News

New patrol boats were recently delivered to the Royal Thai Police and a law enforcement agency in Alabama. A new navy ship enters service with Saudi Arabia and construction starts on a logistical support vessel for Italy. The US Navy retires one of its oldest active amphibious ships but takes delivery of a newbuild surface combatant and places orders for additional floating assets for delivery within the next two decades.

Royal Thai Police welcomes new patrol boat into service

The Royal Thai Police recently took delivery of a new patrol boat built by local shipyard Seacrest Marine.

Chai Jinda measures 42 by 7.9 metres and is crewed by 22 personnel. Three MTU 16V2000 M86 engines drive fixed-pitch propellers to deliver a maximum speed of 35 knots and a patrol speed of 20 knots.

The boat also has a forward weapons mount for a 30-millimetre autocannon as well as a firefighting monitor.

Alabama’s Orange Beach Police takes delivery of patrol boat

Metal Shark Boats has delivered a new patrol boat to the Orange Beach Police Department in Alabama.

The all-weather-capable Marine 1 measures 38 feet (11.5 metres) long and is powered by three Mercury outboards. The electronics suite includes a radar and a rotating thermal camera.

Patrol boat pair handed over to Turkish Gendarmerie

The Gendarmerie General Command of Turkey has taken delivery of two new patrol boats built by local defence firm ASFAT.

The boats are the sixth and seventh in a series to be supplied to the gendarmerie. Each vessel has a length of 10.2 metres, a beam of 3.2 metres, a draught of 0.55 metres, and space for three crewmembers.

Two outboard engines will deliver speeds in excess of 35 knots.

Littoral combat ship Santa Barbara delivered to US Navy

Austal USA has handed over a new Independence-class littoral combat ship (LCS) to the US Navy.

The future USS Santa Barbara is the third US Navy ship to be named in honour of the city of Santa Barbara in California.

Three other Independence-class ships are currently under construction at Austal USA’s Mobile, Alabama facilities. The future USS Augusta was recently launched while final assembly is underway on the future USS Kingsville and modules for the future USS Pierre are under construction.

Saudi Arabia to commission second Al-Jubail-class frigate

*The Royal Saudi Naval Forces frigate* Al-Diriyah *during its launching and christening ceremony in Spain, November 14, 2020 (Photo: Navantia)*

The Royal Saudi Naval Forces will commission its newest frigate in a ceremony at the San Fernando facilities of Spanish shipbuilder Navantia on Tuesday, July 26.

Al-Diriyah is the second of a planned five Al-Jubail-class frigates being built by Navantia for Saudi Arabia. The frigates are variants of the Avante 2200 series.

The frigate has a length of 104 metres, a beam of 14 metres, space for 102 crew and other personnel, a speed of 27 knots, and an endurance of 21 days.

First steel cut for new Italian Navy support ship

Italian shipyard Fincantieri has cut the first steel for the second logistic support ship (LSS) in a series slated for the Italian Navy.

The vessel will have electric motors, low-emission generators, and biological waste control systems. Its secondary functions will include humanitarian assistance and disaster relief.

Delivery of the second LSS is scheduled for 2025.

Sea trials begin for Royal Canadian Navy’s third Harry DeWolf-class patrol ship

*The future HMCS* Max Bernays, a Royal Canadian Navy Arctic and Offshore Patrol Ship, being launched into the water, October 23, 2021 (Photo: Irving Shipbuilding)

Irving Shipbuilding has begun conducting sea trials of the future HMCS Max Bernays, the second Harry DeWolf-class Arctic and Offshore Patrol Ship (AOPS) that the company is building for the Royal Canadian Navy.

The trials are being carried out in Halifax Harbour just off Irving’s Halifax Shipyard facilities in Nova Scotia.

The 103-metre vessel was designed in compliance to IACS Polar Class 5. A diesel-electric propulsion system consists of four 3.6MW diesel engines that supply electrical power to two 4.5MW motors to deliver speeds of 17 knots in open water and three knots for icebreaking.

