RIYADH: Saudi Arabia’s Cabinet has approved a cooperation agreement between the government and Iraq in the field of maritime transport, Saudi Press Agency reported.

At Tuesday’s meeting, the council of ministers also approved a protocol to amend and extend the agreement concluded between Saudi and US governments regarding cooperation in the field of science and technology.

With regards to domestic matters, the council affirmed the state’s commitment to take measures to control the abundance of products and price levels and prevent monopolistic practices.

This commitment is in addition to the SR20 billion ($5 billion) financial support that was allocated at the beginning of this month through a royal order issued by King Salman.

Source: https://www.arabnews.com/


Abu Dhabi National Oil Company’s logistics and services subsidiary Adnoc L&S has bought Zakher Marine International (ZMI), an Abu Dhabi-based company that owns and operates offshore support vessels, to expand its fleet.

Upon completion of the transaction, which is subject to customary regulatory approvals, Adnoc L&S will add 24 jack-up barges and 38 offshore support vessels from ZMI, boosting its fleet size to more than 300 units, the company said on Tuesday. Financial details of the transaction were not provided.

“With the acquisition of ZMI, Adnoc L&S will broaden its services to include critical support assets for offshore operations, including ZMI’s maiden offshore renewables project in China, and extend its regional footprint, creating new opportunities for expansion with an industry-recognised partner,” Adnoc said in a statement.

ZMI is the world’s largest owner and operator of self-propelled jack-up barges and has operations in the UAE, Saudi Arabia, Qatar and China. The group was established in Abu Dhabi in 1984 and has significantly grown its diverse fleet range supporting the regional and global offshore oil and gas and renewable markets.

The company has long-term contracts with top national and international oil companies and EPC operators and has recently entered the offshore wind farm market in China to diversify its customer base, the statement said.

Adnoc L&S has the largest and most diversified fleet in the Middle East, with more than 200 vessels transporting crude oil, refined products, dry bulk, containerised cargo, liquefied petroleum gas and liquefied natural gas to global markets. Last month, it said it had bought three new LNG vessels to expand its fleet to meet the higher demand globally.

The transaction with ZMI “unlocks new revenue streams, market access, and supports growth opportunities for Adnoc L&S in its core energy and offshore logistics segments”, Adnoc said.

ZMI will continue operating as a stand-alone entity under Adnoc L&S with Ali Hassan Ali as its chief executive, the statement said.

The development comes as Adnoc plans to significantly increase its investment in hydrocarbons and raise its output capacity to five million barrels per day by 2030.

Last year, Adnoc’s board approved plans to spend Dh466 billion ($126.8bn) between 2022 and 2026 on expanding its upstream production capacity and downstream portfolio, as well as its low-carbon fuels business and clean energy ambitions.

Source:
www.thenationalnews.com

THE Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigeria Liquefied Natural Gas, NLNG, have agreed to set up a working committee to pursue common interest in the maritime sector.

Speaking during a courtesy visit by the Management of the NLNG led by the Managing Director, Dr Philip Mshelbila, to NIMASA, the Director General of NIMASA, Dr Bashir Jamoh, noted that a better working relationship between the two organisations would greatly enhance activities in the maritime sector of the economy.

He assured the NLNG Management that NIMASA would extend the already existing working relationship the Agency has with the NLNG Ship Management Limited (NSML) to the parent body, while also urging NLNG to consider the Nigerian Flag as first option for her vessels.

According to him, “This is a new beginning; our focus should be what is best for Nigeria and not just for the NLNG or NIMASA”

While commending the NLNG for providing platforms for Sea Time to train Nigerian Seafarers, Jamoh noted that the Agency is committed to attaining best global practice, so that certificates issued by Nigeria will be recognized globally.

Also speaking Mshelbila stated that the NLNG is ready to partner NIMASA to enhance safety and security of lives and assets in the Nigerian maritime domain. He noted that they are on the same page with NIMASA in terms of capacity development and the quest to ensure Nigeria attains internationally acceptable standards in her operations in the maritime sector.

