Eric Schmitt announced the charges, which follow a ruling by a federal judge that federal prosecutors must drop charges they had brought because they lacked jurisdiction.

Thirty-one people were aboard the boat when hurricane-strength winds churned the waters of Branson’s Table Rock Lake on July 19, 2018. Nine members of one family, including children, were among those killed when the boat capsized.

Lawyers for McKee and Baltzell did not immediately respond to a request for comment.



Tricia Bath, a lawyer representing Lanham, wrote in an email that the accident was “a horrible tragedy that resulted from a storm that struck with a ferocity that was not typical and not anticipated.”

“As has been the case since Curtis was initially charged in Federal Court, we are confident that he committed no crime,” she wrote.

Lawyers representing McKee shared a statement with local media saying they expected he would plead not guilty.

McKee is facing additional charges of endangering the welfare of a child.

Survivors and relatives of those killed said McKee told passengers not to don life-jackets at the start of trip, which prosecutors said on Friday went against his training. Lanham and Baltzell failed to properly share news of the approaching storm and call off the trip, prosecutors said.

Ripley Entertainment, the company that operated the Ride the Duck boats, settled 31 lawsuits over the accident for undisclosed amounts, according to news reports.

(Reporting by Jonathan Allen; Editing by Sonya Hepinstall)

 

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https://www.marinelink.com/news/three-charged-manslaughter-deadly-489249


“I’ve seen grown men cry,” says Captain Tejinder Singh, who hasn’t set foot on dry land in more than seven months and isn’t sure when he’ll go home.

“We are forgotten and taken for granted,” he says of the plight facing tens of thousands of seafarers like him, stranded at sea as the Delta variant of the coronavirus wreaks havoc on shore.

“People don’t know how their supermarkets are stocked up.”

Singh and most of his 20-strong crew have criss-crossed the globe on an exhausting odyssey: from India to the United States then on to China, where they were stuck off the congested coast for weeks waiting to unload cargo. He was speaking to Reuters from the Pacific Ocean as his ship now heads to Australia.

They are among about 100,000 seafarers stranded at sea beyond their regular stints of typically 3-9 months, according to the International Chamber of Shipping (ICS), many without even a day’s break on land. Another 100,000 are stuck on shore, unable to board the ships they need to earn a living on.

The Delta variant devastating parts of Asia – home to many of the world’s 1.7 million commercial seafarers – has prompted many nations to cut off land access to visiting crews, in some cases even for medical treatment. Just 2.5% of seafarers – one in every 40 – have been vaccinated, the ICS estimates.

The United Nations describes the situation as a humanitarian crisis at sea and says governments should class seafarers as essential workers. Given ships transport around 90% of the world’s trade, the deepening crisis also poses a major threat to the supply chains we rely on for everything from oil and iron to food and electronics.

Bulk carrier master Singh, from northern India, is not optimistic of going ashore anytime soon; his last stint at sea lasted 11 months. He said his crew of Indians and Filipinos were living out of cabins measuring about 15ft by 6ft.

“Being at sea for a very long time is tough,” he says, adding that he had heard reports of seafarers killing themselves on other ships.

“The most difficult question to answer is when kids ask, ‘Papa when you are coming home?’,” he said from his vessel, which was recently carrying coal.

India and the Philippines, both reeling from vicious waves of COVID-19, account for more than a third of the world’s commercial seafarers, said Guy Platten, secretary general of the ICS, which represents over 80% of the world’s merchant fleet.

“We are seriously disturbed that a second global crew change crisis is looming large on the horizon,” he told Reuters, referring to a months-long stretch in 2020 when 200,000 seafarers on ships were unable to be relieved.

PEOPLE ARE DESPERATE

In a snapshot of the situation, this month almost 9% of merchant sailors have been stuck aboard their ships beyond their contracts’ expiry, up from just over 7% in May, according to data compiled by the Global Maritime Forum non-profit group from 10 ship managers together responsible for over 90,000 seafarers.

The maximum allowed contract length is 11 months, as stipulated by a U.N. seafaring convention.

In normal times, around 50,000 seafarers rotate on and 50,000 rotate off ships per month on average but the numbers are now a fraction of that, according to industry players, though there are no precise figures.

The new crew crisis stems from restrictions imposed by major maritime nations across Asia including South Korea, Taiwan and China, which are home to many of the world’s busiest container ports. Requirements range from mandatory testing for crews who come from or have visited certain countries, to outright bans on crew changes and berthing operations.

“Asia really is struggling and the only countries you can go about routine crew changes to some extent are Japan and Singapore,” said Rajesh Unni, chief executive of Synergy Marine Group, a leading ship manager responsible for 14,000 seafarers.