Once delivered, the future Max Bernays will be assigned to Maritime Forces Pacific, making it the first AOPS to operate primarily off Canada’s western coast.

US Navy decommissions dock landing ship Whidbey Island

The US Navy formally retired the dock landing ship (LSD) USS Whidbey Island in a ceremony on Friday, July 22.

The lead ship of its class, Whidbey Island entered service in February 1985. Its notable deployments included Operation Desert Storm in 1991, Operation Uphold Democracy in 1994, and various cruises in support of Operation Enduring Freedom from 2002 to 2007.

Like its sisters, the LSD has capacity for four air-cushion landing craft (LCACs) or 21 LCM-6 medium landing craft and up to 400 embarked marines.

US Navy exercises option for two additional Navajo-class salvage vessels

Austal USA has been awarded a US$156 million fixed-price incentive contract option from the US Navy for the construction of two Navajo-class towing, salvage, and rescue ships (T-ATS). With the award, the company is now under contract for four T-ATS, having received awards for T-ATS 11 and 12 in October 2021.

The ocean-going tug, salvage, and rescue ships will be designed to support the navy’s fleet operations. Each T-ATS will have a multi-mission common hull platform capable of towing heavy ships.

The vessels will be capable of supporting a variety of missions including oil spill response, humanitarian assistance, search and rescue (SAR), and surveillance.

US Navy awards design contract for future destroyer class

*Photo: PEO Ships, US Naval Sea Systems Command*

General Dynamics Bath Iron Works (BIW) has been awarded a contract by the US Navy to provide shipbuilder engineering and design analysis to produce design products in support of the preliminary and contract design for the navy’s DDG(X) guided missile destroyers.

The design effort for DDG(X) will involve a collaborative navy-industry effort composed of the large surface combatant shipbuilders, suppliers, ship design agents and other subject matter experts. A similar award was also made to Huntington Ingalls Industries (HII), according to a recent announcement from the navy.

If all options are exercised, the contract will continue through July 2028. Fiscal Year 2022 Research, Development, Test and Evaluation (FY22 RDT&E) funds were obligated at the time of award.

Source: https://www.bairdmaritime.com/work-boat-world/maritime-security-world/non-naval/maritime-security-vessel-news-roundup-july-26-thai-and-alabama-police-boats-us-and-saudi-naval-ship-deliveries-and-more/

Liberian oil tanker, Neptune. Source: Erwin Willemse/Marine Traffic.

Underpayment of crew and poor working conditions have led to the banning of a Liberian-flagged oil tanker, Neptune, from Australian ports for six months.

After receiving a complaint regarding the underpayment of seafarers and welfare issues, the Australian Maritime Safety Authority (Amsa) inspected the ship in the Port of Gladstone, in central Queensland and found evidence that the employment agreement with 21 seafarers on board the ship had not been met and the crew members were collectively owed approximately AUD$123 000 (R1 431 403.89).

Amsa found evidence the food and drinking water were not of appropriate quality, quantity and nutritional value for seafarers. It’s also understood a seafarer was not provided with adequate medical care after being injured on board.

As a result, Amsa detained the ship for multiple breaches of the Maritime Labour Convention (MLC) and the operator has been directed to pay the outstanding wages and address the deficiencies.

Amsa’s executive director of operations, Michael Drake, said the seafarers had repeatedly not been paid at regular intervals and two crew members had expired Seafarer Employment Agreements.

“Ships visiting Australian ports are on notice that if we find deliberate underpaying of crew they can expect penalties,” he said.

Source: https://www.freightnews.co.za/article/australia-slaps-hefty-fine-oil-tanker

Ten organisations representing European shippers, freight forwarders, terminal operators and firms in the supply chain have demanded that the European Union immediately review its competition regulation for the container shipping industry.

This is the third time the organisations have called for a review of the regulations, citing continued increases in freight rates, and reductions in capacity, reliability, and quality of service.

