The SCFI reported on Friday that the index had dropped 249.46 points to 2312.65 points from the previous week. It is the third week in a row that the SCFI has fallen in the region of 10% as container spot rates tumble steeply from the peak early this year.

It was similar picture for Drewry‘s World Container Index (WCI), which has generally shown a less steep decline in recent weeks than that registered by the SCFI.  Published on Thursday the WCI fell 8% week-on-week to $4,942 per feu, some 52% below the peak of $10,377 recorded a year earlier.

Drewry reported that spot container freight rates on Shanghai – Los Angeles dropped 11% or $530 to $4,252 per feu in the last week, while on the Asia – Europe trade spot rates between Shanghai and Rotterdam fell 10% or $764 to $6,671 per feu.

The analyst expects spot rates to keep falling saying, “Drewry expects the index to decrease in the next few weeks.”

At present the WCI  remains 34% higher than its five-year average of $3,692 per feu.

While different indexes show differing freight rates, all agree on a sharp decline in container spot rates, that has accelerated in recent weeks.

Analyst Xeneta noted rates from Asia to the US West Coast had seen “dramatic declines” compared to the peak recorded earlier this year. Xeneta said that since the end of March, rates from Southeast Asia to the US West Coast have fallen by 62%, while those from China have collapsed some 49%.

“Spot prices from Asia have, to be blunt, been falling considerably since May this year, with increasing rates of decline over the last few weeks,” commented Peter Sand, Chief Analyst, Xeneta on Friday. “We’re now at a point where the rates are down to their lowest level since April 2021.”

The question is how the continued plunge in spot rates will impact long-term contract rates between lines and shippers, and to what extent customers will be successful in pushing for renegotiations. Lines have been enjoying record levels of profitability with the sector raking in a massive $63.7bn profit in Q2 according to the McCown Container Report.

Xeneta’s Sand sees the situation as remaining positive for container lines at present. “We have to remember though, those rates are dropping from historical highs, so it certainly won’t be panic stations for the carriers just yet. We’ll continue watching the latest data to see if the trend continues and, crucially, how that impacts on the long-term contract market.”

A more negative picture was presented by Supply chain software company Shifl earlier this week with pressure for renegotiations from shippers. It said both Hapag-Lloyd and Yang Ming said shippers have asked to renegotiate deals, the former saying it is standing firm and the latter open to hearing customers’ requests.

“With the increasing pressure from shippers, shipping lines may not have a choice but to accede to customer demands as contract holders are known to simply shift their volumes to the spot market,” said Shabsie Levy, CEO and Founder of Shifl.

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


In the fourth in a series of interviews ahead of the Saudi Maritime Congress NMA director, Turki Al Shehri, spoke to Seatrade Maritime News about developments at the academy.

“This is a critical time for the Saudi maritime sector as we look towards its recovery from the Covid-19 pandemic, and also build on the opportunities with emerging new technologies and pioneering ways of delivering maritime training and education as we strive to deliver the ambitions of Saudi Vision 2030 and beyond,” Al Sheri said.

The King Salman International Complex for Maritime Industries and Services (KSIC) alone is expected to contribute $17bn to Saudi Arabia’s GDP, deliver import substitution of $12bn, and provide 80,000 direct and indirect jobs by 2030. The Kingdom’s National Transport and Logistics Strategy, unveiled last year, calls for throughput at its container ports to quadruple from under 10m teu in 2020 to 40m teu at the end of the decade.

“The maritime sector will remain a critical enabler of the world economy and is largely experiencing significant growth in service requirements and operating margins. Recent events in Ukraine are, however, impacting long-term forecasting. We have remained focused in improving our capabilities, installing our simulation complex and updating our curriculum.”

The NMA was set up in 2016 in a partnership between national oil company Saudi Aramco and the Technical and Vocational Training Corporation (TVTC), a Saudi training institute in existence since 1980, with branches in all major Saudi cities.

The Kingdom’s requirements for maritime expertise span the ports, container, bulk, tanker and logistics markets. The National Shipping Company of Saudi Arabia (Bahri) is a top-five global VLCC operator. Saudi Arabia’s economic diversification plans call for the dramatic expansion of its west coast ports and inland logistics, to in order to capitalise on the Kingdom’s centrality to global trade flows.

Based at Ras Al-Khair on the eastern coast, 80 kilometers north of the country’s industrial hub in Jubail Industrial City, where NMA is based, KSIC is expected to be one of the largest shipyards in the world. “This proximity presents us with an advantage towards closer cooperation,” Al Shehri said.

“We currently train a number of members of the KSIC’s future workforce with skills in shipbuilding- related trades. Our pool of trainees come from a number of shipping companies and marine employers such as Saudi Aramco, Bahri and Rawabi Holding, among others,” he said.

