Home » Industry Developments » Selected News Headlines 2017

Selected News Headlines 2017


9 December 2017 -15 December 2017



Ballast water training given by Middle East PSC inspectors


Inspectors from Saudi Aramco’s Environmental Protection Department gave guidance on how to verify that ships entering the Kingdom’s ports are discharging ballast waters, according with the D1 and D2 ballast water discharge standards. The goal of this training is to ensure ships are not delayed, thus preventing port congestion and increasing additional cost (Green4Sea: link)


USCG answers questions on Ballast Water

USCG issued a summary of questions asked of Coast Guard panelists and their responses during September’s 4th Annual BWMTech North America Conference.(Grere4Sea:link)


Ten bulker crew missing after piracy attack off Nigeria

Ten crew members were reported missing, after a bulk carrier was attacked by six pirates, while underway, around 32 nautical miles South of Brass, Nigeria. (Safety4sea: link)


Indian Industries Mulling Coal Imports as Power Takes Priority


Indian firms including aluminum smelters and chemical factories are considering importing more coal to ease fuel shortages as most of the country’s output is diverted to electricity generators.(Hellenic Shipping News: link)


Dry bulk FFA market: Capesize gives way to selling pressures

Capesize paper rates were pushed to a week-low on Wednesday despite a steady start but finally gave way to selling pressure. As such, January capesize paper saw numerous trades at $18,500 level before slipping to $16,875, down $2,200 day-on-day.(Seatrade Maritime News: link)

Baltic Dry Index falls to 1619, down 49 points


Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. (Hellenic shipping News: link)


Baltic Dry Index 1,619 1,702 -83 685.00 – 1,743.00


2 December 2017 -8 December 2017




The importance of Ballast Water Management Plan

In a series regarding ballast water, USCG outlined its intention to enforce compliance with the ballast water discharge standards. USCG expects all ballast water discharged to U.S. waters to be managed and reported in compliance with federal regulations. (Green4sea:link)


Dry Bulk FFA: Capesize Market Looking Bullish For the First Quarter of 2018


Capesize Index appears to be technically bullish above USD 20,626. However at USD 13,000 above the 200 period MA we are starting to look over extended.(Hellenic Shipping News: link)


New agreement to improve seafarers’ working conditions


European shipowners and European transport workers jointly welcome the adoption of a Council Directive aiming to improve seafarers’ working conditions, after an agreement between ECSA and the European Transport Workers’ Federation (ETF). (Safety4sea: link)

Global shipping to remain negative during 2018

Global shipping is expected to remain negative, as no material improvement in market fundamentals in 2018 is bound to happen, mainly because of lingering overcapacity, with the tanker shipping sector being the most exposed. (Safety4sea: link)

Iron ore, coking coal cut losses in China as steel regains ground


Chinese iron ore and coking coal futures pared losses on Friday after steel prices recovered some lost ground and data showed China’s imports of iron ore surged last month despite curbs as part of the country’s war against smog. (Hellenic Shipping News: link)


Baltic Dry Index 1,702 1,626 +76 685.00 – 1,702.00



25 November 2017 -1 December 2017





 USCG Type Approvals: An overview

In a latest post, USCG outlines where the industry stands with respect to Type Approval, informing that so far it has approved six BWMSs whereas many are currently under review. (Green4Sea: link)


EU sets deadline for shipping emissions reduction

 The EU confirmed that it will include shipping in its emissions trading system (ETS) if the International Maritime Organisation (IMO) does not deliver effective global measures to reduce shipping emissions by 2023. (Green4sea: link)

IMO: Addressing invasive species

During  the Ballast Water Management (BWM) Convention, IMO addressed the spread of invasive species, which is recognized as one of the greatest threats to the ecological and the economic well-being of the planet. The BWM treaty began in September 2017. This step was recognized at the latest meeting of the Inter-agency Liaison Group on Invasive Alien Species, which held its 8th session in Brussels, Belgium (22-23 November). (Green4Sea: link)


Five piracy incidents reported to ReCAAP ISC last week

 Five piracy incidents against ships in Asia, comprising four actual incidents and one attempted incident, were reported to the ReCAAP ISC, during 21-27 November 2017. (Safety4Sea: link)

 Capesize spot rates set new three-year high

Seasonal upturn adds to optimism for a stronger market in 2018. Capesize spot rates climbed to a three-year high last week adding further confidence surrounding a stronger 2018. (Trade Winds: link)


Chinese Iron Ore Imports: Holding Strong

Chinese seaborne iron ore imports have grown robustly in the year to date, and are currently projected to reach 1,074mt in full year 2017, accounting for more than 70% of global seaborne iron ore imports and around a third of the expected growth in total seaborne dry bulk trade this year. (Hellenic Shipping News: link)

Dry bulk average earnings rise by 63% in 2017

“The stars seem to be aligned in favor of the dry bulk market” one could argue, as the fundamentals seem to be favoring a further rebound in rates. (Hellenic Shipping News: link)



Baltic Dry Index 1,578 1,458 +120 685.00 – 1,588.00


18 November 2017 -24 November 2017




AMSA urges for compliance with ‘fitness for duty’ requirements

AMSA issued a marine notice to draw the attention of vessel owners, operators and seafarers to the need to comply with the fitness for duty requirements, including hours of rest, under the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW Convention) and the Maritime Labour Convention, 2006 (MLC). (Safety4sea: link)

“The best weapon against cyber-attacks is prevention”

The insurance policies that are in use in the shipping industry “are taking on the cyber risks that could strike this sector,” said Alessandro Morelli, the COO of SIAT Assicurazioni, the Unipolsai Group company that specialises in the maritime sector. (Hellenic Shipping News: link)

Critical equipment list prior entering US ports

The Republic of Marshall Islands (RMI) issued a marine advisory to underline the importance of ensuring awareness of the requirements for completing, verifying, and submitting RMI Form MSD 340, ‘Critical Items Checklist’, and ensuring that it accurately reflects the status of the critical items, to avoid unsafe conditions onboard RMI-flagged ships. (Safety4sea: link)

Dry bulk market looking in good shape until the end of 2017

In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a tough couple of weeks for the dry bulk market, with the brakes having been applied by charterers once more and rates rolling back slightly as the market went silent in terms of fresh interest. (Hellenic Shipping News: link)

Rise in spot grain cargoes drives panama freight rates vitality

Bumper crops at major grain producers are giving traders and buyers more options on where to source cargoes. (TradeWinds: link)

 Dalian coking coal, iron ore extend rally to 10-week high

Chinese coking coal futures surged more than 5 percent on Thursday to their highest since mid-September, supported by tighter supply amid Beijing’s environmental clampdown, with fellow steelmaking commodity iron ore also rallying. (Hellenic Shipping News: link)

 Dry bulk FFA market: Glowing optimism for freight rates

This week, capesizes have displayed a solid performance, thanks to active fixing in the Asia-Pacific regions and firming freight derivative rates. The capesize rally has resulted the Baltic Dry Index (BDI) to rise by 17 points or 1.22% to 1,413 points on Wednesday.( Seatrade Maritime: link)



Baltic Dry Index 1,445 1,371 +74 685.00 – 1,588.00
11 November 2017 -17 November 2017



 IMO: No exceptions in 2020 sulphur cap implementation

 Consistent implementation is the only option when it comes to the 0.50% limit on sulphur in fuel oil, which comes into force in 2020 was the message by IMO’s Edmund Hughes, speaking at a conference for the refining and petrochemical industry in Athens, Greece, on 13-15 November.(Green4sea: link)

 Singapore wants to start using aerial drones for remote ship inspections

 The Maritime and Port Authority of Singapore has unveiled plans to leverage aerial drones for carrying out ship inspections beginning as soon as early next year. (GCaptain: link)

 South Korean refiners to invest in low-sulphur fuel

 According to Reuters, South Korean refiners are set to spend $5 billion on plant upgrades in order to comply with the stricter rules about shipping fuel, thus enhancing the production of low-sulphur fuel and high-end products. (Green4sea: link)

 EU support for Libyan Coast Guard is “inhuman”, UN says

 The European Union’s support for Libya’s Coast Guard which has resulted in thousands of migrants being detained in “horrific” conditions inside Libya is “inhuman,” the United Nations High Commissioner for Human Rights said on Tuesday. (Safety4sea: link)

No Longer Sailing South?

The Suez Canal is still the most efficient route to transport large amounts of cargo between Asia and Europe. (World Maritime News: link)

 A Drop In Seaborne Iron Ore Margins

Iron ore prices fell sharply at the tail end of the third quarter, with 62% of iron prices falling 23% between September 13 and October 11, as assessed by S&P Global Platts. (Hellenic Shipping News: link)

 Dry Bulk Demand: China’s infrastructure sector remains strong, whilst the real estate sector is weakening

China’s National Bureau of Statistics (NBS) released their main macro figures for October this week. The general picture painted is of decelerating growth. (Hellenic Shipping News: link)


Baltic Dry Index


Baltic Dry Index 1,371 1,464 +93 685.00 – 1,588.00


4 November 2017 - 10 November 2017




EU Parliament, Council Reach Deal on EU ETS


The European Parliament and Council have today reached a provisional agreement to revise the EU Emissions Trading System (EU ETS) for the period after 2020. (World Maritime News: link)


New resolution for inspection of holds and tanks

The UK P&I Club have received an update from local correspondents Pandi Liquidadores S.R.L, regarding the new SENASA resolution for inspection of holds and tanks in Argentina. (Safety4sea: link)


How will seafarers be impacted by smart ships?