The Maritime Executive reported that the organisations were now “disappointed” in the EU’s lack of action – after they twice called for a review in 2021 – compared to other regulators, including the United States. The Global Shipper Forum is leading the call for the review as one of the ten signatories to the letter.

“There is a striking contrast between the approach of the Commission and the vigour with which the Federal Maritime Commission in the US, and a number of other competition authorities globally, have pursued action against the lines, and the revelations of anticompetitive behaviour which emerged from their investigations,” the group wrote in a letter addressed to Margrethe Vestager, European Commission executive vice-president and Commissioner for Competition.

The group highlighted the latest data recently released by The International Transport Forum, which outlines the seven-fold increase in the freight rate and the reduction of capacity in Europe. They said carriers had increased their profit margins by up to 50%, resulting in a net profit of $186 billion last year, while service issues and costs for shippers had increased.

The EU’s Consortia Block Exemption Regulation, which exempts carriers from certain provisions of the restrictions to promote competition, will expire in less than two years and the organisations now want a review to commence immediately.

The organisations have claimed that “many of the excesses of behaviour” exhibited by shipping lines had stemmed from the “open-ended and highly favourable” terms in the current regulation.

“The regulation does not seem to be able to accommodate major changes in this market over the past few years, including developments in information standardisation and exchange, shipping lines’ acquisition of other supply chain functions, nor how the shipping lines have been able to leverage these to accrue supernormal profits at the expense of the rest of the supply chain.”

Among the ten groups endorsing the letter are the European Association for Forwarding; Transport, Logistics and Customs Services; Federation of European Private Port Companies and Terminals; European Shippers’ Council; Global Shippers’ Forum; International Federation of Freight Forwarders’ Associations; International Association of Movers; International Union for Road-Rail Combined Transport; FIDI Global Alliance; European Barge Union, and European Tugowners’ Association.

Source: https://www.freightnews.co.za/article/eu-shippers-freight-forwarders-call-urgent-review-competition-rule

Russian forces have said that they had destroyed a Ukrainian warship and US-supplied Harpoon anti-ship missiles in the Ukrainian port of Odesa.

Russian news agencies quoted the defence ministry as saying on Sunday July 24th that “a docked Ukrainian warship and a warehouse with US-supplied Harpoon anti-ship missiles were destroyed by long-range precision-guided naval missiles in Odesa seaport on the territory of a ship repair plant.”

The Ukrainian military had said Russian missiles hit the southern port on Saturday, threatening the agreement signed on Friday that it was hoped would free up grain exports from Black Sea ports.

Ukrainian president Volodymyr Zelenskiy said that the strikes on Odesa were “barbarism”, and proved that Russia could not be trusted to implement Friday’s deal in good faith. The agreement had been mediated by Turkey and the UN.

Initially the Saturday attack was denied. Turkey’s Defence Minister Hulusai Akar said on Saturday that “in our contact with Russia, the Russians told us that they had absolutely nothing to do with this attack and that they were examining the issue very closely and in detail”.

However, on Sunday, after it became clear that the Russian denials would not fly, Maria Zakharova, spokesperson for the Russian foreign ministry, said that “Kalibr missiles destroyed military infrastructure in the port of Odessa, with a high-precision strike”.

“They are in no way related to infrastructure that is used for the export of grain. This should not affect — and will not affect — the beginning of shipments,” Kremlin spokesman Dmitry Peskov said on Monday.

Even if the targets were designated as “military infrastructure”, the attack could be interpreted as a breach of Friday’s agreement. Russia’s willingness to attack one of the three designated export ports was thought likely to raise concerns for shipowners, seafarers and insurers who have to decide whether to supply, man or insure calls in Ukraine to load up grain.

Source: https://insurancemarinenews.com/insurance-marine-news/russia-admits-attack-on-odesa-shortly-after-agreement-signed/

The safety credentials of one of Australia’s largest stevedoring companies is being called in to question, with Maritime Union of Australia safety officials expressing their gravely held concerns about a push from management to implement a reckless benchmarking system that pits wharfie against wharfie in a battle to see who is the fastest machinery operator around the Australian waterfront.

