The Baltic Exchange’s main sea freight index dropped to its lowest since February on Wednesday, extending its decline to the eighth day, on lower demand across vessel segments.

The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 86 points, or 4.7%, to 1,731 points.

The capesize index dropped 181 points, or 9.2%, to its lowest since April 21, at 1,790 points.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $1,505 to $14,842.

“A 22.8% decline was reported during the past five days for the Capesize sector as both the Atlantic and the Pacific region faced limited requirements against a built-up of open tonnage,” shipbroker Intermodal said in a weekly note dated Tuesday.

Dalian and Singapore iron ore futures fell on Wednesday as a crisis engulfing property developers in China, the world’s top steel producer, outweighed improving margins at mills.

The panamax index was down 21 points to 2,005 points.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, decreased $188 to $18,047.

The supramax index fell 61 points to 1,805 points.
Source: Reuters (Reporting by Kavya Guduru in Bengaluru; Editing by Vinay Dwivedi)


ESG-focused digital maritime platform RightShip, will acquired Malta-based Thynk Software’s maritime tech business, once the process is completed on 1 September 2022. RightShip launched its platform, which has been accepted by the market, 18 month ago.

The acquisition will significantly expand RightShip’s capabilities and opportunities within the maritime industry. Over 3,000 people make use of RightShip’s due diligence, environmental and inspections services. RightShip assists in risk management and maintaining maritime safety standards.

Thynk Software, a Microsoft Gold Partner, uses its platform Genesis to deliver features as opposed to building the features from scratch. The solutions developed by Thynk involve the latest cloud, AI, UX and distributed technologies.

Steen Lund, RightShip CEO, said: “I am delighted we can announce the acquisition of Thynk Software’s maritime tech business, and that Marlon and his team will join RightShip.

“This is a critical strategic development for RightShip, as we gain our own in-house technology competence that will underpin our long-term growth objective of being an industry leading ESG focused digital maritime platform.

As a result, Marlon Grech, Thynk’s Founder and CEO, and around 30 Thynk employees will join RightShip. Once the acquisition is complete, Grech will be appointed RightShip’s first Chief Technology Officer.

Grech said: “This is a great opportunity for us at Thynk to solidify and develop our long-term relationship with RightShip. We have worked together for several years now and know each other well, and so for me and my Malta based team, this is a natural progression.

“We are all looking forward to the opportunities that will come our way as being part of the RightShip team.”

Source: https://www.ship-technology.com/news/rightship-acquires-thynk-softwares-maritime-tech-business/


The Maritime & Port Authority of Singapore (MPA) has concluded its investigation the sale of bunker fuel which contained high concentration levels of Chlorinated Organic Compounds (COC) and it said previously was sold to around 200 ships in March by Glencore and PetroChina. Around 80 ships reported engine, fuel pump and other issues.

The contaminated Heavy Fuel Oil (HFO) was loaded at the Port of Khor Fakkan, United Arab Emirates (UAE) onto a tanker and shipped to floating storage facilities in Tanjung Pelepas, Malaysia to be further blended. It was then delivered to Glencore’s storage facilities in Singapore where part of the cargo was sold to PetroChina.

Releasing its conclusions on Wednesday MPA said it found no evidence Glencore or PetroChina had intentionally contaminated the HFO.

However, it was discovered that fuel tests on the HFO carried between 21 – 23 March carried out by a laboratory engaged by Glencore contained concentrations of COCs that ranged from approximately 2,000 ppm to 15,000 ppm. While not part of standard ISO 1827 tests such high levels of COCs are also unusual in bunker fuel.

The authority said: “MPA’s investigation found that despite this, Glencore continued to supply bunkers blended with the fuel purchased that was contaminated with high levels of COC to vessels in the Port of Singapore from 22 March 2022 to 1 April 2022.

“By doing so, Glencore contravened the terms and conditions of its Bunkering Licence (Bunker Supplier) in failing to ensure that no bunkers supplied by it were contaminated.”

In that period a total of 24 vessels were supplied with contaminated fuel by Glencore and at least three vessels reported issues with their fuel pumps and engines as a result.

For breaching its bunkering licence the MPA is suspending Glencore’s license for two months from 18 March.

“MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality,” the authority said.

The MPA is not taking any action against PetroChina which it said promptly stopped supplies of the fuel by 19 March after its own tests showed it was contaminated with high levels of COCs.

The port authority stressed it takes compliance with the bunkering regime seriously. “MPA has reminded all licensed bunker suppliers to adhere strictly to the terms and conditions of their licences. MPA takes a serious view of contraventions of the bunker supplier licence terms and conditions, and will not hesitate to suspend or cancel the relevant licences, where necessary,” it warned.

The largest bunkering port in the world Singapore bunker sales were 50.04m tonnes in 2021, of which 49.99m was fuel oil.

Source: https://www.seatrade-maritime.com/bunkering/singapore-suspends-glencores-bunkering-license-two-months


Maersk reported an underlying EBIT of $8.9bn for the second quarter but behind the 15th consecutive quarter of on-year earnings improvements, there were signs of change.

Profitability in the group’s ocean segment rose “significantly” compared to Q2 2021, as softening volumes and shot-term rates were comfortably offset by higher contract rates.

Loaded volumes fell 7.4% from 3.3m feu to 3.1m feu while the loaded freight rate bolted 64% from $3,038 per feu to $4,983 per feu., “, driven by both contracts and shipment rates on routes from Asia to Europe and to North America.”

The firm’s results back analysis from Xeneta late in July, which claimed spot rates were weakening and contract rates were well up on-year and on pre-pandemic levels. What may prove crucial for Maersk and the sector is Xeneta’s forecast that a slowing in contract rate increases points to an imminent peak.

With current freight increases locked into the longer-term contract sector, any approaching drop in earnings will be spread over a longer period of time. Contract negotiations may present even more of a gamble than usual to shippers—pay a premium for the relative security of contracted volumes, or take a risk on cheaper spot rates at a time when supply chain disruption lingers.

Maersk’s results show another underlying issue for the sector which could prove troublesome should rates soften – rising costs. Total operating costs in the Ocean segment rose 18%; average bunker costs rose 74% from $475 per tonne to $827 per tonne. The cost increase translated to a 14% increase on a fixed bunker basis to $2,327 per feu. Average capacity for the Maersk fleet rose 4.1% to 4.3m teu.

As Xeneta CEO Patrik Berglund commented in late July: “The signs are clear there is a ‘shift’ in sentiment as some fundamentals evolve… It’s going to be an interesting few months ahead.”

AP Møller Mærsk CEO, Søren Skou, said of the group’s results:  “Volumes in Ocean were softer as congestion continued and the war in Ukraine weighed on consumer confidence, particularly in Europe. However, in Logistics we grew volumes above the market as our Ocean customers continue to buy into our value proposition, resulting in organic revenue growth of 36%, notching up the 6th quarter in a row of more than 30% organic growth.”


The annual awards ceremony and reception was held at the Tanglin Club after a two-year enforced break due to the pandemic.

Speaking to attendees Capt Subhangshu Dutt, Chairman of ICS – Singapore branch, put the events of the last two years into a wider historical perspective. “So, the Institute is 120 years old now. And it has witnessed two world wars, a few pandemics, blockades, trade embargoes, sanctions, calm winds, moderate weather, severe storms, but always emerged unscathed.”

Guest-of-Honour for the occasion was Quah Ley Hoon, Chief Executive of the Maritime & Port Authority of Singapore (MPA), who stressed the importance of developing maritime talent and the key role that ICS plays in this.

The institute covers not just shipbroking, but all aspects of shipping, with awards presented for 16 different categories, as well as best overall student.