The introduction of autonomous ships, often described as the next step for the maritime industry, is looming as projects have already been launched to make the smart ship concept a reality. (World Shipping News: link)



China’s Oct steel exports fall 35% on year, 3% on month to 4.98 mil mt


China’s steel exports in October hit the lowest level since February 2014 at 4.98 million mt, down 35% on the year and 3% on the month, preliminary data released by the General Administration of Customs on Wednesday showed.(Hellenic Shipping News: link)


Iron Ore Imports Collapse as China’s Great Cleanup Kicks In


Iron ore imports by China slumped last month to the lowest in more than a year, sinking from a record of above 100 million tons, as mills prepared for unprecedented state-ordered curbs on steel output over winter.( Hellenic Shipping News: link)



Caution needed over weakness in China’s imports of iron ore, coal: Russell


If the sharp drop in China’s iron ore imports in October looks suspicious, it should be viewed in the light of the record high the previous month and a holiday week. (Hellenic Shipping News: link)



Dry Bulk FFA market: Bullish capesizes lead the way


Capesize freight rates got a boost from strong fixtures across all routes, thanks to bullish market sentiment. With this support, the Baltic Dry Index (BDI) raced toward the 1,500 points mark and finished 1,486 on Wednesday, up 9 points day-on-day. (Seatrade Maritime News: link)




Baltic Dry Index 1,481 1,476 +5 685.00 – 1,588.00


28 October 2017 - 3 November 2017



IMO: Progress made in GHG reduction strategy

 Despite NGO claims of the industry’s inefficient GHG strategy, IMO stated that the second meeting of the Intersessional Working Group on reduction of Greenhouse Gas (GHG) emissions from ships, on 23-27 October, has made progress in starting to shape a draft initial IMO GHG strategy. (Green4sea: link)


CO2 emissions targets split IMO member states

Emerging and developed economies clash over impact of regulator’s carbon emissions reduction strategy, while environmental campaigners call for more radical action. (TradeWinds: link)


Ten Missing after Cargo Ship Sinks off Turkey

Ten seafarers have been reported missing after the Turkey-flagged general cargo ship Bilal Bal sank some seven nautical miles off the coast of Istanbul. (World Maritime News: link)


IMO meeting addresses unsafe mixed migration by sea

The complexities of migration, as a humanitarian challenge, were discussed on Monday, 30 October, at a meeting hosted by the IMO, bringing together representatives of UN agencies, the maritime industry and European Union naval forces. (Safety4sea: link)


Clarksons: Bulk Carrier Ordering Turns a Corner

 Following limited contracting in the bulk carrier sector in the last three years, ordering has started to pick up with 17.1 million dwt contracted in the first nine months of 2017. (World Maritime News: link )


Prices for dry bulk carriers on the rise

 As more shipowners are piling into the market for secondhand vessels, prices were bound to quickly pick up steam. (Hellenic Shipping News : link)


China’s bauxite imports surge in 2017

Positive for bulkers as growing share of volume originating from West Africa versus Australia. (TradeWinds: link)


Australia: Iron ore exports boost trade surplus

 Australia’s trade surplus has doubled due to a rise in mining exports that is expected to boost economic growth. (Hellenic Shipping News: link)


Incident Photos: Bulk Carrier Glory Amsterdam Aground off Germany

Salvors are monitoring the 225-meter bulk carrier MV Glory Amsterdam which ran aground in the North Sea about 1.3 miles from the German island of Langeoog on Sunday night.(GCaptain: link)



Baltic Dry Index 1,496 1,546 -50 685.00 – 1,588.00
21 October 2017 - 27 October 2017



 Search Called Off Missing Crew of Emerald Star

 The Japan Coast Guard (JCG) has called off the search for the missing crew of the bulker Emerald Star, which went down off Luzon with a cargo of nickel ore on October 13. 16 of her crewmembers were rescued by good samaritan vessels and 10 remain missing. (Maritime Executive: link)


 INTERCARGO: Timely investigation vital for safety enhancement

 On the aftermath of the sinking of the 57k dwt bulk carrier ‘EMERALD STAR’ on 13 October, INTERCARGO notes that lessons need to be learned promptly after maritime casualties and stresses the importance of timely submission of the casualty investigation report to IMO, as a means of identifying the causes of the incident and enabling corrective actions. (Safety4sea: link)


Dry bulk shipowners want wider vetting of stakeholders

Dry bulk ship operators are calling for the wider vetting of the shipping industry with the focus on stakeholders, including charterers, port terminal operators and port state control. (Seatrade Maritime News: link)


 IMO refutes criticism of its efforts on emissions reduction

IMO secretary-general Kitack Lim has been moved to issue a statement reiterating that the International Maritime Organization is a transparent and inclusive body, which has been working for decades to reduce harmful air emissions from ships. (Seatrade Maritime News: link)


 Don’t fear the ‘Belt, say industry leaders

Investments under China’s $900bn Belt and Road Initiative look good in the short term and hopefully in the long term, TradeWinds conference hears (Trade Winds: link)


Shipowners go bargain hunting in the dry bulk sector

The surge of the dry bulk market has prompted a strong turnout in the secondhand sales ships’ market as well. (Hellenic Shipping News: link)


 Fortescue Q1 iron ore shipments up, price forecast down

 Fortescue Metals Group Ltd on Thursday reported a slight rise in fiscal first-quarter iron ore shipments, but also warned its ore was selling at a greater discount than expected. (Hellenic Shipping News: link)


India: 30% of state’s mines may not be operational this year

 Following a recent decision by Goa state pollution control board (GSPCB), over 30% of the state’s iron ore mining leases will possibly not be granted consent to operate.( Hellenic Shipping News: link)



Baltic Dry Index 1,555 1,578 -23 685.00 – 1,588.00


14 October 2017 - 20 October 2017




 Indonesian Nickel Ore-Casualty EMERALD STAR

It was reported in the morning of the 13th October that the 57,000 dwt Bulk carrier EMERALD STAR laden with Indonesian Nickel Ore sank in the Philippines Sea. (Source: INTERCARGO link  )


Dry bulk shipowners want wider vetting of stakeholders

Dry bulk ship operators are calling for the wider vetting of the shipping industry with the focus on stakeholders, including charterers, port terminal operators and port state control. Led by Intercargo, dry cargo vessel owners, believe the assessment of the industry as a whole will lead to pending regulations being implemented and a more efficient greener industry and a concerted effort will be made to involve the weight of IMO in the drive to better assess the industry. (Source: Seatrade Maritime link )


 ERMA FIRST BWTS Receives USCG Type Approval

ERMA FIRST becomes the first full flow electrolysis BWTS vendor worldwide that received the USCG Type Approval on Wednesday the 18th of October, 2017. (Source: Hellenic Shipping News, link)


 MAIB: ECDIS Safeguards ‘Overlooked, Disabled or Ignored’ in Grounding of Cargo Ship Off England

The UK Marine Accident Investigation Branch says that ECDIS safeguards were either “overlooked, disabled or ignored” in the grounding of bulk carrier off the east coast of England last December. (Source: gCaptain link )


 High sulphur bunkers carriage ban to be discussed at IMO

IMO is set to discuss measures to “promote consistent implementation of the 0.50% global sulphur limit” that takes effect from the start of 2020, at the forthcoming IMO Sub-Committee on Pollution Prevention and Response (PPR 5), scheduled for February 2018. (Source: Green4sea link)

Iron ore, coking coal skid again in China as demand concerns emerge

Prices of steelmaking commodities iron ore and coking coal fell sharply Thursday, pressure by worries over slower demand as Chinese mills cut output in line with Beijing’s campaign to fight smog. (Source: Hellenic Shipping News link)


Capesize spot rates double in 12 months.

Spot market rates for capesize bulkers have doubled over the last year –and are up 10% in the last week alone. (Source: Trade Winds link)


Baltic index rises as capesize index hits a near 3-year high

The Baltic Exchange’s main sea freight index, tarcking rates for ships carrying dry bulk commodities , rose for a 12th straight session on Thursday, driven by firm demand for capesize vessels. (Source: Hellenic Shipping News, link)


Baltic Dry Index 1,582 1,485 +97 685.00 – 1,582.00
16 September 2017 - 22 September 2017


IMO warns of bauxite’s hazards as ship cargo

Bauxite may become unstable when carried in bulk on a ship, potentially causing the vessel to capsize, according to a new warning issued by the International Maritime Organization (IMO).

Standard Club: Guidance on Cargo Ships Issues amid Hurricane Irma

Specialist marine and energy insurer Standard Club P&I has issued guidance on issues encountered due to the disruption to cargo vessels caused by Hurricane Irma.

MRV Compliance: What Lies Ahead?

The deadline for shipping companies to submit their MRV monitoring plans for verification expired on August 31.

Co2 reduction from shipping at the centre of ECSA’s meeting

During ECSA’s seminar on Co2 reductions from shipping week, European Shipowners met with stakeholders and European decision-makers to discuss different measures that will minimize the environmental impact of the shipping sector.

BWTS challenges for bulk carriers with gravity discharged top side tanks

For bulk carriers with gravity discharged top side tanks, the installation of a reliable BWTS is an especially challenging task, argues BWTS manufacturer Ecochlor.

OceanSaver files for bankruptcy

Norwegian ballast water management system manufacturer OceanSaver filed for bankruptcy yesterday (13 September) following a few months of uncertainty at the company.,oceansaver-files-for-bankruptcy_49173.htm

China major power generators’ coal stocks sink below 10-Mt mark

Combined coal stocks of China’s six major coastal power enterprises dropped below 10 million tonnes on September 19, the first time in more than five months.

Baltic index extends gaining streak on firm capesize rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a sixth consecutive session, helped by stronger rates for capesize and smaller vessels.

Is there a black swan in bulker recovery story?

Leading dry cargo owners and operators have distanced the present upturn from the false start seen in 2013 but are cautious about the growing optimism for a rebound in the market.

Baltic Dry Index 1,470 1,385 +85 685.00 – 1,470.00


2 September 2017 - 8 September 2017

New IACS chairman emphasizes on flexibility and transparency

Speaking in London, new IACS Chairman, Knut Ørbeck-Nilssen, CEO of DNV GL, announced a series of initiatives designed to ensure that IACS provides the support its stakeholders need in a rapidly changing industry.

IMO Sec-Gen hails industry progress with BWM implementation

On the occasion of the BWM Convention entering into force today, 8 September 2017,  IMO Secretary-General Kitack Lim noted that this is a landmark step towards environmental protection, as it means that shipping communi

ty is now addressing what has been recognized as one of the greatest threats to the ecological and the economic well-being of the planet.

ICS calls for proper implementation of BWM Convention

Ahead of the IMO Ballast Water Management Convention entering into force on 8 September, Esben Poulsson, Chairman of the International Chamber of Shipping (ICS) has called on shipowners, equipment manufacturers and governments to co-operate to ensure that proper implementation of this new regulatory regime will deliver maximum environment benefit.

ICS: BWM Convention Compliance Comes with USD 100 Bn Price Tag

The shipping industry may collectively need to spend around USD 100 billion in order to install the new ballast water treatment systems that will be required by law in order to become compliant with the Ballast Water Management (BWM) Convention that will enter into force on September 8, 2017.

Dry bulk market continues to rally

A boost enjoyed by the dry bulk market at the beginning of the second quarter has been sustained, with the Baltic Dry Index appreciating significantly in the past few months.