The Dubai-owned DP World terminal operator, which has facilities at ports in Brisbane, Sydney, Melbourne and Fremantle, has recently rolled-out an employee benchmarking system which shows workers where they rank for speed amongst their colleagues, complete with individual’s performance measurements presented in the style of racing car instrumentation.

“DP World want to pit worker against worker in an attempt to foster a speed-culture on the waterfront that will inevitably place safety a distant second in some of the highest-risk working environments in Australia,” said the MUA’s Assistant National Secretary, Adrian Evans.

“Pushing workers to focus on speed instead of safety while operating high risk machinery is guaranteed to deliver tragedy, not productivity. Recent tragedies on the Kiwi waterfront are a timely reminder of what happens when middle managers are allowed to prioritise profit over the lives of their workers,” Mr Evans added.

The MUA’s National Safety and Training Officer, Justin Timmins, cautioned workers at DP World that nothing was more important than going home safely at the end of a shift.

“The push to pit worker against worker in a never-ending speed trial on the Australian waterfront will only end in tragedy. Right now, New Zealand ports management are being prosecuted for a spate of workplace deaths on the Kiwi waterfront, all of which started with a similar race to the bottom on safety,” Mr Timmins said.

In a bulletin issued to DP World stevedoring workers last Friday, the Chief Operations Officer Mark Hulme, explained that the company had been collecting individual performance data and metrics showing each workers’ productivity across the various high risk machinery types, including quay cranes, straddle cranes, heavy forklifts and shuttle cranes, at DP World facilities around the country.

The bulletin told workers that the personalised data, presented in the style of a car’s speedometer, would generate “meaningful, open discussions about your performance and productivity in the workplace” and “motivate you and your peers to drive improvements in productivity”.

Mr Evans called on DP World to abandon its flawed and dangerous scoring system and engage with its workforce respectfully about how to improve productivity without putting the safety of stevedoring workers at risk.

“The COO claims that the success of his business is based on each DP World employee doing a great job every day, but whoever came up with this idea needs to go back to the management brainstorm workshop, pull out the textas and try again. Too many of our members have lost their lives in this extremely dangerous industry and we will never accept industrial cowboy policies like this on the Australian waterfront” Mr Evans said.

DP World, which pays no income tax in its home base of the United Arab Emirates, delivered an 8.3% increase in throughput at its Australian and New Zealand ports last financial year and posted a global profit of over $1bn to its shareholders.

“No company should ask its workforce to put their lives on the line for profit. The local managers of this multinational, multi-billion dollar company have no excuse to be undermining the importance of workplace safety in pursuit of minor productivity improvements”, Mr Evans said.

Source: http://www.mua.org.au/news/stevedoring-multinational-dp-world-collision-course-wharfies-over-waterfront-safety

Iris Logistics, Inc.’s MV Iris Paoay will start an intra-Asia service in August that will link the Philippines directly to Thailand and Vietnam
The service will start soon after MV Iris Paoay arrives in Manila on August 25 from Los Angeles, California
It will call Manila South Harbor, Bangkok, Laem Cha Bang, and Ho Chi Minh ports

Iris Logistics, Inc. will launch in August an intra-Asia service that will link the Philippines directly to Thailand and Vietnam.

The service will start after MV Iris Paoay arrives in Manila on August 25 from Los Angeles, California, its parent firm Royal Cargo said in a customer advisory.

The 1,118-twenty foot equivalent unit (TEU) vessel had been used by Iris Logistics for its US service that began in September 2021, in response to local exporters’ clamor after experiencing shipping difficulties due to COVID-19-induced supply chain and logistics issues.

Royal Cargo earlier deployed MV Iris Paoay as the first Philippine-flag container vessel to sail directly to the US in about 30 years.