“We at NLNG have realized  that for us to fulfill one of our key vision elements,  which is helping to build a better Nigeria, it is important for us to work with all our stakeholders including NIMASA. We are aware that NIMASA and our subsidiary, NMSL are working hand in hand for the progress of this country and we desire that same spirit of partnership and collaboration should be extended to the NLNG”.

Source: https://www.vanguardngr.com/2022/07/nimasa-nlng-set-to-strengthen-collaboration-in-maritime-sector/


S.M.C. is a well-established newbuilding and conversion technical consultant and project manager that has extensive experience working in the Chinese shipbuilding sector. Having supervised a diverse portfolio of vessels from container ships and tankers to gas carriers, DF vessels and passenger ships, the company has now expanded its services to offshore wind projects in China.

Vessels with ”greener” Footprint to support Offshore Wind Activity in China

At the start of 2022, Shanghai Electric Wind Power (Group) Corporation awarded S.M.C. with a plan approval and site supervision contract for two SOVs that will be purpose designed and built for the Chinese offshore wind industry. The vessels are scheduled for delivery in the fourth quarter of 2023 and the first quarter of 2024.

S.M.C. will be working closely with Shanghai Electric – a leading provider of offshore wind turbines in China, Ulstein – a leading designer of SOV units and ZPMC – the builder awarded construction contract. Equipped with hybrid diesel-electric propulsion system that comes with a Battery Energy Storage System installed in addition to very high safety and comfort features, the vessels will improve the efficiency of service operations at Chinese offshore wind farms while reducing their carbon footprint.

In addition to the SOV project, S.M.C. was appointed to carry out plan approval and supervise the construction of a 1,600 tons crane wind turbine installation vessel in China in the beginning of 2022. Set to be jointly classed by the China Classification Society and Bureau Veritas, the self-elevating wind power installation platform is equipped with diesel-electric propulsion system with six diesel generators feeding three azimuth thrusters and two tunnel type bow thrusters. This is in line with efforts by the renewable energy industry to manage its environmental impact. Scheduled for completion by mid 2023, the vessel is capable of installing 20 MW wind turbines at up to 70 m maximum depth of water. The platform, which is independently developed, designed and built in China, is also capable of assembling wind hubs and blades on the main deck.

Global Newbuilding Expertise – deep local Knowledge

Krzysztof Kozdron, Managing Director of S.M.C. says: “These new projects will help us deepen our understanding of the operational and geographical requirements of the Chinese offshore wind market. While this is not our first foray into the market, we look forward to the close technical cooperation with our local and international design and shipyard partners to ensure smooth and successful completion of the projects. We want to use our global experience to support our Chinese clients in meeting the growing demand for renewable energy and a more sustainable future.”

As part of China’s national strategy to develop non-fossil-fuel energy sources, various provincial governments have identified large-scale wind and solar projects as key engines for the development of renewable energy. In 2021, China overtook the UK to become the world’s largest operator of installed offshore wind capacity.

Source: https://www.bs-shipmanagement.com/media-centre/bsm-highlights/schulte-marine-concept-gains-foothold-in-chinese-offshore-wind-market/


Safetytech Accelerator, launched by Lloyd’s Register, has selected three companies to join its Waypoint 3: Maritime Risk start-up programme, with ShipIn Systems, eyeGauge and Alicia Bots chosen from the more than 100 applicants.

Waypoint 3 is the third iteration of the Safetytech Accelerator programme, launched in February 2022 to work with technology companies focused on tackling major challenges in maritime risk. The initiative exclusively supports high tech start-ups aiming to secure paid pilot projects in the industry.

More than 100 companies applied, of which 22 were approached for further evaluation. Five finalists were invited to pitch in front of a judging panel made up of executives from Lloyd’s Register and Safetytech Accelerator, who made their selection based on three main criteria: commercial readiness, innovation and the potential impact they could make in maritime risk.

ShipIn’s Fleetvision Platform uses visual analytics and AI to improve ship-to-shore collaboration for maritime fleets by alerting shipowners, managers and seafarers to onboard events in real-time.

“The sharing of real-time operational data between ship and shore is one of the latest tech developments that will help deliver a safer and lower risk marine professional environment,” said Osher Perry, Co-Founder and CEO of Shipin.