NMA’s first cohort of ratings, comprised of 47 students, successfully completed Phase 1—Marine English Language—of their training program in July 2021. “The learners have been studying contextualised maritime English since November 2020 and are now ready to progress to technical training through the associate diploma in maritime studies, and are due to graduate in November 2021,” it said.

Today, women represent only 2% of world’s 1.2 million seafarers, while 94% of female seafarers are working in the cruise industry. “NMA will fully support the IMO’s gender ‘Women in Maritime’ programme, whilst keeping in mind the Kingdom’s traditions and customs. NMA will offer preferential placements for shortlisted female applicants. We will also facilitate maritime training for women that may wish to work in the maritime industry but may not be inclined to work at sea,” Al Shehri said.

“Looking to Vision 2030, consideration of diversity as a whole, not just how it relates to women, will be one of the challenges facing the sector. NMA will promote a maritime culture that encompasses diversity in its broadest sense and will reap wide-ranging benefits and rewards for Saudi society. I am very optimistic about the future of the maritime industry.”

Source: https://www.seatrade-maritime.com/crewing/saudi-nma-critical-component-kingdoms-maritime-development

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

 


Cargo throughput at major coastal hub ports also dropped 2.4%. The international trade cargo throughput declined 3.7% while domestic volume fell 1.23%.

Crude oil shipments at major coastal ports up 5.6% year-on-year. Among which the port of Qingdao and Yantai from Shandong province posted a growth rate of over 20%.

Metal ore shipments at major Chinese ports increased 6.8% while the port inventory grew 24.36%.

Cargo throughput at three major Yangtze River ports, Nanjing, Wuhan and Chongqing achieved positive growth in late August, slightly increased 2% and 4.9% year-on-year.

For the whole month of August, container volume at eight major coastal ports increased 3.3% while the cargo throughput of hub ports grew 0.7%.

Source: https://www.seatrade-maritime.com/ports/major-chinese-ports-box-volume-growth-slows-25-late-august

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

 


Supply chain visibility company FourKites said it saw a significant increase in the time containers spent at Felixstowe during and after the strike, which started on 21 August.

On the date the strike started, ocean shipments had been at the port for an average of 5.3 days for FourKite’s customers, and went on to peak at 9.9 days average come 30 August.

Arrivals at Felixstowe plummeted during the two-week strike, from 20% of UK arrivals to 0%, while Southampton arrivals ramped up from 13% to 24% over the same period.

Over Felixstowe’s recovery period since the strike, containers spent on average slightly more time in major European ports including Rotterdam, Bremerhaven, Hamburg and Antwerp.

The return to normal at Felixstowe comes just weeks ahead of another round of industrial action which will have a greater impact on UK supply chains. Workers at Liverpool are set to strike from 19 September to 3 October, overlapping with a strike at Felixstowe from 27 September to 5 October.

“FourKites has seen some possible initial signs of rerouting at Liverpool, where the share of port arrivals has decreased from 11% to 8% week-over-week for FourKites customers,” said the company.

Source: https://www.seatrade-maritime.com/ports/felixstowe-strike-congestion-clears-ahead-fresh-stoppages

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

 


The Biden administration on Thursday unveiled a plan to accelerate development of next-generation floating offshore wind farms by slashing the cost of the technology by 70% and setting a goal for it to power 5 million U.S. homes by 2035.

The announcement was the latest in the White House’s push to bolster the nation’s fledgling offshore wind industry as part of its climate-change agenda.

Wind turbines that float on the ocean’s surface are an emerging technology necessary for projects off the coasts of California, Oregon and Maine, where the depth of the water precludes the use of standard, fixed equipment.

Floating offshore wind technology is in early stages of development in Europe, where there are a few small projects.

Thursday’s announcement of efforts to support the technology’s advancement will position the United States “to lead the world on floating offshore wind and bring offshore wind jobs to more parts of our country, including the West Coast,” the White House national climate adviser, Gina McCarthy, said on a call with reporters.

By 2035, the United States aims to have 15 gigawatts of floating offshore wind capacity along its coastlines, officials said. The goal is aligned with the administration’s other target for permitting 30 GW of offshore wind by 2030.

As a first step, the Interior Department will hold a lease auction for areas off the coast of California later this year.

In addition, the Department of Energy will commit nearly $50 million to fund research, development and demonstration projects for floating offshore wind. The Energy Department wants to bring the cost down by 70% to $45 per megawatt-hour by 2035.

The effort is included in the department’s “Energy Earthshots” initiatives, which are meant to spur innovation in emerging clean technologies like hydrogen, energy storage and removing carbon dioxide from the atmosphere.