The new intra-Asia service will call the following terminals:

Manila South Harbor
Bangkok: Thai Connectivity Terminal TCT (operated by PSA Terminals)
Laem Cha Bang: Eastern Sea Laem Cha Bang Terminal
Ho Chi Minh: Tan Thuan Terminal Saigon Port (can also accept delivery at Cat Lai Terminal upon request)

The vessel will depart Manila South Harbor on August 26 and call General Santos and Davao ports before sailing to Bangkok, arriving there on September 6.

The vessel will leave Bangkok on September 7 and arrive on the same day at Laem Cha Bang in Chonburi province, 130 km southeast of Bangkok. It will depart the next day for Ho Chi Minh and arrive in the southern Vietnamese port on September 11.

MV Iris Paoay will depart Ho Chi Minh on September 12 and arrive at Manila South Harbor on September 15.

Iris Logistics, formerly Royal Cargo Lines Inc., is a subsidiary of Royal Cargo, which operates domestic maritime and transport services.

Tug Blue Dragon 12 (IMO 8679326) was reported to have suffered an explosion and subsequently sank during the afternoon of July 23rd in Semoi Setawir, Sungai Sepaku river, upstream from Balikpapan, Eastern Kalimantan Makassar Strait, Indonesia. Of 12 people on board, four suffered burns of unknown severity, one went missing and seven escaped uninjured. The tug was waiting for barge Sea Dragon 2712 to be loaded with coal. There were reported to have been welding works taking place in the area of the stern at the time.

2012-built, Indonesia-flagged, 117 gt Blue Dragon 12 is owned and managed by Aditya Aryaprawira Shipping of Jakarta, Indonesia.

Bulk carrier St Pinot (IMO 9596179) suffered a fire in its engine room on July 8th, resulting in injury to one crew member. The vessel was disabled and adrift in the Gulf of Aden off the Yemen coast. It was taken in tow by tug Boka Expedition (IMO 9358943) on July 17th and on July 21st the convoy moored at the Al Duqm Anchorage.

2013-built, Marshall Islands-flagged, 32,311 gt St Pinot is owned by One Ship Ltd care of manager Shamrock Maritime Sarl of Monte Carlo, Monaco. ISM manager is Seaquest Shipmanagement DOO of Rijeka, Croatia. It is entered with Britannia on behalf of One Ship Ltd. No AIS since July 17th.

During a discharge of a cargo of wet bauxite from the Good Hope Max (IMO 9304241) during the afternoon of July 18th at the small port of Alumar in Brazil the terminal’s shore crane suffered a fire, which caused the grab to fall on to the deck of the vessel. The reason for the fire on the crane was not disclosed. Weather conditions at the time were good. The ship left port on July 20th and moored on Itaqui anchorage that evening. As of July 25th the vessel was at Sao Luis Anchorage, Northern Brazil.

2005-built, Isle of Ma-flagged, 40,039 gt Good Hope Max is owned by Rifos Navigation Ltd care of manager Safbulk Maritime SA of Athens, Greece. ISM manager is Central Ship Management Ltd DMCC of Dubai, UAE. It is entered with Gard P&I on behalf of Rifos Navigation Ltd.

Cruise ship Ocean Atlantic (IMO 8325432) was reported to Norwegian Maritime Authorities by an anonymous party as having had a minor accident during the weekend of July 16th-17th in Svalbard Archipelago waters, Norway. The ship was said to have suffered a breach of its hull, either as a result of grounding or iceberg contact. The crew sealed the breach and there were no signs or signals of danger for ship and for passengers. The ship was reported to have been ordered to return to Longyearbyen, Spitsbergen, escorted by Norwegian Coast Guard vessel. The Ocean Atlantic berthed at Longyearbyen late on July 20th to undergo inspection and investigation. It remained there on July 25th

1986-built, Portugal-flagged, 12,798 gt Ocean Atlantic is owned by Altprt Atlantic Partners care of manager Sunstone Ships Inc of Miami, Florida. ISM manager is Cruise Management International of Miami, Florida. It is entered with American Club on behalf of ALTPRT Atlantic Partners, Unipessoal LDA.