“We are thrilled to be working with like-minded tech and maritime experts who share our passion for making safer shipping operationally and commercially attractive and look forward to fast-tracking our significant growth plans.”

eyeGauge offers a non-invasive ship digitalisation system that provides tools to support decision making in fleet operations, to improve emissions reduction and environmental compliance.

“Many challenges of maritime transportation like decarbonisation, safety risks, lack of transparency and others can be addressed with digital solutions. But this industry is adopting digital transformation very slowly,” said Rodion Denisyuk, eyeGauge CEO.

“It is very difficult for tech start-ups to navigate this environment and deliver the message to decision-makers. Therefore, we are very pleased and honoured to be selected by the SafetyTech accelerator to get help and support from high-profile mentors and reputable industry partners.”

Alicia Bots offers multipurpose robots designed for accomplishing high risk maritime tasks, such as hull cleaning and inspections.

“The endorsement by Safetytech Acclerator is a validation that the shipping industry is adapting to new technologies which embrace safety and efficiency. Alicia Bots provides proactive hull cleaning and inspections robots, which operate autonomously and are deployed by ship’s crew providing hull cleaning robots as a service,” said Inder Mukhopadhyay, CEO at Alicia Bots.

Between July and October, the Safetytech Accelerator team will work with the three companies to develop opportunities to pilot their technologies, as well as offering funding to support those pilot projects.

“The standard of Waypoint entries were high this year, however eyeGauge, Alicia Bots and ShipIn Systems stood out as excellent contenders for our programme. We believe they have the potential to make a positive impact in reducing risk and increasing safety in the maritime industry,” said Nadia Echchihab, Safetytech Accelerator Head of Innovation Programmes.

“We look forward to working together over the coming months, boosting their value propositions, and supporting them in generating new business opportunities.”

Source: https://smartmaritimenetwork.com/2022/07/27/safetytech-accelerator-selects-shipin-systems-eyegauge-and-alicia-bots/


“We all know that about 90% of the world’s trade is carried by the international shipping industry. Without shipping, half the world would starve and the other half would freeze!” said Koji Sekimiza, former secretary-general of the International Maritime Organization.

In order to continue maintaining Singapore’s position as a global port hub and a premier international maritime centre, there is a need to establish a highly skilled and specialized workforce.

Diploma courses for post-secondary students

The Singapore Maritime Academy (SMA), located in Singapore Polytechnic, offers a wide array of courses for both students and working professionals.

For the post-secondary students, SMA offers courses targeting the business and engineering aspects of the industry.  The Diploma in Maritime Business is a three-year program that offers a big picture on the shipping business activities as well as logistic-related aspects of maritime.  According to SMA, graduates are highly sought after as junior executives in a plethora of organizations from ship owning to supply chain management.

As for the aspiring engineers, the Diploma in Marine Engineering is a three-year program covering various engineering disciplines such as mechanical, electrical and electronic, engineering design, and control technology that are required to make a ship an independent power plant. Students will have a comprehensive learning experience through hands-on training using engine simulators and ship design software, enrichment talks, ship visits and industry exposure.

The graduates of the Marine Engineering course can opt for a job at sea as an engineer or a shore-based job in the marine, service and oil industry.  As a engineer onboard a ship, the starting monthly salary is around S$3,000 and can go up to about S$10,000 for a chief engineer, the highest position for an engineer onboard a ship.

In any stage of their seafaring career, graduates can opt to pursue further studies to transition to a shore-based job.

The three-year Diploma in Nautical Studies program is a “direct fast track to becoming a ship’s captain”, according to SMA.  Aspiring captains would need to first undergo an eyesight test before going through an interview.  This double-award program gives graduates a diploma and the internationally recognized professional Class 3 Certificate of Competency (CoC) qualification that allows them to sail as a certified sea-going officer worldwide.

Graduates of the Nautical Studies program also have the choice of choosing between a sea or shore career path.  Graduates pursing a job on land may work as an executive in port, pilot, surveying and offshore services.