“The issue is that we have one set of people who desperately want to go home because they have finished their tenure, and another set of people onshore that are desperate to get back onboard to earn a living.”

GLOBAL BRANDS, BEWARE

The crisis has led to almost half of commercial seafarers either considering leaving the industry or being unsure whether they would stay or go, according to a survey by the International Transport Workers’ Federation (ITF) in March.

This suggests a looming labor crunch that would strain the world’s 50,000-strong merchant shipping fleet and threaten the integrity of global supply chains.

A shortage of container ships carrying consumer products and logjams at ports around the world are already rippling through the retail industry, which has seen freight rates spike to record levels, driving up prices for goods.

“You don’t have enough crew anyway. The shipping industry was working on a very lean model,” said Mark O’Neil, CEO of leading ship manager Columbia Shipmanagement and also president of the international association for ship and crew managers.

“But now we have all of these problems and we have a large number of seafarers taken out of that available crewing pool,” he said, adding that the result could be vessels unable to sail.

Stephen Cotton, general secretary of the ITF, said seafarers were being pushed to their physical and mental limits.

“Some in the industry estimate that as many as 25% fewer seafarers are joining vessels than pre-pandemic,” he added. “We have warned that global brands need to be ready for the moment some of these tired and fatigued people finally snap.”

SHOTS FOR SEAFARERS

While COVID-19 infections in India have retreated from their peak, countries like Bangladesh, Vietnam and Indonesia are grappling surging cases and imposing new lockdowns.

“If it gets worse, which it could well do, or if Myanmar, Vietnam, Indonesia, Ukraine – other crewing centers – experience the same problem, then the wheels would really come off,” O’Neil added.

The gravity of the assessment was echoed by Esben Poulsson, chairman of the board of the ICS.

“In my 50 years in the maritime industry, the crew change crisis has been unprecedented in the devastating impact it has had on seafarers around the world,” he told his board in June.

Most seafarers come from developing nations that have struggled to secure adequate vaccination supplies, leaving many in the maritime industry low on the priority list.

Governments with significant access to vaccines have a “moral responsibility” towards seafarers, said the ICS’s Platten.

“They must follow the lead of the U.S. and the Netherlands and vaccinate non-native crews delivering goods to their ports. They must prioritize seafarer vaccination,” he added.

A total of 55 member countries of the U.N. shipping agency, the International Maritime Organization (IMO), have classed seafarers as essential workers, said David Hammond, chief executive of the charitable organization Human Rights at Sea.

This would allow them to travel more freely and return to their homes, and give them better access to vaccines.

“But what about the other 119 member states and associate members?” asked Hammond. “Collectively, the global shipping industry is part of a $14 trillion maritime supply chain that cannot seemingly look after its 1.7 million seafarers.”

(Reporting by Jonathan Saul in LONDON, Roslan Khasawneh in SINGAPORE, Muyu Xu in BEIJING, Mayank Bhardwaj in NEW DELHI and Enrico Dela Cruz in MANILA; Editing by Pravin Char)

 

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https://www.marinelink.com/news/stranded-shattered-seafarers-threaten-489287


South Korea’s military has recorded in biggest cluster of COVID-19 infections to date, with more than 80% of personnel aboard a destroyer on anti-piracy patrol in the Gulf of Aden testing positive.

While the 247 cases are not directly linked to new domestic infections, with the destroyer having left South Korea to start its mission in February, the surge comes as the country battles its worst-ever outbreak of COVID-19 cases at home, with another 1,252 new infections reported for Sunday.

The country’s Joint Chiefs of Staff said on Monday that just 50 of the ship’s complement of 301 personnel have tested negative in an outbreak first reported on July 15. Authorities have begun an operation to airlift them home, while a replacement team will steer the vessel back home. read more

Sunday’s number meant new cases in South Korea, which has so far fared better than many industrialized nations in case numbers and deaths, have topped 1,100 a day for nearly two weeks in an outbreak stoked by a surge in highly transmissible Delta variant cases.

So far, South Korea has recorded 179,203 cases and 2,058 deaths. Some 31.4% of its 52 million population has received at least one dose of vaccine, while 12.7% have been fully vaccinated.

Helped largely by vaccinations of the elderly and the vulnerable, the latest surge in case numbers has yet to be accompanied by a significant increase in hospitalizations or deaths, with a mortality rate of 1.15% and the number of severe cases at 185 as of Sunday.

Citing military sources, Yonhap news agency reported none of the affected personnel aboard the destroyer were classified as severe cases, though one person has developed conditions that require close observation.

The defense ministry had said no one aboard the destroyer had been vaccinated as the unit had left the country in February, before a vaccination campaign began for military personnel.

