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1  Shipspotters all over the world / Site related news, functions and modules / Re: Death of a fellow member on: June 22, 2019, 06:11:04 pm
Sad to hear.RIP Angel.

2  Shipspotters all over the world / Shipping News and information / Only working US icebreaker catches fire on return from Antarctica on: March 14, 2019, 05:19:01 am
The US is facing a potential shortfall in icebreaking capability after its only remaining vessel, the ageing Polar Star, suffered an electrical fire on 10 February.
The 43-year-old ship, the only functioning icebreaker remaining in the US fleet, completed a life-extension works in 2013, theoretically allowing it to operate until 2023. But its viability was called into question after a series of incidents during the vessel’s return from a resupply mission in Antarctica, which culminated in the fire, which broke out in the incinerator room. Its 150 crew were forced to battle the blaze for two hours, more than 10,000 miles from the Seattle drydock for which it was headed.
“It’s always a serious matter whenever a shipboard fire breaks out at sea, and it’s even more concerning when that ship is in one of the most remote places on Earth,” said a statement by Vice Adm. Linda Fagan. “The crew of the Polar Star did an outstanding job — their expert response and determination ensured the safety of everyone aboard.”
In the lead up to the fire, smoking and power outages were recorded from Polar Star’s electrical systems, a propeller shaft sprang a leak, and one of the vessel’s two drinking water evaporators malfunctioned. Electrical systems and insulation suffered further damage during the blaze, when firefighters were forced to use water to cool down the vessel’s exhaust pipes.
In response to the news, the US federal government allocated new funding for its icebreaking programme in mid-February, comprising $655m for the first new icebreaker and $20m for a subsequent ship. But in 2018, a report by the US’ Government Accountability Office stated that the timeline for new icebreakers was “not informed by a realistic assessment of shipbuilding activities, but rather driven by the potential gap in icebreaking capabilities once the Coast Guard’s only operating heavy polar icebreaker—the Polar Star —reaches the end of its service life.”
Due to enter service in 2023, when Polar Star’s service life is due to end, it will be the first time a heavy icebreaker has joined the US fleet for more than 20 years.
But as Seattle drydock begins repairs of the incinerator and various other faulty parts, concerns remain about Polar Star’s ability to survive the next four years until its eventual replacement.

Source IHS
3  Shipspotters all over the world / Shipping News and information / Blame game begins as grounded ship in the Solomon Islands leaks oil on: March 14, 2019, 05:12:50 am
Solomon Island authorities are investigating whether crew were allocated on watch at the time the Hong Kong flagged bulk carrier Solomon Trader ran aground on 5 February.
The investigation will examine a possible breach of the International Safety Management Code, Solomon Islands Maritime Safety administration acting director, Jonah Mitau told media outlets.
The ship’s master, chief officer, chief engineer and second engineer have been requested to remain in the country for further questioning.
Both the company and insurers have also come under heavy criticism for the slow response to the grounding, which led to an oil spill contaminating villages and fishing grounds adjacent to the UNESCO World Heritage site.
Aerial assessments conducted by the Australian Maritime Safety Authority (AMSA) show the oil spill spanning five to six kilometres across the shore and moving towards the adjacent World Heritage area.
“The shipowner and the insurer have not moved quickly enough,” Rod Brazier, Australian High Commissioner to the Solomon Islands told Australia’s national broadcaster. “It took two weeks for the oil to leak from the Solomon Trader. Nearly a month later we are only beginning to see signs of efforts to pump the  remainder of the fuel oil off.”
Brazier also questioned why Bintan Mining company was loading bauxite during a heavy wind warning and a cyclone alert. The company is denying all responsibility.
The Solomon Islands government asked for assistance from Australia, with New Zealand, Vanuatu, Singapore, the United States and Europe also providing aid.
“Given escalating ecological damage, and a lack of action by commercial entities involved, the Solomon Islands Government has requested Australia’s assistance,” Senator Marise Payne, Minister for Foreign Affairs announced on 3 March. “We are mobilising an offshore pollution mitigation operation.”
In a statement, the insurer Korea Protection and Indemnity Club (KP&I) and owner of the stricken vessel King Trader Ltd (King Trader) have expressed  a “sincere apology”.
The statement said the Indonesian-based Bintan Mining chartered vessel loaded with nearly 11,000 tonnes of bauxite, initially grounded “during an unexpected gale event”.
“King Trader secured a local tug to try and remove the vessel in a timely manner, however the situation worsened with the arrival of Cyclone Omar (sic), which pushed the stricken vessel harder into the reef, resulting in hull and engine room damage.”
“Salvage was delayed due to the vessel’s power being lost and the remote and hazardous location making it difficult to secure local resources,” according to the statement.
The company denies that crew were absent from the vessel or intoxicated at the time of the grounding.