On the other hand, a junior officer on merchant or offshore and dynamic positioning vessels receives a starting monthly salary of around S$3,000, and the salary of a chief officer is about S$7,500.  The ship master, the head of the ship, receives around S$10,000.

Similar to that of the marine engineering graduates, officers may pursue further education in any stage of their seafaring journey to transition into a shore-based job such as middle management in shipping, port, pilot, surveying and off-shore services.

Ngee Ann Polytechnic’s (NP) Diploma in Marine and Offshore Technology is the only program in Singapore that covers both Naval Architecture and Offshore Engineering. Graduates in this three-year program will learn to design and build their own ship models and get to test them in Singapore’s only towing tank located in NP’s campus throughout the three years of education.

The integrated real-world projects will give graduates an edge in creating innovative solutions for using clean energy, developing new materials and processes, as well as designing and building marine vessels and offshore structures.

Graduates can pursue a career in the design, marketing, commerce, survey, production, safety, human resource, and research and development areas of the marine and offshore industries. They can look forward to roles such as assistant design engineer, assistant production engineer and quality control engineer.

Maritime Studies degrees

Nanyang Technological University’s (NTU) Bachelor of Science in Maritime Studies is the only maritime business degree program in Singapore.  The four-year program primarily focuses on shipping business and management. Courses include Marine Insurance, Shipping and the Environment, Shipping Economics, Maritime Law, Maritime Technology, Ship Chartering, Maritime Strategy and Shipping Logistics to equip graduates with knowledge for shipping and maritime related sectors.

In addition to the degree, students can enrol in second majors such as in Business or Data Analytics to broaden their horizon and equip themselves with additional proficiencies.  The specialization in International Trading is also offered as part of the degree program to provide graduates with enhanced career opportunities in global commodity trading.

The Bachelor of Engineering with Honours in Marine Engineering/Naval Architecture/Offshore Engineering is a three-year direct honours degree program jointly offered by Singapore Institute of Technology (SIT) and Newcastle University.

Naval Architecture and Offshore Engineering students will learn about the engineering behind the design, structure, operation and management of ships and other large floating structures. Marine Engineering students will be exposed to marine engineering systems, from the main propulsion engines to auxiliary machineries like power generators, pumps, heat exchangers and other machinery within water, air and hydraulic systems.

Graduates can look forward to working in, but not limited to, Maritime Port Authority, shipping companies, shipbuilding and rig building yards, Republic of Singapore Navy, manufacturers or suppliers, ship brokering and chartering companies, marine and offshore original equipment manufacturers, statutory boards, consultancy and design companies, renewable energy companies, classification societies as well as oil and gas companies

The Maritime Business and Operations Track degree offered by Singapore Management University (SMU) is designed to provide graduates with understanding of the maritime business covering the economic, legal and managerial environment, as well as the operations of their organizations up and down the maritime and trade value chain.

Graduates will acquire knowledge in different business, operational, and management aspects such as port-focal logistics and maritime operations, shipping business, logistics and transportation and business analytics.

In addition, graduates are required to take up non-credit classes conducted by industry practitioners that range from tanker chartering and ship brokering to applications of data analytics and how robotics and automation are applied in the maritime sector.

Post-graduate courses

The Diploma (Conversion) in Maritime Business Management by SMA is a one-year part-time course that is designed to equip non-maritime graduates with the knowledge and skills in shipping operations and logistics/offshore management so that they can join the industry as senior executives/junior managers and perform their jobs with a greater level of competence and understanding.

This course is suitable for shipping, logistics and offshore executives, currently working in the industry but do not possess maritime qualifications or relevant sea-going experience. The course is also for nautical/engineering seafaring junior officers who may be keen to supplement their technical skills with commercial and operational knowledge to prepare them for a shore-based career.

Additionally, professionals in other relevant fields who are keen to switch to a career in the maritime industry can take up this course.

The Specialist Diploma in Maritime Superintendency is a one-year part-time course administered by SMA offers a comprehensive training to those who are seeking to attain the relevant knowledge and technical skills to plan, direct and coordinate the marine and technical operation from shore.