Dry Bulk: The Resurgence of Coal Trade Has Sparked the Panamax Market

In its latest weekly report, shipbroker Allied Shipbroking said that “we have been witnessing a strong movement in the coal market over the summer months something that has not only helped boost price..

Baltic Dry Index 1,332 1,183 +149 685.00 – 1,338.00
29 July 2017 - 4 August 2017

New BW initiative at Saudi Aramco ports and terminals

Inchcape Shipping Services (ISS) announced a new initiative concerning all ships from international waters  at Saudi Aramco ports and terminals. From August 16, these vessels will be required to provide a ballast water sample and report.

ASEF wins IMO consultative status approval

Asian shipyards are set to have an increasing influence over ship-construction regulation at the International Maritime Organization (IMO) after a new association was granted consultative status.

Paris, Tokyo MoUs target navigation safety

The Paris and Tokyo MoUs on port state control are launching a joint check on navigational safety this autumn.

Baltic Dry Index Tops 1,000 Points

Aug 3 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday, boosted by higher rates for the larger capesize and panamax vessels.

The Iron Ore Market Is in a ‘Sweet Spot’ Right Now

The world’s biggest producer of iron ore says the industry is enjoying a Goldilocks moment with prices generating a tidy profit but not enough to lure much new supply.

China’s coal imports soar as India’s stumble

China’s imports of coal from the seaborne market surged again in July, providing a stark contrast to a fourth consecutive monthly decline for India.

Baltic Dry Index 1023 933 +90 631.00 – 1,338.00
29 July 2017 - 4 August 2017

US Coast Guard preps ‘E-Zero’ designations

The US Coast Guard is readying new certifications to recognise shipowners for maintaining high safety and environmental standards. But only a few hundred ships may qualify for the designation.

California clarifies requirements for Ballast Water Discharge

In accordance with California Public Resources Code and California Code of Regulations, any vessel that arrives at a California port must have a ballast water using an alternative, environmentally sound method of management that has been approved by the California State Lands Commission or the US Coast Guard, as being at least as effective as ballast water exchange, using mid-ocean waters, in removing or killing non indigenous aquatic species.

USCG updates Ballast Water Management FAQs

The US Coast Guard announced that an updated Ballast Water Management (BWM) Program guidance is available on its public Homeport internet portal.

Scrubbers a good option for bulkers to comply with sulphur cap, MOL says

Installing scrubbers to comply with the global sulphur cap of 0.5% for bunker fuel from 2020 can be a strong option for some dry bulk owners, particularly those operating smaller vessels like handysize and supramax, a senior executive from Japan’s Mitsui OSK Lines said. 

Panama Canal’s Locks to Undergo Scheduled Repairs

The Panama Canal Authority (ACP) informed that the east lane of Miraflores Locks will be out of service for a period of ten days due to scheduled dry chamber repair work.

UNCTAD – world maritime fleet statistics

The United Nations Conference on Trade and Development (UNCTAD) issued statistics regarding the world maritime fleet. UNCTAD this week uploaded 2017 maritime statistics on the world shipping fleet by flag and by country of ownership, as well as the 2016 tonnage for ship building and scrapping.

Dry Bulk Market: Confidence Is Growing Among Ship Owners

Things are shaking up in the dry bulk market of late. In its latest weekly report, shipbroker Intermodal said that “after an admittedly challenging 2016, the Dry Bulk market kicked off this year on a much more positive note, with all indices steadily increasing until the end of March market peak.

Baltic Dry Index 942 977 -35 631.00 – 1,338.00
22 July 2017 - 28 July 2017

South Korea to inspect converted VLOCs

South Korea is joining other nations in carrying out inspections of converted very large ore carriers following the loss of Stellar Daisy in March.

 85% of refiners are not ready for Sulphur Cap 2020

 A new survey conducted by consulting company KBC found that the majority of refiners don’t have a back-up plan to cope with the Sulphur requirements effective from 2020, as only 15 per cent of oil refiners know how they are going to handle it. With an estimated industry cost of $2 billion to meet the 2020 sulphur limit rule, the findings suggest that there is still uncertainty around how to respond.

USCG updates electronic chart policy

The U.S. Coast Guard announced an update to its navigation guidance for the use of electronic charts in lieu of paper charts and publications.

Preparing for Concentrated Inspection Campaigns 2017

As the Port State Control’s concentrated inspection campaigns (CIC) on Safety of Navigation and Life Saving Appliances will start on 1 September 2017, DNV GL summarizes considerations on how to prepare for the upcoming inspections.

Japanese owners demand charter payment up front

New clause for higher risk charters will call for advance payments as a form of security.

S&P activity above trend in first half

Sale-and-purchase activity has spiked this year as one of the few areas of shipping to have seen above average figures, according to Clarksons Research. The higher activity came as bulker values climbed by 25% in the first three months of the year but earnings remained below industry averages for the largest vessels across the first half.

China steel, raw materials sink on profit taking

China steel rebar and steelmaking raw material futures sank on Thursday as speculative investors booked profits from a recent rally for iron ore and coking coal that was spurred by hopes bumper steel production would drive demand for the products.

 Rise in Brazil iron ore activity supports capesize market

 Capesize earnings rose to the highest level this month as activity from Brazil gained traction leading to a more positive tone in the Pacific.

Baltic Dry Index 964 900 +64 631.00 – 1,338.00
15 July 2017 - 21 July 2017

 New dates for BWTS implementation

The IMO’s MEPC Committee have agreed amendments to Regulation B-3 of the Ballast Water Management (BWM) Convention, entering into force on 8 September 2017, to implement a new schedule for the D-2 requirements (i.e. ballast water treatment) 

MEPC 71: 2020 deadline reaffirmed as IMO agrees to promote consistent implementation

Any suggestion that there may be any form of delay to the 1 January 2020 implementation of the 0.50% sulphur limit in 2020 was ruled out at the 71st session of the Marine Environment Protection Committee last week, as a majority of member states rejected a proposal to collect data to allow the International Maritime Organization to take stock of the availability situation ahead of 2020.

European Shipowners hail progress noted at IMO MEPC

The European Community Shipowners’ Association (ECSA) believes that important progress was made last week at the IMO’s MEPC meeting, where there was a general willingness among governments to commit to developing a strategy towards reducing shipping emissions. The European Shipowners said that they are also ready to play their part in this challenge.

Bureau Veritas launches e-solution for BWM

Bureau Veritas announced the launch of the ‘My Ballast Water Management Plan’ (My BWMP) platform, aiming to assist ship owners to get their International BWM Certificate and approved BWM Plan, ahead of Ballast Water Management Convention entering into force on 8 September.

Bulker newbuilding deliveries race ahead of scrapping levels

A drop in dry cargo scrapping levels saw bulker newbuilding deliveries outpace ships heading to the breakers’ beaches by three to one in the first half of 2017, according to new figures from Banchero Costa.

China steel exports ease in June, aluminium shipments steady

China’s exports of steel products eased in June from the month before as tight local supply kept material at home, while shipments of aluminium were steady, customs data showed on Thursday.

Iron ore exports to China from Australia’s Port Headland edge down in June

Iron ore shipments to China from Australia’s Port Hedland terminal dropped to 36.6 million tonnes in June from 38 million tonnes the month before, port data released on Friday showed.

Panamax rates steady amid lower trading activity

The pace of the panamax bulker market has slowed in the past week, particularly in the Atlantic basin, but brokers still held on to expectations of a rebound in coming weeks. -trading-activity

Baltic Dry Index 888 822 +66 631.00 – 1,338.00
8 July 2017 - 14 July 2017

USCG stresses difference of BWMC and US ballast methods

The US Coast Guard issued a Safety Information Bulletin, aiming to remind shippers that the US is not signatory to the International Convention for the Control and Management of Ship’s Ballast Water and Sediment (BWM Convention) and that vessels discharging ballast water into the waters of the US must comply with the country’s requirements.

Boiler explosion highlights MGO challenges

A safety bulletin from the UK Marine Accident Investigation Branch (MAIB) concerning a fatal explosion on the ‘Manhattan Bridge’ highlights the challenges of low-sulphur distillate fuel.

MEPC 71 considers amended BWM timeframe

IMO MEPC 71 tentatively accepted an amended implementation scheme for ships to comply with the D-2 biological standard under the Ballast Water Management Convention,  according to an Interim Brief  provided by ABS. The scheme, if approved by the Committee on July 7th, will be circulated to Member States for adoption at the next MEPC in April 2018.

IMO moves toward ballast water extension

Regulators set to rubber stamp deal that will give owners at least two more years before they have to fit treatment systems.

Governments urged for legislation on fair treatment of seafarers

London-based  Seafarers Rights’ International (SRI) has introduced a new initiative, which aims to harness the support of governments worldwide in implementing locally-binding legislation on the fair treatment of seafarers, following a maritime casualty. Representatives from more than 50 countries attended a specially convened workshop on the subject organised by SRI, and addressed by key speakers including Kitack Lim, Secretary General of the IMO.

Soybean cargoes piling up at China’s ports as imports surge

 Ships carrying as much as 700,000 tonnes of soybeans are lined up along China’s coast waiting to discharge, traders said, as huge purchases in recent months by the world’s top buyer led to severe congestion and lifted stockpiles to multi-year highs.

China iron ore drops for 3rd day as demand slips in buyers’ market

Chinese iron ore futures fell for a third day running on Thursday amid a persistent glut of the steelmaking raw material that has similarly pressured spot prices.

Baltic Dry Index 829 920 -91 631.00 – 1,338.00
1July 2017 - 7 July 2017

“Ballast Water Management: Regulation should not distort the market’s level playing field”

In view of the International Maritime Organisation’s (IMO) Marine Environment Protection Committee upcoming meeting (MEPC 71 during 3-7 July 2017), INTERCARGO re-iterates its welcoming the entry into force of the Ballast Water Management (BWM) Convention in September.

INTERCARGO: BWM Convention should not distort the market

In view of the IMO’s Marine Environment Protection Committee upcoming meeting (MEPC 71), on 3-7 July, INTERCARGO reiterates its welcoming the entry into force of the Ballast Water Management (BWM) Convention in September and stresses the potential impacts of its implementation on bulk carriers, suggesting that the regulation should respect the nature of the industry.  

IMO’s meeting focuses on GHG emissions reduction

Nearly 300 delegates from IMO Member States, international NGOs and intergovernmental organizations have gathered at IMO Headquarters in London, for the first meeting of the Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships, on 26-30 June. The group, which is meeting in a closed session, will provide a report to next week’s session of the Marine Environment Protection Committee (MEPC 71).