Source: https://www.marinelink.com/news/us-sets-target-floating-offshore-wind-499497

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

 


The President of the Royal Commission for Jubail and Yanbu, HE Eng. Khalid Al-Salem that the Port is one of the most critical enablers supporting industrial growth at The Port of Jazan City for Primary and Downstream Industries (JCPDI Port).

Eric Ip, Group Managing Director of Hutchison Ports, said, “We have been in Saudi Arabia for 22 years, and it is a very important market for Hutchison Ports. Today’s ceremony marks a new chapter for us in the Kingdom and we look forward to working closely with the Royal Commission to make Hutchison Ports Jazan a success and help JCPDI reach its full potential and contribute to the Saudi Vision 2030.”

The port will use remote-controlled cranes and state of the art systems for handling containers and bulk goods to enable electronic transations. Training programmes will be run for local talent, said Hutchison Ports Jazan CEO, Charlie Darazi.

A berth depth of 16.5m will allow containerships of over 21,000 teu to call the port, and bulk ships with capacities over 100,000 tonnes.

The Port has a total berth length of 1,250m for containers, bulk and general cargo, with a design capacity of one million teu per year and around four million tonnes of cargo, in addition to a liquid terminal for oil tankers of Saudi Aramco.

Andy Tsoi, Hutchison Ports Managing Director for Middle East and Africa said that JCPDI Port represents an exciting new chapter. He added that from a strategic standpoint, JCPDI sits at the crossroads of the busy east-west trade lane and the rapidly growing north-south trade. JCPDI also has the potential to be the Kingdom’s first port of call from East Asia. Therefore, given the talented local human capital and the continuing support of development policies, the port is very well-positioned for the future of the Kingdom’s maritime industry.

Minister of Investment, HE Eng. Khalid Al-Falih said that Saudi economy was booming, with 11% growth in Q1 2022 and growth of 21.5% in its Industrial Production Index (IPI).

Source: https://www.seatrade-maritime.com/ports/saudi-arabia-inaugurates-port-jazan

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

 


Overnight Wednesday, after a marathon 11th-hour negotiating session brokered by the White House, America’s freight rail operators accepted unions’ demands for unpaid medical leave for conductors, engineers and other workers. The tentative agreement ends a years-long bargaining process and heads off the prospect of a strike or lockout, which could have begun as early as Friday – and would have had a devastating impact on freight transport across the nation.

“This is a win for tens of thousands of rail workers and for their dignity and the dignity of their work,” said President Joe Biden on Thursday morning. “It’s about the right to go to a doctor or stay healthy and make sure you’re able to have the care you can afford.”

Biden thanked both rail workers and railway operators for keeping the supply chain moving during the pandemic, and he described the agreement as a win for both labor and management. “With this agreement, railroad companies will be able to retain and recruit workers.  They’ll be able to continue to operate effectively as a vital piece of our economy,” he said.

The Brotherhood of Locomotive Engineers and Trainmen (BLET) and the SMART Transportation Division – together representing nearly 60,000 workers – had already reached agreement with the employers’ association for Class I rail carriers, except for one sticking point. An unpopular points-based employee attendance policy – which effectively prevents medical leave, the unions claim – was worth risking a strike, even if it meant walking away from a 24-percent raise. “Our members are being terminated for getting sick or for attending routine medical visits,” claimed BLET and SMART in a joint statement last week.

The tentative agreement resolves that question and gives union members a new ability to take time off for “routine and preventive medical care, as well as exemptions from attendance policies for hospitalizations and surgical procedures,” the unions said. For the rest of the economy, it heads off the prospect of a $2 billion-per-day rail shutdown affecting 40 percent of the nation’s freight.

The deal’s completion was far from certain, and rail lines had already begun preparing for a halt in operations. National Economic Council Director Brian Deese told Politico that the conversation began to change after 2100 hours Wednesday, when White House officials began calling rail CEOs to warn them that “we took it very seriously and were going to resolve it and they needed to move.”

The deal is not yet fully sealed: it now goes to BLET and SMART’s membership for a ratification vote. The unions have agreed not to strike until voting is completed.

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

 


Containership lessor Seaspan Corporation announced it has canceled an order for four containership newbuilds “due to certain conditions in the contracts not being fulfilled”.

The original order, which was announced in May, was for four 7,700 TEU dual-fuel liquefied natural gas (LNG) containerships from an undisclosed “major” shipyard.

“Due to certain conditions in the contracts not being fulfilled by the counterparty, the contracts have become null and void. Seaspan has notified the relevant parties and has reserved its rights to claim against the counterparty in relation to the contracts,” the company said on Thursday.

The newbuilds, which had been scheduled for delivery in the third and fourth quarters of 2024, were lined up to be chartered by a “leading global liner customer”.