(Reporting by Sangmi Cha; Editing by Kenneth Maxwell)

 

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https://www.marinelink.com/news/covid-s-koreas-antipiracy-ship-off-africa-489255


Japanese steelmaker JFE Steel has signed long-charters shipping firms NYK Line, Kawasaki Kisen Kaisha and Mitsui O.S.K. Lines to charter three 210,000-ton LNG-fueled bulk carriers for transporting iron ore and coal from overseas locations to JFE Steel’s steelworks in Japan.

JFE Steel said the charters would make it the first company in Japan to deploy LNG-fueled ships in the 210,000-ton class, and said the move would help it cut emissions.

The ships, which have been designed by Nihon Shipyard and will be built by Japan Marine United and Imabari Shipbuilding, are scheduled to be completed successively from the beginning of 2024.

Each ship will have an overall length of less than 300m, a beam of up to 50m, freeboard of up to 25m, and draft of up to 18.4m. The maximum gross tonnage will be 110,800 tons and the maximum deadweight capacity will be 210,000 tons. JFE Steel did not share the financial details.

“JFE Steel’s shift to LNG-powered transportation will support global efforts to create a more carbon-neutral world by reducing greenhouse gas emissions generated during international shipping. Using LNG instead of conventional heavy-oil fuels can reduce emissions of carbon dioxide by around 25-30%, sulfur oxides by roughly 100%, and nitrous oxides by around 85%,” the company said.

JFE Steel, which has plans to become carbon neutral by 2050, also said it would consider using zero-emission ships powered by other eco-friendly fuels such as ammonia and carbon-recycling methane.

In a separate statement, NYK Line shared more info on the vessel it will lease to JFE Steel.

The vessel will be the first LNG-fueled capesize bulk carrier to be built by NYK, and will be equipped with a WinGD-made dual-fuel slow-speed diesel engine and compliant with IMO’s NOx (nitrogen oxide) emission regulations (Tier III)

“This ship will emit approximately no sulfur oxides (SOx), 85% less NOx, and 25-30% less carbon dioxide (CO2) compared to conventional heavy oil-fueled vessels,” NYK Line said.

 

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https://www.marinelink.com/news/japanese-steelmaker-charter-three-dwt-489301


“I’ve seen grown men cry,” says Captain Tejinder Singh, who hasn’t set foot on dry land in more than seven months and isn’t sure when he’ll go home.

“We are forgotten and taken for granted,” he says of the plight facing tens of thousands of seafarers like him, stranded at sea as the Delta variant of the coronavirus wreaks havoc on shore.

“People don’t know how their supermarkets are stocked up.”

Singh and most of his 20-strong crew have criss-crossed the globe on an exhausting odyssey: from India to the United States then on to China, where they were stuck off the congested coast for weeks waiting to unload cargo. He was speaking to Reuters from the Pacific Ocean as his ship now heads to Australia.

They are among about 100,000 seafarers stranded at sea beyond their regular stints of typically 3-9 months, according to the International Chamber of Shipping (ICS), many without even a day’s break on land. Another 100,000 are stuck on shore, unable to board the ships they need to earn a living on.

The Delta variant devastating parts of Asia – home to many of the world’s 1.7 million commercial seafarers – has prompted many nations to cut off land access to visiting crews, in some cases even for medical treatment. Just 2.5% of seafarers – one in every 40 – have been vaccinated, the ICS estimates.

The United Nations describes the situation as a humanitarian crisis at sea and says governments should class seafarers as essential workers. Given ships transport around 90% of the world’s trade, the deepening crisis also poses a major threat to the supply chains we rely on for everything from oil and iron to food and electronics.

Bulk carrier master Singh, from northern India, is not optimistic of going ashore anytime soon; his last stint at sea lasted 11 months. He said his crew of Indians and Filipinos were living out of cabins measuring about 15ft by 6ft.

“Being at sea for a very long time is tough,” he says, adding that he had heard reports of seafarers killing themselves on other ships.

“The most difficult question to answer is when kids ask, ‘Papa when you are coming home?’,” he said from his vessel, which was recently carrying coal.

India and the Philippines, both reeling from vicious waves of COVID-19, account for more than a third of the world’s commercial seafarers, said Guy Platten, secretary general of the ICS, which represents over 80% of the world’s merchant fleet.

“We are seriously disturbed that a second global crew change crisis is looming large on the horizon,” he told Reuters, referring to a months-long stretch in 2020 when 200,000 seafarers on ships were unable to be relieved.