Introduction to Shipping

Winner: Chay Fook Cheun

IMG20220727194133.jpg

Shipping Business

Winner: Capt Jayakumar Sankaran, MICS

IMG20220727194231.jpg

Legal Principles in Shipping Business

Winner: Esther Eng Cai Yun

IMG20220727194343.jpg

Dry Cargo Chartering

Winner: Tiffany Aw

IMG20220727194448.jpg

Ship Operations & Management

Winner: Lim Ming Lian (winner unable to attend)

IMG20220727194613.jpg

Ship Sale & Purchase

Winner: Tan Heng Shoon, MICS

IMG20220727194731.jpg

Tanker Chartering

Winner: Victor Wang Kian Seng, MICS

IMG20220727194831.jpg

Liner Trades

Winner: Gurpreet Singh

IMG20220727194936.jpg

Port Agency

Winner: Marcus Poh Ming Wai, MICS

IMG20220727195043.jpg

Logistics & Multi-modal Transport

Winner: Joel Toh

IMG20220727195146.jpg

Port & Terminal Management

Winner: Damien Tng (Winner unable to attend)

IMG20220727195247.jpg

Offshore Support Industry

Winner: Harshal Kolambe, MICS

IMG20220727195347.jpg

Economics of Sea Transport & International Trade

Winner: Sriram Krisnaswami, MICS

IMG20220727195449.jpg

Shipping Law

Winner: Kenneth Lim Jia Yang

IMG20220727195607.jpg

Marine Insurance

Winner: Xia Chen (Winner unable to attend)

IMG20220727195709.jpg

Shipping Finance

Winner: Eric Cheang, MICS

IMG20220727195824.jpg

Best Overall Student

Winner: Chay Fook Chuen

IMG20220727195905.jpg


The Filipino Department of Migrant Workers (DMW) suspended the recruitment agency’s licence after the International Transport Workers Federation (ITF) highlighted that the illegal charging of placement fees to seafarers, as well as being placed on different vessels to those described in their contract, and failure to pay wages.

The charging of placement fees is banned under the Maritime Labour Convention (MLC) to which the Philippines is a signatory. Four seafarers – Ricardo Dagami Aya-ay, Ceasar Abes Jurilla, Toni Dawn Domanais de Guzman, and Felix Roondina Impas Jr, had been charged placement fees of $600 – $1,000 by Global Marine.

Scott Trowsdale,  Inspectorate Coordinator at the ITF, warned: “Seafarers should be very wary of an agency that charges a placement fee. Sometimes they break the law like this because they don’t expect to be paid by the shipowner. That should be a red flag – you may not be paid either.”

All four seafarers were placed on different vessels to those in their contracts and were also owed unpaid wages.

The four seafarers had been offered contracts on the 2009-built cargoship Clivia owned Malaysian company FG Marine Services, however, none were deployed on this vessel. Three were placed on the 40-year old vessel Maru, owned by Sinbad Navigation Company DMCC, and described as being in “terrible condition”.

“Ricardo Dagami Aya-ay, Ceasar Abes Jurilla and Toni Dawn Domanais de Guzman claimed constructive dismissal because their contracts bore no relation to the employment offered and working conditions aboard the Muru were so poor,” ITF said.

The fourth seafarer Felix Roondina Impas Jr  was placed on a small support vessel AM230, and later became ill and was repatriated. He did not receive sick, nor benefits for his medical treatment.

“It’s great that the Filipino government has taken this action and I hope our evidence convinces them to permanently ban Global Marine,” Trowsdale.

“But truthfully, this should never have happened. The manning agency system – regulated by the Filipino authorities – is supposed to protect seafarers from unscrupulous employers. In the cases of these four seafarers, that system clearly failed. We’re demanding that the DMW takes a tougher line with corrupt agents so that this kind of worker abuse cannot happen again.”

Source: https://www.seatrade-maritime.com/crewing/philippines-suspends-crewing-agency-illegal-practices

 


The third party contractor fatalities all occurred in Los Angeles; two truck drivers and one crane mechanic died at a terminal belonging to APMT.

Two Maersk colleagues died in a ferry incident in Tangier, said Maersk. The colleagues both worked for Svitzer. The sixth fatality occurred in Indonesia during a road traffic accident on a journey between port and warehouse.

“The sad cases are of course all under investigation to derive learnings and prevent repetition respectively in some cases this has been concluded already,” a spokesperson told Seatrade Maritime News.

Source: https://www.seatrade-maritime.com/management-crewing/six-fatalities-across-maersk-group-first-half-2022


Eight crew members from Indonesia, who’re stuck on their vessel for nearly six months now and without pay at the Kaohsiung Port, are seeking help head home to their family members, per a local priest on Tuesday.