At the end of the course, graduates will acquire a sound understanding of the roles and responsibilities of a maritime superintendent to ensure safe, economic and efficient operation of the ships and offshore vessels. They will also be able to manage and operate vessels in accordance with organization policies, operating procedures and management systems.

The Diploma in Maritime and Offshore Management also by SMA is a one-year program for participants who do not possess maritime qualification to take up a career in the maritime and offshore industry.

The course is suitable for ambitious seagoing junior officers to gain more qualifications, and those currently working in non-maritime fields and would like to switch to a career in the maritime and offshore industry. It is also applicable for shipping, logistics and offshore executives currently working in the maritime industry but do not possess maritime qualifications or relevant seagoing experience.

The Master of Science in Maritime Studies in NTU provides young graduates and middle-management executives working in maritime related areas an avenue for higher education. Full-time study will take one to three years while part-time study takes two to four years.

Graduates will gain knowledge and tools to elevate from local business management to global settings. Overall, this program will uplift the local business practice and knowledge to a higher echelon in the international shipping scene, associated with business management, international shipping finance, chartering, and other related issues.

The Master of Science (Maritime Technology & Management) by National University of Singapore (NUS) is a program jointly hosted by the Department of Industrial Systems Engineering and Management (ISEM) and the Centre for Maritime Studies (CMS). Full-time study takes one year while part-time takes two years.

The program seeks to train and equip graduates with key skillsets to enable next-generation port capabilities in Singapore, such as industrial systems development, big data analytics tools, and emerging port technologies.

Source: https://maritimefairtrade.org/top-maritime-courses-singapore/


Motivated and highly qualified sea personnel are the backbone of Bernhard Schulte Shipmanagement (BSM). The HR Marine department is working hard to steadily expand the company’s pool of skilled seafarers and thus ensure the safe and efficient operation of the growing fleet under BSM crew management. An important component of the recruitment and qualification strategy is the company’s wholly owned training centres, which must be constantly adapted to meet new industry requirements and technological developments.

The latest development in BSM’s Maritime Training Centres is the relocation of the previous MTC in Mumbai to Kochi in the southern Indian state of Kerala where it has expanded its footprint approximately fivefold to 24,000 square feet. The new MTC is equipped with modern classrooms facilitating online and offline training. The facilities are supported by the latest technology including fully immersive simulators for bridge, engine, LNG, LPG, chemical, electrical and cargo handling. It also features a fully equipped mechanical workshop, slinging and lifting training facilities, together with a galley and external mooring station. This enables BSM to deliver foundation and ongoing skills improvement programmes for its new and existing seafarers.

The external mooring station is 5,000 square feet, almost the same size of the whole MTC in its former Mumbai location. It brings seafarer training to life through an external promenade with a practical training area that replicates an actual vessel’s mooring deck with all on-board equipment to deliver a range of maritime-focused training.

Source: https://www.bs-shipmanagement.com/media-centre/bsm-highlights/new-mtc-kochi-incorporating-smart-technologies-into-seafarer-training/


Ship owners have kept on contracting newbuildings and secondhand vessels, opting for larger tonnage. In its latest weekly report, shipbroker Allied Shipbroking said that “things in the newbuilding market continued on a relatively fair mode for yet another week, given the modest number of fresh projects being pushed forward. In the separate sectors and specifically in the dry bulk one, we saw activity being skewed towards the bigger size segments. Given the recent trends from the side of freight earnings though, this may as well have come as a slight surprise. Moreover, as freight markets appear more volatile as of late, we can expect periodical volatile in new ordering activity as well, especially as we also approach the peak of the summer period. In the tanker market, we witnessed some sort of movement, more towards the MR size segment. On the other hand, as the incremental recovery resumes in terms of freight returns, we can expect more capital being pushed towards this direction. In other sectors, we noticed a single order for up to 3 smaller teu container units”.