Source: https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-26th-july-2022/n

Cruise line’s newbuild programme and current fleet will leverage SES’s O3b mPOWER connectivity service to make seamless family luxury a reality.

SES, the world’s leading content connectivity satellite service provider, will be providing ground-breaking high-speed satellite-based connectivity services to the newest landmark ship of a leading family cruise line, the company announced today. The cruise line’s existing fleet will also transition its connectivity to SES’s second-generation medium earth orbit (MEO) system O3b mPOWER, alongside installing the service onto its newbuild programme.

The high-performance connectivity service onboard will first be available via SES’s O3b Medium Earth Orbit (MEO) constellation and will subsequently migrate and expand to SES’s O3b mPOWER communication system. This connectivity will be augmented by SES’s geostationary satellite fleet and ground-based infrastructure to provide high-bandwidth redundancy and unparalleled reliability throughout the voyage.

The new agreement will help enable a seamless and hassle-free internet connectivity experience for guests who can unwind in complete luxury without worrying about their family’s consuming large amounts of data at considerable expense. Passengers can purchase new Unlimited Internet access plans by leveraging SES’s O3b mPOWER network and enjoy unmatched connectivity whilst cruising.

The low-latency connectivity network which will be delivered by SES’s O3b mPOWER system is also set to enable innovative connected technologies, including a first-of-its-kind immersive augmented reality experience for guests. It will also power wearable technology for families, which provides children secure and safe access to amazing experiences while parents recline at the pool.

Simon Maher, vice president of global sales, cruise maritime services at SES, said, “SES is privileged to be selected as the most innovative technology connectivity partner for both the transition of the current fleet of Cruise Ships from the legacy provider to SES but also supporting the cruise line’s fleet expansion plans. We are passionate about amazing, innovative experiences that push the boundaries of what people think is possible. As the only company to operate a commercially successful medium earth orbit constellations at unmatched scale, SES is uniquely positioned to offer the most reliable, best-performing high-speed connectivity at sea that helps make incredible and innovative experiences a reality.”

Source: https://thedigitalship.com/news/maritime-satellite-communications/item/7970-ses-to-power-innovative-immersive-experiences-onboard-leading-family-cruise-lines-fleet-with-o3b-mpower

There was a recorded increase in armed robberies on vessels in the Singapore Strait during H1 2022, according to ReCAAP ISC’s half-yearly report. However, as these events were not on the open sea, they did not qualify as “piracy”. In fact the Asian region had no incident of piracy during the first half of the year. The 42 incidents of armed robbery against ships all occurred in internal waters, archipelagic waters and territorial seas. This represented an 11% increase on the 38 incidents reported during the same period in 2021.

The increase in incidents of armed robbery occurred in Bangladesh and Singapore Strait. Three incidents were reported in Bangladesh during H1 2022, up from zero in the same period last year. There were 27 incidents reported in the Singapore Strait, up from 20 incidents during H1 2021.

There was a decrease in incidents in the waters of Malaysia, the Philippines and Vietnam. There were no incidents in Malaysia during H1, down from one in H1 2021. In the Philippines there were three incidents, down from six in H1 2021, while in Vietnam there were no incidents reported, compared to two incidents during H1 2021.

The Sulu-Celebes Seas and waters off Eastern Sabah remain quiet. The last incident was reported in January 2020. ReCAAP said that the threat of abduction of crew for ransom remained “potentially high”, particularly in the area of Sulu and nearby waters off Tawi-Tawi. This was because Abu Sayyaf Group commanders who were responsible for past incidents of abduction in Sulu remained at large, and there was a presence of remnants of the group in the area.

https://www.recaap.org/resources/ck/files/reports/half-year/ReCAAP%20ISC%20Half%20Yearly%20Report%202022.pdf

The Russia-Ukraine war and sanctions on Russia’s refined products have created a void in the European market, which is counterbalanced largely by South Asia.