Source IHS
4  Shipspotters all over the world / Shipping News and information / Re: ARA SAN JUAN MISSING on: November 19, 2018, 07:15:19 am
Thanks Tomi for this effort you made,to translate this sad story.

5  Shipspotters all over the world / Site related news, functions and modules / Re: Member Jadran on: November 07, 2018, 04:01:19 am
So sad to hear,that our Shipspotting friend Jadran is past away.I known him as kind person on this community.

Rest in Peace my friend.
6  Shipspotters all over the world / Site related news, functions and modules / Re: Site glitch on: October 14, 2018, 08:14:22 pm
I have the same problem.
7  Shipspotters all over the world / Shipping News and information / Ship Finance buys another three container ships on: August 23, 2018, 10:28:08 am
Ship Finance International, the US-listed company in John Fredriksen’s business empire that invests in ships and rigs that it then charters out on long-term contracts, said on 22 August it has agreed to acquire three 2015-built 10,600 teu container ships.
IHS Markit data show that the ships are likely to be Maersk Line's Cap San Juan, Cap San Lazaro, and Cap San Vincent. The three were built by Daewoo Shipbuilding & Marine Engineering in South Korea in 2015.
Ship Finance expects to take delivery of the vessels in the near term, it said, adding that the purchase price is confidential.
The vessels will go on long-term timecharter to an undisclosed leading container line and the contracts would run for a minimum of six years, with options for the charterer to extend the charters by up to 10 years. There is also a purchase option with profit split at the end of the initial period.
Ship Finance’s fixed rate charter backlog would increase by approximately USD260 million as a result of the deal, increasing to about USD430 million if the charter extension options are exercised. Its EBITDA contribution from the vessels is estimated to be about USD35.5 million/year.
The company has expanded its exposure in the container shipping sector, with two deals unveiled in the past few months. According to Ole B. Hjertaker, CEO of Ship Finance Management, the acquisition highlights the group's strength and ability to achieve sustained growth “through repeat transactions with the world's largest liner companies”.
“We have firmly established ourselves as a quality operator of vessels, and our financial flexibility enables us execute swiftly on new transactions. Over the last five months we have added more than USD800 million to our charter backlog and expect to continue increasing our fleet of vessels and charter backlog in 2018,” he added.
Following the latest acquisition, Ship Finance’s charter backlog has increased to USD3.6 billion.
Maintaining a strong profile
In a separate statement released with the company’s second quarter (2Q18) interims results, Hjertaker said 2018 had been an active year where Ship Finance has significantly grown and renewed its fleet with transactions. The company sold three 2002-built very large crude carriers as part of its fleet renewal strategy last month.
According to Hjertaker, this expansion has increased the company's cash flow visibility and diversified its counterparty exposure while enabling Ship Finance to maintain a strong liquidity profile. This allows the company to act decisively on accretive growth opportunities that fit its investment profile, he added.
Ship Finance reported 2Q18 net profit of USD15.8 million, down from USD20.1 million in the same period last year. Revenues grew to USD96.8 million from USD94.2 million year on year. The company had a cash balance of USD144.8 million as of 30 June.
Hjertaker said Ship Finance’s approach continues to be agile and opportunistic, which allows the company to execute its long-standing strategy of acquiring attractive assets with long-term charters to reputable operators in the shipping and offshore markets.
“We believe the combination of a challenging banking market for many operators and low asset prices will continue to create significant investment opportunities for the company, particularly in market sectors where downside asset risk is limited and the potential exists for asset value appreciation,” he said.