Desperation Sets In

In a snapshot of the situation, this month almost 9% of merchant sailors have been stuck aboard their ships beyond their contracts’ expiry, up from just over 7% in May, according to data compiled by the Global Maritime Forum non-profit group from 10 ship managers together responsible for over 90,000 seafarers.

The maximum allowed contract length is 11 months, as stipulated by a U.N. seafaring convention.

In normal times, around 50,000 seafarers rotate on and 50,000 rotate off ships per month on average but the numbers are now a fraction of that, according to industry players, though there are no precise figures.

The new crew crisis stems from restrictions imposed by major maritime nations across Asia including South Korea, Taiwan and China, which are home to many of the world’s busiest container ports. Requirements range from mandatory testing for crews who come from or have visited certain countries, to outright bans on crew changes and berthing operations.

“Asia really is struggling and the only countries you can go about routine crew changes to some extent are Japan and Singapore,” said Rajesh Unni, chief executive of Synergy Marine Group, a leading ship manager responsible for 14,000 seafarers.

“The issue is that we have one set of people who desperately want to go home because they have finished their tenure, and another set of people onshore that are desperate to get back onboard to earn a living.”

Global Brands Beware

The crisis has led to almost half of commercial seafarers either considering leaving the industry or being unsure whether they would stay or go, according to a survey by the International Transport Workers’ Federation (ITF) in March.

This suggests a looming labour crunch that would strain the world’s 50,000-strong merchant shipping fleet and threaten the integrity of global supply chains.

A shortage of container ships carrying consumer products and logjams at ports around the world are already rippling through the retail industry, which has seen freight rates spike to record levels, driving up prices for goods.

“You don’t have enough crew anyway. The shipping industry was working on a very lean model,” said Mark O’Neil, CEO of leading ship manager Columbia Shipmanagement and also president of the international association for ship and crew managers.

“But now we have all of these problems and we have a large number of seafarers taken out of that available crewing pool,” he said, adding that the result could be vessels unable to sail.

Stephen Cotton, general secretary of the ITF, said seafarers were being pushed to their physical and mental limits.

“Some in the industry estimate that as many as 25% fewer seafarers are joining vessels than pre-pandemic,” he added. “We have warned that global brands need to be ready for the moment some of these tired and fatigued people finally snap.”

Shots for Seafarers

While COVID-19 infections in India have retreated from their peak, countries like Bangladesh, Vietnam and Indonesia are grappling surging cases and imposing new lockdowns.

“If it gets worse, which it could well do, or if Myanmar, Vietnam, Indonesia, Ukraine – other crewing centres – experience the same problem, then the wheels would really come off,” O’Neil added.

The gravity of the assessment was echoed by Esben Poulsson, chairman of the board of the ICS.

“In my 50 years in the maritime industry, the crew change crisis has been unprecedented in the devastating impact it has had on seafarers around the world,” he told his board in June.

Most seafarers come from developing nations that have struggled to secure adequate vaccination supplies, leaving many in the maritime industry low on the priority list.

Governments with significant access to vaccines have a “moral responsibility” towards seafarers, said the ICS’s Platten.

“They must follow the lead of the U.S. and the Netherlands and vaccinate non-native crews delivering goods to their ports. They must prioritise seafarer vaccination,” he added.

A total of 55 member countries of the U.N. shipping agency, the International Maritime Organization (IMO), have classed seafarers as essential workers, said David Hammond, chief executive of the charitable organization Human Rights at Sea.

The IMO said the latest figures showed the numbers had risen to 60 member countries and two associate members.

This classification would allow seafarers to travel more freely and return to their homes, and give them better access to vaccines.

Hammond called on all other nations to follow suit.

“Collectively, the global shipping industry is part of a $14 trillion maritime supply chain that cannot seemingly look after its 1.7 million seafarers,” he added.

(Reuters reporting by Jonathan Saul in LONDON, Roslan Khasawneh in SINGAPORE, Muyu Xu in BEIJING, Mayank Bhardwaj in NEW DELHI and Enrico Dela Cruz in MANILA; Editing by Pravin Char)

 

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https://www.marinelink.com/news/sos-stranded-shattered-seafarers-threaten-489315


Fure Viten, Swedish shipowner Furetank’s LNG-powered tanker, has completed a bunkering operation in Malaysia as part of its maiden voyage from China to Europe.

LNG-fueled Fure Viten completes bunkering operation
Courtesy of Titan LNG

Titan LNG and Petronas supplied Furetank Rederi’s new tanker on 15 July in the port of Pasir Guadang, Malaysia.

Petronas-chartered Avenir Advantage bunkered the 17,999 deadweight tonnage LNG-powered tanker.

The parcel was purchased by Titan LNG.

 

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LNG-fueled Fure Viten completes bunkering operation


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