 

Source: Allied Shipbroking

In a similar note, shipbroker Banchero Costa added that “activity was quiet last week on tanker and container segment with only some marginal business being concluded. A domestic order was given to CSC Taiwan for a 50.000 dwt MR tanker from local Owner CPC Corporation, no price emerged and delivery end 2024. Korean Owners HMM selected Hyundai Mipo for a fir 3 x 1800 teu container feeder ordered at price of about USD 35.5 mln each. Gas sector’s orderbook continues is escalation, this time Daewoo filling up the columns with an order of 4 x 174.000 cmb divided by Japanese Owners Iino Kaiun and Meiji Kaiun; late deliveries are reported well into 2026 and 2027, no price reported.

Source: banchero costa &c s.p.a

In the drybulk sector it was interesting to notice a fresh order for capesizes at Namura for 2 x 180.000 dwt vessels placed by Foremost, for delivery end 2024 and mid 2025 respectively. We understand the contract is backed by long TC to NYK”.

Meanwhile, in the S&P Market, Allied added that “on the dry bulk side, things in the SnP market moved on an uninspiring trajectory as of the past week, given the limited number of vessels changing hands. Thinking about the volatile shifts in freight market’s direction the past few weeks or so, coupled with the fact that we slowly entering the peak of the summer period, this trend of late came with little surprise. On the other hand, given the overall sentiment, we will continue seeing interesting deals being pushed forward. On the tanker side, activity was sustained on a good momentum for yet another week, with numerous transactions appearing in the market as of late. For yet another week though, this was partly due to a vivid MR market and more specifically due to a couple en bloc deals. All-in-all, given that we continue seeing improved market conditions and sentiment, we can expect buying appetite moving accordingly as well in the near term”.

Source: Allied Shipbroking

Banchero Costa added that “in the dry bulk sector, after offers were invited on the 14th of July, Chinese controlled Ultramax Dayang Confidence abt 63k blt 2017 Yangzhou Dayang has been sold at USD 30 mill. Last week Soho Mandate abvt 60k blt 2016 DACKS was done at USD 31 mln. COSCO controlled Supramax Shun Xin abt 57k blt 2010 COSCO Zhoushan (SS due 2025; BWTS fitted) has been sold at USD 16.8 mln. In the tanker sector, activity was focused in large crude carriers. Suezmax Dolviken abt 160k blt 2012 Samsung (SS/DD passed) was purchased by c of Advantage Tanker at USD 42.5 mln. Furthermore 4x Aframaxes changed hands during the week.

Source: banchero costa &c s.p.a

Elandra Angel abt 115k btl 2009 Samsung (DD passed) at USD 33 mln. Nicholas abt 115k blt 2007 Sasebo at USD 27.7 mln to Chinese buyer. Blue Pride abt 115k blt 2004 Daewoo at USD 23 mln basis prompt dely beginning of August and Songa Coral abt 107k blt 2005 Koyo at USD 25 mln. Two MRs were calling for offers earlier in the week Largo Sun abt 50 k blt 2016 SPP (BWTS fitted) which was sold to Greek buyers at USD 35 mln. Challenge Phoenix abt 48k blt 2007 STX which went always to Greeks at USD 18 mln. The GRAND 50k / 2008 SPP (BWTS fitted) reported sold for low USD 19 mln to Vietnamese Buyer. In comparison the SUNNY BAY 2008 sister was sold couple of weeks back at high USD 17 mln”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide


THE Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Bashir Jamoh, has said that the growth potential and high expectations of maritime stakeholders for the industry will only be realized through the development of a system of harmonized Port State Control inspection procedures for West and Central Africa.

He made the assertion while addressing Chief Executives of all Maritime Administrations signatory to the Abuja MoU at the International Maritime Organization, IMO, organized workshop on Port State Control for West and Central African Region.

The IMO partners the Memorandum of Understanding, Abuja MoU, in organizing the regional workshop for heads of maritime administrations in Lagos.

Jamoh, who was represented by the Agency’s Executive Director, Operations, Shehu Ahmed, identified the importance of effective Port State Control systems to the efficient running of member states’ Maritime Administrations.

According to him, “As we all know, Port State Control provisions are featured in the United Nations Convention on the Law of the Sea (UNCLOS) provision under the duties and responsibilities of Flag states, Coastal states and Port states and it is also highlighted under enforcement in all major IMO and some ILO conventions.