Source IHS
8  Shipspotters all over the world / Site related news, functions and modules / Re: Ken Smith, President Emeritus on: July 08, 2018, 02:13:34 am
Sad to hear, that our President Emeritus Ken Smith has past away. He was a sweet man,and a great inspiration for this site.We're going to miss you.Condolences to all your family and friends.

Rest in peace my friend.
9  Shipspotters all over the world / Site related news, functions and modules / Re: Cees Bustraan on: June 18, 2018, 11:33:32 am
Thanks Cees, for all the good conversations we have had on the net, in the recent years.

We will miss you.

Rest in peace my friend.

10  Shipspotters all over the world / Shipping News and information / DFDS to buy UN Ro-Ro in USD1.15 billion deal on: April 12, 2018, 01:01:37 pm
DFDS, the listed Danish ro-ro shipping and logistics group, has agreed to acquire 98.8% of the shares in Turkish freight ferry company UN Ro-Ro for EUR950 million (USD1.15 billion) from Turkish private equity firms Actera Group and Esas Holding.

The Copenhagen-based company has long sought an acquisition target in the ro-ro space and the Turkish company, with a fleet of 12 ships that operate on services connecting Turkey with Italy and France, meet this objective.

The acquisition will extend the route network of DFDS to the eastern Mediterranean. It already has services that link France with north Africa in the Mediterranean.

UN Ro-Ro operates five routes in the Mediterranean: four connect Turkey and Italy and Turkey and France. The company carried 202,000 freight units in 2017, corresponding to a 34% share of the total market, including land transport.

In addition, UN Ro-Ro operates two port terminals and provides intermodal solutions. For 2018, revenue of EUR240 million and EBITDA of EUR97 million are expected. The company has 500 employees.

There will be operational synergies as well, since UN Ro-Ro’s ships were built at the Flensburger yard in Germany and are quite similar to the Flower-class ships of DFDS.

In addition, UN Ro-Ro’s business model of carrying unaccompanied freight units, mainly trailers, on ro-ro ships between Turkey and the European Union is identical to DFDS’s North Sea business model. This will enable DFDS to leverage its strong track record in this market, the company said.

DFDS said the financing would be structured to retain flexibility and includes an expected equity issue of approximately 5% of the issued share capital. Dividends and an ongoing share repurchase programme will be suspended as part of the financing arrangement.

The company has raised its guidance for this year and said EBITDA should now reach DKK3.0–3.2 billion, having previous forecast it at DKK2.65–2.85 billion.

“With the acquisition of UN Ro-Ro, we are expanding into one of Europe’s most attractive freight markets, which is operationally similar to that of northern Europe. This gives us opportunity, together with the existing strong management team, to leverage our network, fleet, experience, and skills to develop the business further, while supporting the growth of UN Ro-Ro’s customers,” Niels Smedegaard, chief executive officer (CEO) of DFDS, said.

“We are excited to become part of DFDS’s network and the development opportunities this brings to both our customers and employees. I am confident that the industry know-how, combined network capabilities and the financial strength of our new shareholder, will allow UN Ro-Ro to enhance the competitiveness of Turkish exporters and international logistics companies,” said Selçuk Boztepe, CEO of UN Ro-Ro.   

The transaction is subject to approval by the Turkish, Austrian, and German competition authorities, as well as the Italian authorities in relation to the transfer of the Trieste terminal as a strategic asset. Closing of the transaction is expected to take place in June.

In view of the planned fleet renewal at both DFDS and UN Ro-Ro and potential investment opportunities during the next 12–18 months, the DFDS board is recommending a share issue of approximately 5% of the current share capital, or DKK1 billion, as part of the financing structure that otherwise consists of committed term loan financing.

An extraordinary general meeting at DFDS will be held prior to the closure of the transaction and the Lauritzen Foundation, which holds 42% of DFDS share capital, has confirmed its intention to participate pro rata in a share issue.

The UN Ro-Ro purchase can be seen as a step in the consolidation of the still largely fragmented European shortsea ro-ro shipping industry. The DFDS network will, after this deal, range from the Baltic to the North Sea, the Bay of Biscay, and both the western and eastern Mediterranean.

The only other ro-ro shipping company with a comparable network is Naples-based Grimaldi group, which, in addition to shortsea vessels, operates deepsea freight ro-ros and pure car and truck carriers and has a hub in Antwerp to link up many of these services.