The men were unable to leave the cargo vessel since it was towed into the Kaohsiung Port on 23 Feb after it reportedly lost power days earlier when it was close to the territorial waters of Taiwan, Kaohsiung-based Stella Maris Chaplin Father whose name is Ansensius Guntur, CS, informed the CNA.

The 74.07-meter vessel, with a tonnage of about 1,395 tons, is reportedly a Togo-registered cargo vessel. It is owned by a Hong Kong firm, per its Provisional Certificate Registry shared by sailors.

In addition to not having received salaries since February, the men are not permitted to leave the vessel following local but stringent Covid-specific protocols and border protection rules, Guntur mentioned, further adding that it has impacted their mental health.

 

He also said that what’s worrying is that the crew members are becoming depressed. The ship’s captain mentioned the same and asked what he could do.

Fauzan Salihin, the captain, informed the CNA in a text message that he and his crew members require help to come back to their families who are in Indonesia.

In addition to not having received salaries since February, the men are not permitted to leave the vessel following local but stringent Covid-specific protocols and border protection rules, Guntur mentioned, further adding that it has impacted their mental health.

He also said that what’s worrying is that the crew members are becoming depressed. The ship’s captain mentioned the same and asked what he could do.

Fauzan Salihin, the captain, informed the CNA in a text message that he and his crew members require help to come back to their families who are in Indonesia.

Efforts will be established continually to try to get in touch with the ship owner so that a new crew may be sent to Taiwan and the original can be back home, the bureau informed.

The owner of the ship has until now been non-compliant and non-cooperative. This has resulted in the crew being unable to be back at their homes, the bureau highlighted.

If the owner of the ship keeps ignoring such requests, the Maritime and Port Bureau shall conduct a meeting during the first half of August 2022 with the Taiwan International Ports Cooperation, National Immigration Agency, and the Indonesian Representative Office based in Taipei to discuss strategies to send these sailors home, the bureau reported.

References: Focus Taiwan, Earthen News


A British man who reportedly lost his life after a 70ft luxury yacht that was sailing off the Italy coast crashed into rocks has been named as a millionaire firm owner.

Dean Kronsbein, 61, was on the vessel with his 27-year-old daughter named Sophia, and wife Sabine, 59, on Sunday before the yacht captain moved to steer clear of yet another vessel.
He was pulled out from the water but announced dead at the scene despite efforts of medics, per local media.

Authorities have to say that Dean experienced fatal injuries when the Amore yacht that collided with rocks off Porto Cervo in Sardinia.

His wife and daughter also sustained major injuries. They have been taken to a hospital and moved to a specialist unit in Sassari.
Yacht
Image for representation purpose only

The captain of the Amore, Mario Lallone, is under investigation. Witnesses, including rescuers and four friends of Dean on board, will be questioned.

Dean was the chairman and founder of Ultrafilter Medical, a multimillion-pound firm that produces face masks for NHS workers.

In 2022, Grimsby Live reported on Dean’s mission to reportedly donate 100,000 face masks to the locals, as part of the Great British Mask Giveaway campaign.

Dean’s family lawyer Egidio Caredda said that as one can imagine, it has been a terrible shock for his family. Dean’s son contacted him to help them. He added that Dean’s son, Dustin, flew out from England and would be with his mother and sister as they receive treatment.

Last month, he also threw a party for the Bentley Drivers Club at his country home close to Ross on Wye, with the Top Gear star and his close friend Richard Hammond attending it along with Prince Michael of Kent.

A Foreign, Commonwealth, and Development Office (FCDO) spokesperson mentioned that they are extending their support following a maritime accident that has taken place in Sardinia, including to the family members of a dual national who has lost his life. They are also in touch with the local authorities.

Source: https://www.marineinsight.com/shipping-news/british-millionaire-dies-after-his-luxury-yacht-collides-with-rocks/


A huge shipwreck lying at the bottom of the sea just a few miles off the UK coast was discovered, and now, more information has been uncovered about it. Just off the East Yorkshire coast, below the waters, is a gigantic steel structure that was an ocean liner long back.