Shipping industry unites to propose ambitious CO2 reduction objectives to global regulator

Four major international trade associations – BIMCO, INTERCARGO, International Chamber of Shipping (ICS) and INTERTANKO – have made a joint proposal to the UN International Maritime Organization (IMO) concerning ambitious CO2 reductions by the international shipping sector, which is responsible for transporting about 90% of global trade and 2.2% of the world’s annual man-made CO2 emissions.

‘Ballast water issue may consign bulkers to scrap’

Technical difficulties in fitting ballast water treatment systems to topside tanks in bulkers could be enough to marginalise “thousands” of quality vessels and lead to premature scrapping, according to dry bulk industry association Intercargo.

 Iron ore headed for best June since 2009, but outlook shaky

 Spot iron ore prices were set to post their biggest gain for the month of June since 2009 after this week’s rally fuelled by a stronger futures market in China.

Dry bulk charter rates forecast to rise in second half

DRY bulk charter rates are expected to become more stable and rise gradually in the second half as longer-term drivers remain intact, NRA Capital said.

 China shuns Indian iron ore in favour of Australia’s

Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking.

Baltic Dry Index 920 870 +50 631.00 – 1,338.00
24 June 2017 - 30 June 2017


Shipping associations propose to IMO aspirational objectives for cutting CO2 emissions

BIMCO, Intercargo, International Chamber of Shipping and Intertanko have made a joint proposal to the International Maritime Organization, with goals to substantially reduce CO2 emissions in the global shipping sector.

ICS urges IMO to finalise BWM implementation dates

ICS says that IMO decision on BWM implementation dates at forthcoming MEPC 71, will be critical, having significant implications for around 40,000 existing ships and urges IMO to back a carefully crafted proposal, from a broad coalition of governments. ICS supports that a pragmatic proposal, from a broad coalition of governments.

 Dry Bulk and World Economy: A glimmer of hope

Demand for dry bulk commodities from emerging economies could be set for a rebound. In its latest weekly report, shipbroker Allied Shipbroking noted that “during the past weeks, we have seen many organizations and think tanks show a more optimistic face with regards to the world economy.

Polaris sends elderly VLOCs into cold layup

Polaris Shipping, the troubled South Korean dry bulk owner, has decided to send some of its vintage ore carriers into cold layup following a fleet-wide inspection in the wake of the sinking in March of its 1993-built ship, Stellar Daisy.

Changes in dry bulk carrier inspection triggers announced

Effective 01 January 2018 RightShip’s age trigger for a bulk carrier inspection for vessels over 8,000 dwt will change from 18 years to 14 years, after which an annual acceptable RightShip inspection will be required, according to the company. The observations of Inspectors feeds back into the vetting process, providing critical control to improve safety.

Paris MoU issues performance lists for 2016

At its 50th meeting last month, the Paris MoU Committee approved the 2016 inspection results and adopted new performance lists for flags and Recognized Organizations. These lists will take effect from 1 July 2017.


Baltic Dry Index 855 851 +4 596.00 – 1,338.00


10 June 2017 - 16 June 2017

Fourth ballast water system wins USCG type approval

Qingdao-based company becomes the first non-Westerns player to win type approval.

China launches CIC for aging bulk carriers

The China Maritime Safety Administration (China MSA) announced the launch of a Concentrated Inspection Campaign  (CIC) focusing on large bulk carriers of more than 10,000 gross tonnage (GT). The campaign will be held during the second semester of 2017, starting from 15 June 2017 through 31 December 2017.

World’s first class electronic certificates to be launched

ClassNK said that it will commence operation of the world’s first comprehensive electronic certificate service for classification and statutory certificates, starting from 15 June 2017. The service, ClassNK e-Certificate, will first be made available to Liberian-flagged vessels on the ClassNK register exclusively.

LR to Certify Unmanned Vessels with New Code

UK-based maritime classification society Lloyd’s Register (LR) has launched a goal-based code that takes a structured approach to the assessment of unmanned marine systems (UMS) against a set of safety and operational performance requirements.

Singapore provides guidance on BWMC compliance

MPA Singapore issued a circular, informing that the country has acceded to the International Convention for the Control and Management of Ships Ballast Water and Sediments, 2004 which will come into force internationally on 8th September 2017.

Baltex slips as capsize rates fall

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Thursday as capesize rates fell for the second straight day.


Baltic Dry Index 855 824 +31 580.00 – 1,338.00
3 June 2017 - 9 June 2017

Ballast Water Treatment Systems – Check Your Charter Party, Says North P&I

Retrofitting vessels to comply with the upcoming BWM Convention may affect the vessels’ performance, Intercargo has warned. Areas that are most likely to be affected are ballast transfer performance and bringing increased power demands. As a result, North P&I Club has cautioned owners to check their charter parties.

BHP Billiton gets behind unmanned ships

Mining giant wants autonomous revolution for its cargoes within 10 years. It wants to carry iron ore and coal on autonomous bulkers as it seeks partners for technological changes. BIMCO President Elected

Anastasios Papagiannopoulos, CEO of the Greek shipping company Common Progress, has been elected President of BIMCO, the world’s largest international shipping association, with 2,100 members in more than 120 countries.

Ships affected after diplomatic crisis in Middle East

As of 6 June 2017, ports across Saudi Arabia, Bahrain and the United Arab Emirates (UAE) are closed to ships flying Qatari flags.Some ports may also be closed to ships, irrespective of their flag, that are destined for or arriving from Qatari ports, which in practice, means a trade embargo.

IMO outlines GloBallast highlights

IMO outlines the key achievements of the GloBallast Partnerships Programme, executed by IMO in collaboration with the Global Environment Facility (GEF) and the UNDP.

Shipowners welcome conclusions on EU maritime transport policy

European Transport Ministers adopted conclusions on the priorities for the EU’s maritime transport policy until 2020. The conclusions endorse the content of the “Valletta Declaration” adopted at the informal ministerial conference organised by the Maltese Presidency, end of March.

Capesize earnings ease on holidays and limited cargo

Although capesize earnings were lower than last week, they were beginning to show signs of improvement, albeit ever so slightly.


Baltic Dry Index 824 830 -6 580.00 – 1,338.00
27 May 2017 - 02 June 2017

Ballast Water Management Convention to be postponed?

The Ballast Water Management (BWM) Convention is scheduled to enter into force on September 8, 2017. However, a number of administrations have co-sponsored a proposal to the International Maritime Organization (IMO) that could delay the requirements for fitting ballast water treatment systems on existing vessels until 2019, North P&I Club informs.

Paris MoU, Tokyo MoU announce CIC on ECDIS

The Paris Memorandum of Understanding (MoU) has announced that it will be conducting a concentrated inspection campaign (CIC) jointly with the Tokyo MoU. The CIC will focus on navigation safety, including Electronic Chart Display Information Systems (ECDIS).The Black Sea MoU will also participate in same CIC campaign.

 EU MRV: Friend or Foe?

The implementation of the EU MRV is fast approaching, mandating the monitoring, reporting and verification of the CO2 emissions from ships larger than 5,000 gross tons that call at ports in the EU region.

Trump announces U.S. will exit Paris climate deal, sparking criticism at home and abroad

President Trump announced Thursday afternoon that he is withdrawing the United States from landmark Paris climate agreement, an extraordinary move that dismayed America’s allies and set back the global effort to address the warming.

Call for new standards on responsible ship recycling

During Nor-Shipping 2017, ABN AMRO, ING and NIBC presented the Responsible Ship Recycling Standards (RSRS) for ship financing and called upon other financial institutions to unite in endorsing these. The banks hope to raise awareness of the importance of improving the end-of-life stage of ships. 

Brazil Port State Control to inspect all converted VLOCs before loading

Brasil’s Port State Control is to inspect all very large ore carriers that have been converted from very large crude carriers calling at its ports.

 180k DWT class LNG-fuelled bulk carrier design joint development project announced

Hyundai Heavy Industries (HHI) and Lloyd’s Register (LR) have today announced at Nor-Shipping 2017 a joint development project (JDP) to design 180k DWT class bulk carriers. 

Lack of trading activity drives down capesize earnings 

Capesize bulker earnings fell further in the past week as sharp drop-off in iron ore demand translated into a lack of activity from all the major iron ore miners in Brazil and Australia.

Dry Bulk FFA: Capesize Index- Remains in the support zone

The Capesize index remains within the technical support zone between USD 9,468-USD 12,345 and continues to price lower.

Baltic Dry Index 830 912 -82 580.00 – 1,338.00

20 May 2017 - 26 May 2017

Bulker Crewman Dies in Berthing Accident in Quebec

The Transportation Safety Board of Canada (TSB) has deployed a team of investigators to the Port of Trois-Rivières, Québec, following an accident involving the bulk carrier Nord Quebec in which one person died.

 Update: BWM provisions in Argentina suspended

West of England P&I Club informed that the implementation of the new ballast water (BWM) regulations in Argentina, as published on April, has been suspended, according to the Club’s representatives Pandi Liquidadores.

IEA: Shipping Lagging Behind in CO2 Reduction

The International Bunker Industry Association (IBIA) issued a statement regarding the continuous pressure that is growing on the International Maritime Organization (IMO), to deliver specific commitments to reducing greenhouse gas emissions, with proposals set by the International Chamber of Shipping and other shipping organisations.

Shipping is moving back to its ‘normal’ state

Despite views that the industry seems to be in a prolonged slump overall, shipping may actually be in the process of returning to its ‘normal’ state, said Clarksons Platou Asia director John d’Ancona at Clyde & Co’s Asia Pacific Marine Conference in Singapore.

Turkey-Russia trade deal seen unlikely to affect wheat market short term

Traders said they expected there to be little impact on short term trading in Russian wheat from Monday’s signing of a memorandum of understanding between Turkey and Russia to remove all trade restrictions on on agricultural products between the two countries.

Chinese sugar tax to hamper demand for bulkers

China, the world’s biggest sugar importer has imposed a hefty import tax on sugar imports to protect its domestic producers on Monday. The move will likely reduce demand for geared vessels and tonne miles for the segment.

Panamax bulkers slump to five-month low amid debates over China factor

Panamax bulker rates have fallen to their lowest in almost five months, dragged down by a lack of fresh business in both the Atlantic and Pacific regions and swelling tonnage lists.

Baltic index hits lowest since early March on tepid demand

The Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, on Thursday fell to its lowest since early March as demand slowed across all vessel segments.