The product tanker sector has been gaining from the ongoing geopolitical tensions as a sudden rise in the long-haul trade has boosted freight rates. Drewry expects the shift in trade – from short-haul to long-haul – to become the ‘new normal’ of refined products shipping with Europe sourcing cargoes from South Asia, the Middle East, and North America in 2022-23. Russia’s 2 mbpd of spare capacity and 0.8 mbpd YoY drop in refinery throughput in 2022 as a result of sanctions supports this trend.

Europe was dependent on Russian refined products as the latter contributed 15.9%, aggregating 21.6 million tonnes, to the total European seaborne imports in 2021, with gasoil/diesel comprising 95.4% of the traded volume. On 24 February, the Russia-Ukraine conflict turned into a full-fledged war after which Europe has been reducing its reliance on Russia. Although there were no clear sanctions immediately, CPP exports from the FSU to Europe weakened by about 1.1 million tonnes during March-April, with almost all the deficit created by gasoil/diesel.

Europe counterbalanced Russia’s share by importing around 2.9 million tonnes of CPP from the Middle East the US and Asia. Among these regions, South Asian exports increased by 0.74 million tonnes in March-April, with gasoil/diesel contributing 77.5% to the total share. The Middle East and Southeast Asia followed with a rise in exports by 0.72 million tonnes and 0.58 million tonnes, respectively.

Meanwhile, the gasoil/diesel trade shifted significantly as Russia lost a 15.2% YoY in European gasoil imports during March-April. Although the US has emerged as the prime supplier of gasoil/diesel to Europe after Russia in 2021, South Asia (mainly India) captured the largest share (5.7%) by supplying maximum replacement cargoes to Europe. South Asia was followed by North America (the US) and Southeast Asia (Singapore). The Middle East stands at the fourth position with only a 2.5% increase in share.

As a result, European buyers have shifted from the short-haul trade (between Russia and Europe) to the long-haul trade by sourcing refined products from South Asia, the Middle East, and North America.

We expect this long-haul trade to be the ‘new normal’ for product tanker shipping as Europe intends to shun Russian imports. As supply from North America is unlikely to replace the gasoil/diesel gap created by Russia, we expect South Asia to be the largest contributor, with the Middle East gaining the second largest share in European CPP imports in 2H22.

We expect the product tanker shipping market to enjoy strong rates throughout 2022 on the back of increased tonne-mile demand. Although LR and MR tankers are the true beneficiaries of the rise in rates, smaller tankers will also fetch high rates due to the robust demand.
Source: Drewry

Newer Posts

Older Posts

MARITIME SECURITY VESSEL NEWS ROUNDUP | JULY 26 – THAI AND ALABAMA POLICE BOATS, US AND SAUDI NAVAL SHIP DELIVERIES AND MORE

Australia slaps hefty fine on oil tanker

EU shippers, freight forwarders call for urgent review of competition rule

Russia admits attack on Odesa shortly after agreement signed

Stevedoring multinational DP World on collision course with wharfies over waterfront safety

Iris Logistics sets August launch of intra-Asia service

Iris Logistics, Inc.’s MV Iris Paoay will start an intra-Asia service in August that will link the Philippines directly to Thailand and Vietnam

The service will start soon after MV Iris Paoay arrives in Manila on August 25 from Los Angeles, California

It will call Manila South Harbor, Bangkok, Laem Cha Bang, and Ho Chi Minh ports

Marine accident round-up : 26th July 2022

SES to power innovative, immersive experiences onboard leading family cruise lines fleet with O3b mPOWER

Armed robberies in Singapore Strait rise during H1 2022

Geopolitical tensions redefine the new normal for product tankers

Keeping Your IHM Up-to-Date: What Ship-Operators Must Know in 2025

This Week in Maritime Safety & Environment: Key Developments Every Shipowner Should Know

Navigating Crew Well-Being: Work & Rest Hours on Board and How “CrewExpress” Elevates Compliance

Quick Menu

Company DETAILS

ISO 9001:2015 CERTIFIED