Smedegaard told Fairplay that the company had expected the sulphur emission rules covering large parts of European waters from the start of 2015 to push some companies into financial difficulties, making them potential acquisition targets. However, a sharp fall in the price of oil in late 2014 cushioned the effects of the cost of compliance with the rules and the expected investment opportunities for DFDS failed to materialise.

Source IHS
11  Shipspotters all over the world / Shipping News and information / Heung-A Shipping to sell more vessels on: March 26, 2018, 09:56:46 am
South Korean feeder operator and chemical tanker operator Heung-A Shipping, having suffered a larger loss in 2017, disclosed that it will sell another vessel to improve its liquidity.

The company’s CEO, Park Seok-mook, made this announcement at Heung-A’s annual general meeting (AGM) on 23 March.

During the AGM, Park confirmed that Heung-A had sold 1998-built 1,032 teu Heung-A Asia to Chinese buyers for USD3.7 million, chartering back the vessel for USD7,500/day.

Park added that by the end of April, Heung-A will sell the 2002-built 1,032 teu Heung-A Venus.

Since June 2017, Heung-A has been selling older vessels to improve its liquidity as the company’s earnings came under pressure.

In June 2017, Heung-A sold the 1991-built 204 teu Nova (renamed Hai Sheng) for USD770,000. In December 2017, the company sold 2010-built 11,896 dwt chemical tanker Golden Pioneer for KRW17.3 billion.

In December 2017, Heung-A said that it would get nearly USD17 million from Korea Maritime Corporation to expand its fleet.

In November 2017, Heung-A also announced that it would issue 41 million new shares to raise KRW33.7 billion (USD31.6 million) for working capital, after suffering consecutive losses for the first nine months of the year.

The company’s net loss widened to KRW73.43 billion for 2017, from KRW17.17 billion in 2016, amid a competitive intra-Asia and chemical shipping market.

The losses have caused Heung-A’s shareholders’ equity to drop to KRW117 billion, from KRW192.5 billion at the end of 2016.

By segment, while the container shipping unit’s revenue increased slightly, to KRW688.6 billion in 2017, from KRW682.7 billion in 2016, the chemical tanker unit’s revenue was down 5% year on year to KRW908.8 billion.

Revenue from Heung-A’s container segment fell in tandem with cargo volumes, as the company handled 1,220,862 teu in 2017, down from 1,223,973 teu in 2016.

Source IHS
12  Shipspotters all over the world / Shipping News and information / Re: MAERSK HONAM on fire in the Arabian Sea on: March 12, 2018, 08:02:15 pm
Three of the four missing crew members from Maersk Honam, which caught fire last week, have been confirmed dead following the discovery of their bodies on board the ship, Maersk announced on 12 March.

One crew member remains missing; however, a Maersk statement reads, “Given the time passed and the severe fire damage of the vessel, we must conclude by now that we have lost all four colleagues who have been missing since the fire on board Maersk Honam, which began on 6 March. All four families of our deceased colleagues have been informed.”

As a result, the search-and-rescue operation has been brought to an end, while a “thorough search on board Maersk Honam continues”, the statement said.

“Our most heartfelt condolences go out to the families of our deceased colleagues. We share their sorrow and do our utmost to support them at this devastating time,” said the company's chief operating officer, Søren Toft.

Maersk said the condition of the 22 survivors is improving and that those who were in intensive care have now been moved to general wards, while many others have been discharged from hospital.

Smit Salvage and Ardent continue salvage operations on board the stricken vessel, while specialised firefighting vessels “remain engaged”.

India’s marine police will interview the surviving crew members about the incident in what Maersk Line called a “routine investigation”. But the company added that a full investigation to determine the causes of the accident and to ascertain the damages to the vessel and cargo will also be conducted at a later stage.

Source IHS
13  Shipspotters all over the world / Shipping News and information / New services herald start of Hamburg Süd integration with Maersk on: February 22, 2018, 06:20:30 am
Maersk and Hamburg Süd have announced the launch of three new services on its Asia to Latin America trades, Maersk COO Søren Toft told the audience at the company’s Capital Markets Day in Copenhagen on 20 February.