Baltic Dry Index 918 957 -39 580.00 – 1,338.00
13 May 2017 - 19 May 2017

INTERCARGO wants action by USCG and IMO over bulk carrier ballasting

Published: 17 May 2017  / Please read the article of the BALLAST WATER Treatment Technology portal here,intercargo-wants-action-by-uscg-and-imo-over-bulk-carrier-ballasting_47726.htm

INTERCARGO Requests Changes to Ballast Water Requirements

Published: 15 May 2017  / Please read the article of the MARITIME EXECUTIVE here

Shipping companies highly vulnerable to cyber attacks

Shipping emerged relatively unscathed from the recent cyberattack by the malicious WannaCry ransomware program that crippled organisations and corporations around the world.

INTERCARGO: In search of answers on BWM practical problems

INTERCARGO says there are significant problems with the implementation of the Ballast Water Management regulation that need to be resolved immediately, considering that the Convention will be effective in less than five months.

Polaris reaches settlement with missing crew’s families

Polaris Shipping, the South Korean operator of Stellar Daisy, that sank in the South Atlantic, on March 31st, has reached a compensation agreement with the families of the most missing crew members, without detailing financial terms.

Safe Bulkers narrows net losses as market conditions improve

NEW York-listed Safe Bulkers saw first-quarter net losses narrow significantly to $3.3m compared to a $17.8m net loss in the year ago period as freight rates in the dry bulk segment recovered, while expenses declined.

Panamax bulkers weaken as owners look for east coast South America push

FREIGHT rates for panamax bulkers have again lost ground over the past week in an otherwise quiet market.

Coal to be India’s energy mainstay for next 30 years: policy paper

Coal will remain India’s main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters.


Baltic Dry Index 957 1014 -57 580.00 – 1,338.00


6 May 2017 - 12 May 2017

INTERCARGO addresses BWM possibilities and impossibilities

INTERCARGO welcomes and supports the Ballast Water Management (BWM) international initiatives and legislation however, it should be recognised that the implementation needs to be made in the most effective and practical manner possible. Therefore, the Association has issued a paper providing its insights on the current relevant developments that much concern the shipping community.

Cracks found on another Polaris VLOC

Cracks have been found aboard another Polaris Shipping-operated very large ore carrier (VLOC), the 1994-built Stellar Queen, following an inspection of the ship which was conducted in Sao Luis, Brasil.

Parakou Shipping’s CC Liu dies

Hong Kong Shipowners Association pays tribute to founder of bulker and tanker group.

Ops at Richards Bay Dry Bulk Terminal Back to Normal after Strike

Operations at Richards Bay Dry Bulk Terminal are returning to normal, following a disruption by striking workers on Monday and Tuesday this week, Transnet has advised.

General cargo vessel sinks off the Philippines

The Philippine Coast Guard rescued all 22 crew members from the vessel, however the vessel left some oil residue at the wreckage site and is still carries nearly 4,000 liters of fuel, raising envronmental concerns from local authorities.

UK campaign informs school students on maritime career

The UK Chamber of Shipping announced that a campaign, bringing seafarers into classrooms and careers fairs, is growing in popularity and has been nominated for an award. Over 310 volunteers are currently involved in Careers at Sea’s Ambassadors campaign, which provides information about careers in the Merchant Navy to schools and careers fairs across the UK.

Capezise earnings bounce back on fresh demand

Capesize earnings have rebounded on fresh demand from Australia and Brazil.

Dry Bulk Market: Where to From Here? 

The dry bulk market has softened considerably during the month of April, as the Baltic Capesize Index was down by 29% on the month, with the overall index (BDI), the industry’s benchmark, down by 13%.

Dry Bulk: Grains Trade Could Offer Support to the Market

A demand slowdown, coupled with increased tonnage supply has put pressure on dry bulk freight rates over the past few weeks. In its latest weekly report, shipbroker Intermodal said that “over the past months, Capes and Panamaxes freight rates increased significantly by demand for more shipments, together with record steel production in China, and that has helped boost stockpiles at local ports.

Baltic Dry Index 1,012 994 +18 579.00 – 1,338.00

29 April 2017 - 5 May 2017

New moisture alert over Philippines nickel ore exports

Heavy rains and mine closures have led to a new warning over the safety of Philippines nickel ore exports.

 IMO encourages women to join maritime sector in Pacific

IMO funded a discussion meeting held by the Pacific Women in Maritime Association (PacWIMA) in Nuku’alofa, Tonga, on 24-28 April, which focused on the regional commitment of the Pacific on the advancement of women and gender equality in the maritime sector.

AMSA’s review on air emissions from ships

AMSA issued new Marine Notice to provide general information of the effective regulations for the prevention of air pollution from ships.

ABN AMRO to Finance BWT System for Celsius Shipping

Dutch ABN AMRO Transportation has concluded the world’s first financing for the installation of a ballast water treatment system (BWTS) on several vessels for the Denmark-based shipping firm Celsius Shipping.

Coal India April 2017 production slips 4.1%

Coal India’s coal production in April 2017 declined by 4.1 per cent to 38.44 million tonnes as compared to 40.09 million tonne produced in the comparable month of last year.

US coal export ban bad for Canada

Port operator says retaliatory action over US ban on log imports would only be self-defeating.

China iron ore slides most since November as steel falters

Chinese iron ore futures tumbled 8 percent on Thursday, to their biggest single-day fall in more than five months, on concerns that demand for the raw material was at risk from slower steel consumption.

Yard overcapacity holding back newbuilding price recovery

Newbuilding prices in China appear to have bottomed out, but a lack of support in market fundamentals has led to concerns over a sustainable recovery.

Capesize and Supramax Values on the up says VesselsValue

Bulker values have been variable this month. Capesize and Supramax values have firmed whilst Panamax and Handy vessels have stabilised in older tonnage.

Panamax bulkers dive 17% on limited cargoes

Analysts expect quiet few days due to holidays in countries. Panamax bulker earnings sank 17% in the week on a lack of cargoes and a growing list of available vessels, according to analysts.

Is it time to load up on shipping stocks? Baltic Dry Index signals as much

 After a long break, Baltic Dry Index, which tracks global shipping rates, has once again started to move. It had corrected almost 95 percent from the levels of 12,000 in May 2008.

Baltic Dry Index 1,004 1,109 -105 579.00 – 1,338.00
21 April 2017 - 28 April 2017

Polaris to assess converted VLOC’s hull strength

South Korea’s dry bulk owner Polaris Shipping may look to strengthen the hulls of its converted very large ore carrier fleet following the capsize of Stellar Daisy at the end of March.

BWMS: Why bulkers are different

APRIL 25, 2017 — The U.S. dry bulk market will face a shortfall of vessels in a few years of time unless owners of this type of vessel can persuade the U.S. Coast Guard that bulkers face a number of specific difficulties in implementing the requirements of Ballast Water Management (BWM) regulations (MarineLog:

Bulk carriers face BWM challenges

Ahead of the IMO’s Marine Environment Protection Committee (MEPC) meeting in July, bulk carrier association Intercargo has outlined some of the difficulties facing the segment as it looks to implement the requirements of the Ballast Water Management (BWM) Convention (the Motorship:

 USCG’s PSC 2016 Annual Report shows drop in detentions

The US Coast Guard’s Port State Control 2016 Annual Report has been released by the Foreign and Offshore Compliance Division of the Office of Commercial Vessel Compliance, mentioning a decrease in detentions from 202 to 103, its lowest through the last five years.

The Tokyo MoU Annual Report has been published

The Tokyo MOU annual report for 2016 has just been published on the Tokyo MOU website.

Master blamed for bulker dock crash

A bulker master’s failure to have engines ready when an anchor chain broke has been identified as the cause of its smashing into a US sugar dock.

Chinese iron ore imports to drive dry bulk shipping demand

China’s import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shipping of grain, according to a recent forecast by BIMCO.

China March iron ore imports from Australia rise 7.5% on year to 58.95 mil mt

China imported 58.95 million mt of iron ore from Australia in March, up 7.5% year on year and up 17.8% month on month, according to data released Wednesday by the General Administration of Customs.

Capesize Market to Benefit from increased Chinese Steel Production

The Capesize dry bulk market is bound for a renewed sense of optimism, as higher steel production in China bodes well for its long term prospects, according to shipbrokers. In its latest weekly report, Cotzias Intermodal Shipping said that “iron ore prices have been on a rollercoaster ride over the last month.

Capesize bulkers bottom after 12% drop but outlook still soft

Capesize bulker earnings, which have been on a decline since April 13, are rebounding this week  but only just.

15 April 2017 - 21 April 2017

New E-Zero initiative will recognize exceptional compliance

The Coast Guard’s Office of Commercial Vessel Compliance is pleased to announce the QUALSHIP 21 E-Zero Program, which officially commences July 1, 2017.

IACS “anxious” about Stellar Daisy loss

The head of the International Classification Societies says he’s ready from any defects or mistakes made in the run up to the recent sinking of the Stellar Daisy VLOC.

Actions for sustainable blue economy in Med

The European Commission launches a new initiative for the sustainable development of the blue economy in the Western Mediterranean region. The region covers economic hubs like Barcelona, Marseille, Naples and Tunis. It also includes tourist destinations like Balearic Islands, Sicily and Corsica.

Dry Bulk: Newbuilding Prices Inch Higher

A slight increase in demand, at least in terms of enquiries, has prompted shipbuilders to try to move newbuilding prices for dry bulk units to higher ground.

 Brazilian CSN terminal outage threatens capesize market

Average cape earnings down 10% on week as outlook turns bearish. Capesize bulker markets face fresh traffic disruption following the reported halt of operations at Brazil’s Itaguaí terminal, operated by mining firm Companhia Siderúrgica Nacional.

Dry bulk market springs a surprise but sweats on slower second half

Maritime Strategies International (MSI), a leading independent research and consultancy has forecast a positive short term outlook for dry bulk freight rates, but has cautioned on second half prospects. MSI notes a persistent and positive shift in dry bulk market sentiment in recent weeks, with most Baltic indices at their highest point of the year.

Seafarers’ payment during piracy discussed at ILO meetings

The International Marine Contractors Association (IMCA) actively participated, on behalf of the Maritime Employers’ Group, in the International Labour Organization (ILO) Working Group of the Special Tripartite Committee (STC), established under the Maritime Labour Convention (MLC) – the international treaty covering minimum working and living standards for seafarers.

Singapore launches second maritime leaders training programme

Port authorities partnered Singapore Management University with Human Capital Leadership Institute to host programme.