This function entails the enforcement of applicable conventions of the IMO and ILO that have been cascaded down to us as signatory states for domestication through our national laws.”

“It would interest you to know that NIMASA executes four legal instruments in keeping with our international obligations – The Merchant Shipping Act; the NIMASA Act; the Cabotage Act and the most recent being the SPOMO Act for the suppression of piracy and other maritime offences,” he added

While declaring NIMASA’s unflinching commitment to Abuja MoU in its focus for reduction of substandard ships, curbing marine pollution and ensuring good working conditions of crew members onboard ships within member states waters Jamoh urged 22 member countries of the Abuja Memorandum of Understanding on Port State Control (Abuja MoU) to improve on their financial contributions to the organisation

Also speaking at the event was the Permanent Secretary, Federal Ministry of Transportation, Magdalene Ajani, who represented the Vice Chairman of Abuja MoU and Minister of Transportation, Rotimi Amaechi, commended the organisers of the training/workshop for their commitment to developing the most critical resource of all, that being the human element.

On his part, the Secretary General of the Abuja MoU, Captain Sunday Umoren, identified the need for continuous capacity building and networking initiatives in order to gain the support of top maritime administrations, MARADS, thereby promoting productive working relationships which would in turn, benefit the maritime industries in member states as well as collectively.

Umoren, disclosed that only 14 countries are presently conducting inspections in the region, and called for a campaign for effective inspection regime with focus on Standards of Training, Certification and Watchkeeping, STCW. He said detentions are not the best parameters to measure port state control efficiency.

The Abuja MoU is one of the 9 Regional MoUs and 1 national MoU established pursuant to IMO Resolution A.682(17) of 1991. The organization operates under a Cooperative Agreement with the IMO and was established on 22nd October 1999 as an inter-governmental body comprising maritime administrations of countries abutting the Atlantic coast of Africa.

A I.


On 22 July, Russia and Ukraine signed an agreement with Turkey and the United Nations to allow grain exports from three ports in western Ukraine: Yuzhne, Chornomorsk, and Odesa. Combined, the three ports accounted for 65% of the country’s total grain exports over the past five years. Exports could, however, face several difficulties.

 

The deal is valid for 120 days, with an option to extend, and it allows bulkers to be escorted to the ports through a safe corridor. To create a navigable passage, the corridor will have its sea mines removed, a process that is expected to take one to two weeks.

Description automatically generated

“With this deal, the UN hopes to increase monthly grain exports from Ukraine by five million tonnes. However, since over the past five years, these three ports have not ever handled such a high amount of grain, meeting this target could prove to be a challenge,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. “Even if port logistics accelerate to expedite exports, the need to escort ships in and out of the ports is likely to cause some congestion.”

Over 20 million tonnes of Ukrainian grains are ready for export and the country’s grain traders union (UGA) expects around 25 million tonnes more to come from the 2022 harvest. With the wheat harvest underway and the maize harvest to start in September, a swift export of grain is needed to ensure space in silos for the new harvests. To accelerate exports the Danube ports, as well as land routes, will likely continue to play an important role in the shipment of Ukrainian grain in the short to medium term.

“A significant obstacle to Ukrainian grain exports will be the voyage risk and corresponding insurance premiums. For the shipping of Ukrainian grain to be attractive, high rates will be necessary to mitigate risk-related expenses,” says Rasmussen. “Russia’s recent missile strikes in ports such as Odesa will add to the insecurity and uncertainty of operating in the Black Sea.”

Due to limited global supply of wheat and maize, a return of Ukrainian grain to the global market would positively impact the Panamax, Supramax and Handysize segments. Additionally, the boost in Ukrainian exports would help combat inflation and food insecurity, particularly in emerging economies, and help bring needed stability to the global economy.
Source: BIMCO, By Chief Shipping Analyst, Neils Rasmussen


Company DETAILS

SHIP IP LTD
VAT:BG 202572176
Rakovski STR.145
Sofia,
Bulgaria
Phone ( +359) 24929284
E-mail: sales(at)shipip.com

ISO 9001:2015 CERTIFIED