Below 100 feet the murky waves is a wreck that was once one of Europe’s finest vessels, per HullLive. Dubbed ‘Poland’s Titanic’, MS Pilsudski sank 30 miles off the Humber coast and has now become one of the UK’s largest, but least known shipwrecks.

Weighing over 15,000 tonnes and measuring beyond 500ft in length, the vessel sank in November 1939. It was one of the significant shipping losses of the opening months of the Second World War.

Named after Jozef Pilsudski, the proud founder of modern Poland, MS Pilsudski was his joy and pride. In 1935, following her maiden voyage, she went to complete her sails from Europe to America, the Caribbean, and Canada — and each time was completely booked.

She reportedly hosted a 350-member and boasted an art-deco style with dining halls, gymnasium, cocktail bar, and smoking rooms. On the deck, she also had a swimming pool, sports and sun decks, and a tennis court. But, her fate was sealed by the outbreak of the Second World War back in 1939, when Nazi Germany invaded Poland.

The Pilsudski was on its way back from New York to Gdynia when her passengers suddenly heard on the radio that their country was at war, leaving them more desperate for more news from family members back at home.

A M Cohen associated with the Newcastle Jewish Board of Guardians informed the reporters that the passengers left it in Newcastle. But on picking up her passengers, the luxury fittings were stripped off in Newcastle. The Pilsudski was then transformed into a mere troop transport.

By mid-November, her first orders were announced. She had to sail to New Zealand and Australia to pick up Commonwealth soldiers and bring them back to the UK. Now the elegant liner turned into a warship.

She left Newcastle on 25 November 1939 with captain Mamert Stankiewicz. There were over 150 crew members onboard.

However, sometime after 5.30 am a huge explosion took place under the keel and the ship right away started listing to port. It was sailing alone, and most crew members were fast asleep except those on the bridge and in the vessel’s engine room. The lights went all out and electrical power was reportedly lost. The radio operator tried to send an SOS but failed. In the dark, crew members helped those who were injured when portions of the decks collapsed.

Then two minutes after the first, a second explosion rocked The Pilsudski and she began sinking. Captain Stankiewicz ordered to abandon the ship. Soon, lifeboats were lowered into the sea.

However, Captain Stankiewicz was on board. The survivors saw him on the deck. He was refusing to leave until he was sure that the crew members escaped into rafts and boats. He dived into the waves and was dragged to safety by the other survivors.

The raft was spotted finally by a Royal Navy destroyer. The men somehow managed to get grip of the nets to safety. Captain Stankiewicz, who was suffering from exhaustion, shock, and exposure, however, could not manage to grasp the ropes. Unfortunately, he passed away shortly afterward. Later on, for his bravery, he was awarded the Virtuti Militari Cross, which is the Polish equivalent of the Victoria Cross.

It’s considered that over 171 individuals were rescued. There were reports a 16-year-old boy’s body was recovered, even though this is not confirmed. Whether the Pilsudski sank with other men trapped below is still not clear even though initial reports mentioned that seven continued to be missing. Remarkably, The Pilsudski lay undiscovered for 40 years. In 2008 the forgotten wreck was visited by Polish divers. They explored and filmed the vessel but did not have enough information or proof to suggest what resulted in her sinking.

The Pilsudski is rotting on the seabed. Her bow is intact even though broken away and lies at an angle. On the other hand, a part of her stern has reportedly collapsed. The decks where her guests would dine, laugh, and dance are there but collapsing into each other from the huge water pressure.

The Polish National Maritime Museum has to say that the cause still remains a big mystery. However, it is also now believed that she was sunk by explosions from two magnetic German mines in the Humber region, and not due to torpedoes.

But while physical remains will not remain, her memory, especially in Poland, remains bright. The vessel’s former home port of Gdynia reportedly screened a film charting the ship’s loss, history, and wreck site, last week. The film was produced by Koncept Kultura, a cultural and historical organization that has been shown in Warsaw. A dedicated website exclusively devoted to the Pilsudski is in the making. It will help future generations learn more about The Pilsudski.

Source: https://www.marineinsight.com/shipping-news/giant-shipwreck-discovered-at-the-sea-bottom-a-few-miles-off-the-uk-coast/


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