DNV GL verifies compliance with EU MRV regulation

DNV GL recently announced that it gained the accreditation from German accreditation body DAkkS to verify compliance with the EU Monitoring, Reporting and Verification (EU MRV) regulation. The regulation, part of the EU’s commitment to reduce greenhouse gas emissions, requires operators to monitor and report on CO2 emissions based on ship fuel consumption. It applies to all merchant ships of 5,000 GT or above calling at EU (and EFTA) ports.

8 April 2017 - 14 April 2017

Leaking Polaris VLOC held off South Africa

Update: Incident is second in a week for Polaris following loss of the Stellar Daisy. A Polaris shipping-owned very large ore carrier has been held off South Africa with hull cracks.

Change hopefully happens

After loss of Stellar Daisy with 22 seafarers we might hope there will be an eagle eye cast over similar conversions and a tightening-up of structural inspection. Different ships, different long splices, said the old seafarers. What’s the difference between a very large crude carrier and a very large ore carrier? Apart from the obvious major differences in the general arrangements, there are others revolving around the structural stresses which the very different cargo will impose upon the ship.

Shipping safer with maritime pilots, IMO says

Maritime pilots are a strong and essential link in the structure that underpins the safety of international shipping. This was the message delivered by IMO Secretary-General Kitack Lim to the 70th meeting of the International Maritime Pilots’ Association (IMPA) in Rome, Italy, on April 11.

Australia: Up to 13Mt of Old coking coal exports to be delayed

Between 12-million and 13-million tonnes of coking coal exports will likely be delayed from Queensland, following ex-Tropical Cyclone Debbie.

Argentina to require ballast chlorination

West of England P&I Club informs that its correspondents Liquidadores, Buenos Aires, have advised about demands being made by the Sanitary Authorities at the Port of San Lorenzo, Argentina, for vessels, to produce a certificate of chlorination pertaining to the ballast waters on-board.

Gibraltar sees close encounter of the bulker kind

Japanese supramax almost  runs into Greek capsize after being struck by strong gust of wind.

IUMI notes growing number of major vessel casualties

Marine insurers and underwriters will continue to face challenges in the days ahead as major vessel casualties ticked higher over 2016, said the International Union of Marine Insurance.

China sends back North Korean coal shipments, buys more from the US

China appears to be serious about its ban on North Korean coal, ordering Chinese trading companies to return millions of tonnes of coal back to its nuclear-obsessed neighbor.

Panamax bulkers look for further gains after earnings hit 39-month high

Mood is buoyant on coal shipments from US after cyclone disrupts Australian exports and South American grains. Spot markets of panamax bulkers look set to remain bullish on healthy vessel demand for grains from the east coast of South America and coal shipments from major exporting nations other than Australia, where traffic has been disrupted in the wake of Cyclone Debbie.

Studying potential consequences of climate change in Rotterdam port

Rotterdam port Authority has announced that the port area is effectively protected against floods. While most of the port area is situated outside the dikes, these port sites are elevated relatively high above sea level and are partly protected by storm surge barriers. Only under particularly extreme weather conditions will a small number of companies be affected by limited flooding.

1 April 2017 - 7 April 2017

INTERCARGO calls for Stellar Daisy probe

INTERCARGO has called on relevant parties in the Stellar Daisy incident to submit a casualty investigation report to the International Maritime Organization in a timely matter to address industry safety concerns.

Cargo vessel sinks off Uruguay

Twenty-two crew members are missing, after a South Korean cargo vessel probably sank in the South Atlantic, about 2,500km off Uruguay. Two sailors are saved. The “Stellar Daisy” has actually gone missing and is believed to have sunk.

Stellar Daisy: A message from IMO Secretary-General

The news that the search for survivors from the Stellar Daisy has not yet proven successful is sad indeed. Reports from the Uruguayan Navy indicate that fuel, debris and empty lifeboats have been found but, so far, nothing else. Twenty-two of the ship’s 24 crew members are missing but we always live in hope that a miracle may happen.

Suez Canal offers perks to bulk carriers

Vessels bound from Australia and South Africa to Europe are given 75% and 40% discounts. The Suez Canal has introduced a new discount for bulk carriers following similar sweeteners offered top tankers and boxships in previous months.

Seafarer’s union seeks stricter regulations on Stellar Daisy

The Federation of Korean Seafarer’s Unions condemn the government and Polaris Shipping for the slow response over the disappearance of tore carrier Stellar Daisy and calls for stricter regulations.

Stellas Daisy tragedy throws converted VLOCs into spotlight

Safety checks are being lined up to test the structural integrity of series of oil tankers converted to very large ore carriers after major loss in the Atlantic claiming 22 lives.

Queensland coal ports start to re-open

But several mining companies call force majeure on mines feeding Dalrymple Bay Coal Terminal. Coal export facilities in the Australia state of Queensland have begun to re-open in the wake of last week’s Cyclone Debbie.

Another BWTS company applies for USCG approval

Ecochlor announced that it has filed an application with the USCG for Type Approval for their Ballast Water Treatment System (BWTS).  Upon USCG approval, the Ecochlor® BWTS aims to extend the range of options for shipowners beyond UV and electrochlorination technologies.

How ETS could be problem to EU shipping

Following the recent vote of the European Parliament to include shipping in the Emission Trading Scheme of the European Union, some weeks ago, Hapag-Lloyd company stated that this poses a huge problem in the industry, as it could significantly change it.

Dry Bulk Market Showing Signs of Strain

Optimism is easy to find these days, when it comes to the prospects of the dry bulk market, especially after March’s fine performance of the Baltic Dry Index (BDI), the industry’s main benchmark.


25 March 2017 - 31 March 2017

EU transport ministers back IMO over emissions in Valletta Declaration

EU transport ministers called on EU member states and the European Commission to work with the IMO to produce an ambitious greenhouse gas emission strategy in 2018, as provided for by the IMO’s October 2016 road map.

Malaysia extends bauxite mining ban

Malaysia has extended a ban on bauxite mining for a further three months as it looks to halt environmental damage caused by excessive mining. 

How to reduce the risk of liquefaction onboard

The London P&I Club has released a joint publication, in cooperation with TMC Marine and Bureau Veritas, to provide operational guidance for vessels that carry cargoes which may liquefy. The Club notes that, although significant progress on the issue has been made so far, the liquefaction phenomenon continues to be as relevant today in 2017.

US Cracks down on Ballast Water Management extensions. CMA 2017: Stringent requirements for granting extensions puts programme under question post 2018.

In an effort to force owners and operators to comply with the ballast water management convention the US Coastguard is cracking down on its ballast water management extension programme and will not grant any extentions past 2021.

IMO announces GloBallast successful completion

The International Maritime Organization (IMO) notified that a decade-long project, which aimed to promote implementation of an international treaty, stemming the transfer of potentially invasive species in ships’ ballast water, has reached a successful conclusion at a meeting of stakeholders from Governments, industry and UN bodies.

Ship returns to Tauranga after hull cleaning

A Panama-flagged bulk carrier has recently become the first foreign ship ordered to leave New Zealand waters after found ‘dirty’. Now the ship has been allowed to leave the port of Tauranga after its hull was cleaned outside New Zealand, the Ministry for Primary Industries (MPI) confirmed.

Risks of alcohol and drug consumption onboard

Irish Department of Transport, Tourism and Sport issued a Marine Notice to remind the public of the risks associated with the consumption of alcohol and/or drugs when operating or being on board a recreational craft or any vessel in Irish waters.

US faces dry bulk capacity crunch

CMA 2017: Bulkers to fall short of US ballast water management regulations. The US dry bulk market is facing down a severe shortfall of vessels as ballast water management regulations start to take effect.

Baltic index rises on strong demand for larger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year high on Monday on higher demand for larger vessels.

Baltic Exchange Unveils Changes to Dry Bulk Indices

 As part of the changes being made to its Supramax Index, the London-based Baltic Exchange will be launching dual reporting of a new Panamax Index on a trial basis and is in the final consultation process of a new Handysize Vessel dual reporting period for the Handysize Index.

11 March 2017 - 17 March 2017

IMO Sec-Gen highlights future challenges for shipping

IMO Secretary General highlighted IMO’s objectives for the year forward during his opening remarks at the Panama Maritime event, an event held to celebrate Panama on the 100th anniversary of its ship registry. Mr Kitack Lim noted that a big challenge for shipping is to remain sustainable, while meeting the demands for enhanced safety and environmental performance, at the same time.

MeteoGroup helps companies with EU MRV Regulation

MeteoGroup has announced that FleetGuard, its interactive tool for live fleet monitoring, planning and vessel optimization, helps shipping companies fully comply with the EU and IMO monitoring, reporting and verification (MRV) regulation, which requires companies report on the CO2 emissions of its vessels as of 1 January 2018.

Shipowners call for MLC improvements

Shipowners are lobbying the Inter-national Maritime Organization (IMO) to improve the system of registering abandonment cases to make the Maritime Labour Convention 2006 (MLC 2006) more effective in helping seafarers in distress.

BPA: UK Needs Frictionless Trade Deal with EU after Brexit

 British Ports Association (BPA) has called for a frictionless trade agreement between the UK and EU following Brexit.

China’s coastal coal freight rates mixed in week to Tuesday

Freight rates for shipping coal from northern China’s Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China were mixed in the week to Tuesday, putting an end to steady increases seen in recent weeks, port operator Qinhuangdao Port said Tuesday.

Dry Bulk: More than 30 dry bulk carriers are being sold weekly as ship owners invest in market’s rebound

With the Baltic Dry Index (BDI) rebounding firmly and expectations abound that this is only the start of a new sustained recovery phase for the dry bulk market, ship owners are stocking up on new bulker acquisitions, in order to capitalize on the market’s rebound.

Argentina: Iron ore imports report 17% decline in year 2016

The country’s iron ore imports declined sharply during the whole of 2016, says latest statistics released by the National Institute of Statistics and Census (INDEC) of Argentina.

BIMCO: Dry Bulk Industry’s Road to Profitability

The dry bulk shipping industry remains well on target for profitable freight rates in 2019 if the projected fleet supply growth rate of 0% in 2017 continues, according to international shipping association BIMCO.

Greek dry bulk buys buoy fleet strength

Annual Greek Shipping Co-operation Committee survey finds the Greek-owned fleet grew again over the last year. DRY bulk carrier acquisitions have been mainly responsible for a further increase in Greek-owned shipping capacity over the last year.