Source: https://www.marinelink.com/news/seaspan-cancels-fourship-newbuild-order-499500

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

 


The NTSB has released the results of its investigation into the collision of a moving train with the towboat Baxter Southern on the Upper Mississippi in late 2021, finding that the towboat’s crew were not aware that they had temporarily berthed the bow of a barge over a rail line.

On November 13, 2021, the towboat Baxter Southern was downbound on the Mississippi, pushing four empty barges for a destination in Louisiana. At about 2200, the wind picked up with gusts of up to 35 knots, making navigation difficult for the 700-foot-long empty barge tow. The forecast showed that the winds would continue through the night. After consulting with the pilot, the master ruled out continuing onwards to the next lock or trying to turn around and head back upriver. Instead, they decided on a plan to push the barges up against a bank to wait for better weather conditions.

Using a non-ECDIS electronic chart system, they selected a site with a magenta dashed line around it where there were no trees or visible obstructions. They were aware that there was a rail line in the area but did not believe that it was a substantial risk. Because of the rough weather, no lookout was posted on the bow as they approached the bank.

At 2336, the barge tow’s bow rake was pressed up against the bank, and the master left the bridge. Three crewmembers were sent forward to verify that the bow was not overhanging the track.

Before the deckhands reached the head of the tow, they saw the lights of an approaching train coming around the bend some 2,000 feet to the north.

At about 2342, the conductor and the engineer saw the barge tow and the towboat, but were not concerned; it was common to see barges pressed up against the bank in this area. Following protocol, they accelerated down a straight section of the track, heading towards the barge.

One minute later, when the locomotive was about 300 feet from impact, the engineer realized that the barge’s bow was overhanging the rail bed, and he pulled the emergency brake. The pilot, who was still on the bridge of the towboat, saw what was happening and put the throttles in reverse to back off the bank – but too late to have an effect.

Nine seconds later, the left side of the lead locomotive struck the barge’s bow and derailed. The second locomotive followed, along with ten hopper cars, including six which went into the river. The engineer and conductor sustained only minor injuries and escaped from the locomotive on their own; none of the crewmembers aboard the Baxter Southern were injured.

After the collision, the master of the Baxter Southern backed off the bank, contacted the Coast Guard and moved upriver to another berthing location. The lead barge had sustained minor denting and scraping with no impact to its structural integrity.

The master and pilot – who each had about 30 years of experience in the towing industry – told investigators that they had not seen the chart symbol with an exclamation point on their ECS chart overlaying the bank area. The symbol would have warned them of a “Barge/Rail Collision Risk” at the site if they had clicked on it. The pilot said he had previously used the same area to temporarily berth barges “probably half a dozen times,” and past AIS data appeared to show that other operators had also used this location.

NTSB concluded that the cause of the casualty was “the tow’s pilot and captain not correctly identifying a caution area on the electronic chart,” and it advised marineers and owners to ensure proficiency in the use of electronic chart systems.

Source: https://www.maritime-executive.com/article/ntsb-train-barge-collision-caused-by-failure-to-read-charted-warnings

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

 


Hyundai Mipo has won design approval for the development of what it believes to be the first 30,000 cubic meter liquefied carbon dioxide carrier. The design incorporates a new type of steel into the vessel’s Type C tanks, making the scantling lighter and enabling the construction of a much larger ship.

The design is the first product of a joint development project for a new steel type launched in late 2021, and Hyundai Mipo SVP Chan-il Kim says that it could underpin a class of more economical and efficient LCO2 carriers. Long-distance CO2 transport by sea could be an important part of the future carbon economy if carbon capture and storage ventures prove successful – particularly for delivering CO2 to offshore subsea storage wells.

“This is a very important project for the entire maritime industry, as this type of vessel will be an important part toward the successful implementation of upcoming maritime environmental and emissions regulations,” said Alfonso Castillero, the COO of the Liberian Registry, in a statement last year.

LR and the Liberian Registry have worked with Hyundai Mipo on the design approval, and ship manager Capital Gas joined in the venture to advise on commercial and operational aspects. Korean steel giant Posco will supply the specialized steel alloy for the venture.

“We see the move to the transportation of CO2 as a natural extension of our existing commercial and technical management expertise,” said Miltos Zisis, managing director of Capital Gas.

Hyundai Mipo Dockyard has developed three other liquefied CO2 carrier designs, including 12,000 and 22,000 cubic meter sizes.

On Wednesday, ABS and the Marshall Islands Registry unveiled a separate approval in principle for a 74,000 cubic meter “ultra large liquefied carbon dioxide carrier” for Hyundai Mipo’s sister company, Hyundai Heavy Industries. The design is based on nine cylindrical tanks and would operate on LNG fuel.

Source: https://www.maritime-executive.com/article/hyundai-wins-two-aips-for-larger-more-efficient-liquid-co2-carriers

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

 


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