A return of the round-the-world services, first launched by Evergreen in the early 1980s and discontinued some 20 years later, has been announced by Maersk and its Hamburg Süd subsidiary. This will be supplemented with two services operating out of China, via Chile and New Zealand, with one service operating in a clockwise direction and the other counter-clockwise.

Integration of the Hamburg Süd network is set to start in the second quarter of this year, Toft said, adding that the acquisition of the German carrier will allow the company to develop these services.

“With the acquisition of Hamburg Süd we now have the scale and it makes sense for us to go through the [Panama] canal and serve the Caribbean market. At some point you get the scale and you want to do it, but if you don’t have the scale it becomes an expensive option,” explained Toft.

He added that Maersk has a very large market share in the Caribbean market, with Brazil and Argentina starting to recover from three to four years of poor growth. Brazil showed growth last year of nearly 10%, giving lines the opportunity to serve the Caribbean and the northern part of Brazil, meaning that “we don’t have to serve northern Brazil with our service that goes to Asia south of the Cape. It is really a Caribbean and Brazilian product that nobody else can match”.

“We are keeping the commercial front end of Hamburg Süd and we also want to keep their service branding the same. So it’s the same network, but they market it under the ASPA network - ASPA 1, 2, 3, and 5, because 4 is a bad number in China - and Maersk market the same network as the AC services,” Toft told Fairplay.

AC [ASPA] 5 is the global service and there will be 12 or 13 ships of around 10,000 teu operating on this service, while the AC1 service will be operated by 4,500 teu ships and the AC2 and 3 services will be operated by 9,500 teu vessels.

Toft said, “The new AC5 service will call in Asia, the Caribbean, both sides, and then straight back south to the Cape. We have the option, depending on our cargo flows, to once in a while send this service through the Suez Canal and once in a while to send it south to the Cape, but the plan is mainly for it to go round the Cape.”

Cargo bookings for the AC5 service are expected to begin in the next two weeks.

“We have already announced the major port calls but we will give a more detailed overview of the rotations during the early part of March [before] the system goes live about a month later,” promised Toft.

Source IHS
14  Shipspotters all over the world / Shipping News and information / Re: List of worldwide over 5000 containerships on: February 18, 2018, 09:41:22 pm
Thanks Andreas,for your big effort and sharing this exellent list with us.

15  Shipspotters all over the world / Shipping News and information / Shortsea carrier Scotline goes ordering for fleet renewal on: February 01, 2018, 06:54:33 pm
UK shortsea carrier Scotline announced on 1 February the signing of a newbuilding contract for one general cargo ship plus one option at Dutch shipyard Royal Bodewes.

The order for a 4,785 dwt vessel, to be named Scot Carrier, plus an option for an identical sister follows on from last year’s comissioning of a similar ship by Scotline (Scot Navigator) also delivered by Royal Bowedes. Delivery of Scot Carrier with a length of close to 90 m and a beam of 15.2 m is scheduled for November this year.

Operated under the British flag and classed by Lloyd’s Register, the ship will enter Scotline’s core services between Scandinavia, the Baltic Sea region, UK, and Ireland, focusing on forest products as base cargoes and operated with its fleet of eight owned ships. The new investment is part of the company‘s fleet renewal programme, Scotline said in a statement on 1 February.

Scot Carrier will have some new features including bulk heads, container fittings, and lashing points for project cargo on the tank top, in what Scotline’s commercial manager Jon Millatt described as "ticking as many boxes as possible in the design process“ to increase the ship’s flexibility and resale value. A case in point is Scotline’s enhanced capability to cater for market grain cargoes as additional spot business thanks to bulk heads. "We want the ships to be as versatile as possible, so we can move with the market, which will change during the lifetime of the ship,” he said.

Spot earnings in the European shortsea market kept climbing last year, with average net freight rates for business within the North European Sulphur Emissions Control Area rising from EUR8.5 (USD10.13) per tonne in August to almost EUR20 per tonne in November, according to German shortsea broker Arkon Shipping.

Rates eased off at the start of this year although they remain higher than this time during previous years, with underlying demand and sentiment pointing to a relatively strong market throughout the first quarter, Arkon said in a market update on 1 February.

Source IHS
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