Panamax bulkers look for Black Sea support as earnings slide

Average panamax bulker earnings dipped 5.6% in the week as the north Pacific market and US Gulf quietened down, ending the rally that started in end-February. Intermodal suggested that activity in the US Gulf remained “relatively quiet”, and combined with the “slight slowdown” in the north Pacific, rates drifted lower.

4 March 2017 - 10 March 2017

Regulations should achieve their core purpose, INTERCARGO says

INTERCARGO’s Technical and Executive Committees held their semi-annual meetings in Hong Kong, on 6 and 7 March. This was one more opportunity for INTERCARGO to re-iterate its commitment to a safe, efficient, high quality and environmentally-friendly dry cargo shipping industry and its support for an industry governed by free and fair competition.

Dry bulker freight rates to remain firm with rosy demand, says Platts

The current recovery in dry bulk freight markets could continue for the next one to two years, bolstered by a rosy outlook on the demand side, said Platts Asia Freight senior managing editor Pradeep Rajan. Plenty of good news was presented by Mr Rajan, who spoke at Intercargo’s biannual meeting in Hong Kong on Tuesday.

BWM extension program: Latest update

The Coast Guard has issued the latest update (March 2017) for the procedures for requesting extensions for compliance with Ballast Water Management regulations found at 33CFR part 151. This update was issued in response to hundreds of extension requests and dozens of questions received by the Coast Guard, which indicate a widespread misunderstanding of the previously issued guidance, and an associated need for additional clarity and certainty for all stakeholders.

BIMCO makes fresh call to step up bulkers demolition

Shipping association BIMCO has renewed calls for increased vessel demolition in the dry bulk sector as the overall fleet continues to grow, led by the handymax segment.

Governments carefully weigh up shipping EU ETS

MEPs’ proposal to include shipping in the EU emissions trading system (ETS) from 2023, if the International Maritime Organisation (IMO) fails to agree a global measure to reduce shipping emissions, should be a wake-up call for the UN agency, a senior European Commission official has said.

Lessons learned from Gadani ship recycling incidents

Accidents can happen at the best of recycling facilities, LR says. But lessons are learned when procedures aren’t followed at well-organised facilities. Individuals, or companies, are held accountable for not following documented working practices and existing processes are then further improved.

Capesizes still headed for scrap despite market rebound

 In what could only be described as a more than positive omen for the future prospects of the dry bulk market, dry bulk carriers and more notably Capesizes are still being sold to scrapyards, even if the number of vessels offered has declined over the past few weeks.

China’s Feb steel exports slump to three-year low, iron ore down

Chinese steel exports tumbled to a three-year low in February, customs data showed on Wednesday, lower than expectations, as steelmakers in the world’s top producer shifted to meeting rising demand at home.

Bad bulker risk for buyers on rise after upkeep cuts

Purchasers should not waive inspections as poorly maintained vessels may account for 20% of bulkers being put up for sale.

Indian authorities unveil six new port locations

The Indian government has designated six locations across the country where it plans to construct ports as part of the ambitious Sagarmala programme to jumpstart port-led industrial growth.

18 Feb 2017 - 24 Feb 2017

Few months left for ECDIS updates

IHO has revised its ENCs standards for ECDIS, therefore, all ECDIS systems used on board a vessel are required to receive updated functions before 31 August 2017. In case the software renewal is not applicable so as the system to be compatible with the latest IHO standards, the ECDIS itself should be replaced before the deadline.

California expects comments on ballast water discharge regulations

The California State Lands Commission issued a notice calling for participation in the informal comment period on proposed regulations relating to performance standards and compliance assessment protocols for the discharge of ballast water for vessels operating in California waters. The informal comment period closes on 24 March.

Demand is picking up in the dry bulk market

Pacific Ocean dry bulk trades are starting to push the freight market to new heights recently, offsetting part of the limited activity in the Atlantic market.

Indonesia’s U-turn on ore exports to benefit bulker trades

Indonesia has given a shot in the arm to the mid-sized bulker segments with one of the Southeast Asian nation’s most spectacular policy U-turns to ease its ban on the exports of raw mineral ores.

Smaller bulkers ‘big winners’ from rise in Asia grain demand

Operators of smaller dry bulk carriers are set to be the biggest winners as the rise in grain shipments is expected to keep handysizes to supramaxes busy, with a large overflow to the panamax sector.

New white paper informs on the current BW regulatory

Alfa Laval has published a white paper providing an overview of the most influential ballast water regulations and their enforcement, guidance and a few information about selecting a system and supplier to match a particular vessel’s needs, and about what to consider when planning the installation.

ICS chairman calls IMO to support its CO2 reduction plan

The Chairman of the International Chamber of Shipping, Esben Poulsson, has set out what the industry would like the International Maritime Organization to achieve as part of its CO2 reduction strategy for the shipping sector.

California expects comments on ballast water discharge regulations

The California State Lands Commission issued a notice calling for participation in the informal comment period on proposed regulations relating to performance standards and compliance assessment protocols for the discharge of ballast water for vessels operating in California waters. The informal comment period closes on 24 March.

Spanish ports to be hit by nine-day strike

SPANISH port workers will go on strike every other day from March 9 to March 25, during odd hours, as the Spanish government looks set to adopt port sector employment reforms on Friday.

APM expands port Elizabeth investment

APM Terminals, in close dialogue with the bi-state shipping community, including the Port Authority of New York & New Jersey, shipping companies, importers and exporters, intermodal rail providers, trucking companies and the International Longshoreman’s Association, has significantly increased its previously announced USD $70 million investment plans for the APM Terminals Port Elizabeth facility, and now plans an investment total of USD $200 million.

11 Feb 2017 - 17 Feb 2017

USCG completes ballast water violation investigation, initiates civil penalty

The US Coast Guard, after an investigation of ballast water discharge violations, initiated civil penalty proceedings against the operator of the bulk carrier Vega Mars, Feb. 2, 2017. Investigators found that around Jan. 29, 2017, while moored in Tacoma, ballast water was discharged from the vessel without the use of a Coast Guard approved ballast water management system or other approved means.

More ships apply for extensions as USCG gets stricter on BWTS

Crackdown results in first civil case involving a Vega Reederei vessel, amid fears that approved ballast water treatment systems may still not be suitable.

Shipping does not belong in EU Emission Trading Scheme

Members of the European Parliament voted today in plenary on the Commission’s proposal to revise the European Emission Trading Scheme (ETS) Directive. A majority of MEPs voted to include shipping in the scheme as of 2023, if there is no comparable system operating in the International Maritime Organisation (IMO) in 2021.

China terminates garbage disposal regulation on ships

The London P&I Club has announced that ships calling at Chinese ports should be aware of PRC Regulations. As of 13 December 2016 the Chinese Ministry of Transport has issued a formal notice that disposal is no longer mandatory, so that the requirement to present a PDC has been abolished.

Dry Bulk Ships in High Demand as Owners Are Expecting the Market to Bounce Back

As the dry bulk market could be in for a rebound, the demand for second hand bulkers is intensifying. In its latest weekly report, shipbroker Intermodal noted that “looking at the state of the Dry Bulk market exactly a year ago, there is no doubt that there is a significant improvement and despite the fact that there are still many challenges, there is now also more hope that things are finally moving towards the right direction.

China iron ore, steel steady after rapid rally

Chinese iron ore and steel futures stabilised on Thursday after recent sharp gains that pushed the steelmaking raw material to a record high.

Dry bulk market buffeted by mixed trade prospects

Hopes for a recovery in bulk carrier earnings appear to have dimmed thanks to a combination of volatile trade prospects and government policy, according to forecasts by Maritime Strategies International.

Port of Antwerp extends opening hours

Port of Antwerp announced that trucks coming to load or unload containers in the Deurganck dock will also be able to call at night as of 20 March. The container terminals MSC PSA European Terminal (MPET) and DP World Antwerp Gateway, both located in the Deurganck dock, are due to extend their opening hours so that fetching or delivering containers by truck can carry on around the clock on weekdays.

Russia boosted wheat exports by 19% in 2016

According to the Federal Customs Service of Russia, in 2016 the country increased wheat and meslin exports by 19.3% from the previous year, to 25.327 MMT, reports UkrAgroConsult.

Panamax bulkers still soft in Atlantic but hold better in Pacific

The panamax bulker market has been slow to kick off following the Chinese New Year holidays, with rates steady to lower on most trading routes, and participants looking for direction.

03 Feb 2017 - 10 Feb 2017

USCG: Minimum rate for drug test on board set to 25%

The US Coast Guard has announced that marine employers must establish random drug testing programs for covered crewmembers on inspected and uninspected vessels in accordance with 46 CFR 16.230. Every marine employer is required to collect and maintain a record of drug testing program data for each calendar year, and submit this data by 15 March of the following year to the Coast Guard in an annual MIS report.

Chaos at Indonesian ports disrupts coal shipping

Road blockages and bad weather in Kalimantan on the Indonesian side of Borneo island are being blamed for a disruption of coal supplies from one of the world’s most important export regions.

Clarksons forecasts 3.8% growth in dry bulk trade this year

CLARKSONS expects dry bulk trade to increase by 3.8% year on year in 2017, building on the sector recovery from late last year amid an unexpected rise in Chinese demand for coal and iron ore.

Capesize market could soon reach “bull” mode says freight derivatives specialist

Continued weakness in the Capesize Index has seen us trading below the more important US$ 6,570 support level. This has created a new low and puts us into bearish territory once again.

Top Five Panamax Bulker Trade

Due to the tendency of trade routes to change pushing demand somewhere else, VesselsValue has put together a report showing the current state of affairs at the top 5 Panamax Bulker trade routes based on the total ton miles moved.

Weekly US coal production tops 17 million st, highest since November: EIA

Weekly US coal production totaled an estimated 17.02 million st in the week ended February 4, up 5.7% from the previous week and up 19.1% from the year-ago week, US Energy Information Administration data showed.

Port of Hamburg urges for navigational changes

On the judgement of the Federal Administrative Court for the fairway adjustment of the Lower and Outer Elbe, the Hamburg Port Authority underlined the necessity for the adjustment of the navigation channel.

Indonesia’s U-turn on ore exports to benefit bulker trades

Indonesia has given a shot in the arm to the mid-sized bulker segments with one of the Southeast Asian nation’s most spectacular policy U-turns to ease its ban on the exports of rew minerals ores.

Warning signs of revival in bulker orders

Ominous signs of a dry cargo newbuilding revival have emerged, with two European owners turning to Chinese yards for up to six bulkers, and further deals rumoured to be in the works.

P&I clubs face struggle for hearing at the IMO

Although the International Group, which links the 13 leading protection-and-indemnity (P&I) clubs, has consultative status at the International Maritime Organization (IMO) there was concern its voice was hard to hear, drowned out by 172 member states, 65 intergovernmental organisations and 77 non-governmental outfits all arguing their corner.


27 Jan 2017 - 03 Feb 2017

USCG confirms fourth BWMS approval application

Sunrui Environmental Engineering has become the fourth manufacturer to submit a final type approval application with the US Coast Guard (USCG), for its BalClor electro-chlorination system.

Insurers cautious over resumption of Indonesian nickel ore exports

Industry associations and insurers are keeping a close eye on the decision to lift a ban on nickel ore exports from Indonesia, pointing to the high number of losses linked to cargoes loaded there.

New survey measures maritime safety

Safe transport of goods by sea is essential for society and different measures are taken to improve maritime safety, for example through implementation of traffic separation schemes, radar surveillance and traffic management concepts such as STM. But how can maritime safety be measured to determine the effects of those implementations?

India’s major ports go green

The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’, has been emphasizing on use of renewable sources of energy to power Major Ports across the nation. When completed, the projects will help in the reduction of carbon dioxide emission by 136,500 MT annually.

New drone for remote ballast tank inspection due to be developed

Akzonobel, oil and gas tanker operator Barrier Group and DroneOps have joined forces to develop a drone capable of remotely inspecting enclosed spaces and ballast water tanks. The project will use advanced virtual reality technology to deliver safer, more accurate evaluations of ballast water tanks, offshore wind farms and other enclosed or difficult to access spaces on ships and marine structures, including inspections of coatings and corrosion.

European ship owners top the list of global dumpers, says NGO

The NGO Shipbreaking Platform has issued its list of ships dismantled worldwide in 2016 revealing an increase in the number of ships sold for polluting and unsafe shipbreaking on the beaches of South Asia. In 2016, a total of 668 vessels were broken on tidal beaches, that is as much as 87% of all tonnage dismantled globally, NGO says.

Dry Bulk Shipping: Q4 provided optimism, Q1 will make sure we don’t get carried away

Iron ore provides 30% of the demand for the dry bulk market and, during 2016, its related tonne-mile demand went up by 6%. This was the key factor behind the overall demand side growth of 2.2%.

Panamaxes Hold Up As Rest of the Market Retreats During January, Chinese Coal Trade the Major Uknown for the Market Moving Forward

The Baltic Dry Index declined 17% during January, its second consecutive month of declines, though Panamax rates notably bucked the trend rising on stronger grains trade. Despite the seasonal declines across other vessel classes, rates largely exceeded the more bearish expectations for the month.

Asia Dry Bulk-Capesize rates to hold steady on ample ship supply

Freight rates for large capesize dry cargo vessels on key Asian routes are likely to hold around the current levels next week on ample tonnage supply even as chartering activity is likely to increase following the end of the Chinese New Year holidays.

London Greeks eye Brexit boost for UK

Leaving the European Union could boost UK’s shipping industry, according to the country’s Greek shipping community, the so-called ‘London Greeks’. But any silver living for the industry will depend on government action and timely measures, they believe.

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Latest update on IOPP Deharmonization

Following MEPC 70 decisions and as IMO Ballast Water Management Convention is scheduled to enter into force on 8 September 2017, a recent development that has emerged is the issue of IOPP certificate deharmonization with respect to the other key certificates of the ship.

Can we make dry bulk great again?

This was a question posed at a marine conference held in London this week which caused the audience to chuckle. Perhaps it was a dig at the new US President Donald Trump, whose slogan during his election campaign was to make America great again through his protectionist policies.

 Amendments to the Code of Safe Working Practices issued

On October 2016, the Code of Safe Working Practices for Merchant Seafarers amended to include additional issues the following sections..

IACS releases updated Blue Book for 2017

The International Association of Classification Societies is pleased to announce the release of the 2017 edition of its IACS Blue Book. The latest release of the Blue Book package continues to enhance IACS technical support to the shipping industry through our work and investment in technology, innovation, research and development both at the classification and statutory levels.

EU Ship Recycling List Raises Issues

Discussion on the recently published European list of approved ship recycling facilities has raised a number of issues at the fourth Ship Recycling Congress on January 25-26 in London.

Asia Dry Bulk-Capesize rates to slide in quiet, overtonnaged market

Freight rates for large capesize dry cargo vessels on key Asian routes are likely to trend down next week as an oversupply of ships and reduced chartering activity due to the Chinese New Year holidays weigh on the market.

China’s Dec iron ore imports from Australia dip 2% on year to 56.7 mil mt

China imported 56.71 million mt of iron ore from Australia in December, down 2.1% year on year and up 0.57% month on month, according to data released Tuesday by the General Administration of Customs. Imports from Brazil, China’s second-largest iron ore supplier, were down 26.1% year on year at 17.44 million mt in December. The imports were also down 19% from the previous month.

‘Anything goes’ at the bottom end of market

Around 150 providers are offering protection-and-indemnity (P&I) and related covers, ranging from the 13 well-known clubs of the International Group cartel to established fixed-premium schemes and reputable insurance companies. There are also lesser-known companies, organisations operating on the fringes of the market and some whose credentials are questionable.

While the largest, most upstanding clubs and commercial insurers are properly regulated and supervised, anything goes at the bottom end of the market.

Fumigation causes explosion

The Swedish P&I Club has issued its Monthly Safety Scenario for February, regarding a series of explosions that occurred onboard a bulk carrier mainly due to the fact that a few fumigation pellets were not distributed as per the cargo document. The bulk carrier had loaded yellow corn in all its cargo holds up to the hatch coamings. After the loading was complete fumigation technicians came onboard and fumigated the cargo with fumitoxin pellets. As per the cargo documentation, the fumigation pellets were required to be applied subsurface, but they were not applied subsurface as the technicians poured the pellets from flasks while walking on the hatch coamings or hatch covers. This work took a little more than an hour and afterwards all the cargo hatches were closed and the vessel sailed.

India, United Arab Emirates agree on seafarers’ education

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) between India and the United Arab Emirates on the Mutual Recognition of Certificates of Competency.

14 Jan 2017 - 20 Jan 2017

0.5% sulphur cap implementation on agenda

Work to support the smooth and effective implementation of the 0.5% m/m global sulphur cap on fuel oil used by ships will be a main focus for the 4th session Sub-Committee on Pollution Prevention and Response. The Sub-Committee will consider what additional measures may be needed to promote consistent implementation and will report with a justification and scope for further work to the Marine Environment Protection Committee (MEPC 71), which meets in July. The MEPC decided at its last session to implement the 0.5% limit from 1 January 2020. source

IMO: More efficient shipping will enhance sustainability

IMO announced the theme for Word Maritime Day 2017 which reflects the clear link between ships and ports and the people that operate them. During a visit to the port of Felixstowe, IMO Secretary-General Lim discussed the World Maritime Day theme for 2017 –  ”Connecting ships, ports and people” – with Mr. Clemence Cheng, Chief Executive Officer of the Port of Felixstowe and Managing Director of Hutchison Ports Europe. source

ECSA: Third country ship recycling yards should get EU recognition

The European Commission recently published its first edition of the EU list of approved ship recycling facilities. At this stage, it only features yards situated in Europe and reaches under 30% of the EU’s own recycling capacity target. For ECSA, this demonstrates clearly that third country ship recycling yards should get EU recognition to raise standards worldwide and respond to demand. source

Clean Shipping Coalition slams IMO’s view on EU ETS

The  Clean Shipping Coalition has sent a letter to Mr. Kitack Lim, Secretary General of IMO, criticizing his recent views on including shipping industry in the EU Emission Trading System. Mr. Lim has expressed concerns that this action could undermine efforts to reduce greenhouse as emissions from shipping on a global basis whereas the NGO supports that  IMO should not interfere in European politics.  In the letter, the NGO says it is both surprised and disappointed by Mr Lim’s letter and slams IMO’s intervention in the EU’s democratic process. source

Paris MoU announces deadline for submission of 2016 detention review cases

The Paris MOU reminds owners and operators of vessels that have been detained by a Paris MOU member state and who decline to use the national appeal procedure, that they have the option of filing a complaint with the flag state or recognized organization before 15 February. source

Dry Bulk Market Looking to mid-February for a Sharp Kick-Off in Freight Rates

With the Chinese New Year celebrations a few days away, dry bulk ship owners are bracing for what they hope to be the first and last freight market low-point this year. Traditionally this time of year, with Chinese importers out of the market, the dry bulk market is witnessing its year lows and 2017 should be no exception to this rule. However, regarding the future prospects for a rebound in the dry bulk market, much will be determined in the weeks which should follow this festive period, with mid-February expected to be a crucial period for the market. source

Dry Bulk FFA: Capesize Sell Off Seen in Paper Market As Eyes Turn to Physical Market Next Week

Capesize FFA Commentary:Cape paper experienced a substantial sell off today. Some stability was found after the index failed to drop more than the fractional 1.5% but talk of C7 fixing 8.00 helped prevent any sort of rebound on the FFAs. All eyes will be on the physical for the last day of the week to see if the current rates on the forward curve are justified. source

Panamax bulker earnings soften ahead of Chinese New Year

Panamax bulker earnings fell 2.2% in the week amid waning interest in the Atlantic and Pacific basins, and softening notes in all major trading lanes. “Generally, an easier tone to the market in both the Atlantic and the east,” said the Baltic Exchange in a note. “The pressure appeared to have eased for early ships in the north Atlantic and some suggested tonnage in the US Gulf, too, was seeing less interest, and there were more vessels open for cargoes from north coast South America.” source

 Danish Maritime Forum report to address industry’s burning issues

A new report from the Danish Maritime Forum presents tangible ideas that have the potential to enable real progress on some of the most pressing issues in the maritime industry. How do we decarbonize shipping? How do we embrace new technologies? How do we deal with overcapacity? And how do we engage in a more meaningful dialogue with the public? These were some of the burning issues that were discussed at the Danish Maritime Forum, held in Copenhagen on October 2016. source

Port of Antwerp finishes 2016 with growth of 2.7%

The port of Antwerp has handled a total freight volume of 214,057,529 tonnes in 2016, up 2.7% on the previous year. At 4.1% the growth in container volume is even more pronounced: after 12 months the figure stood at 117,909,533 tonnes of containerised freight. Expressed in terms of standard containers (twenty-foot equivalent units) the total of 10,037,318 TEU has risen above the 10 million TEU mark for the first time in the history of the port. However there were negative figures in 2016 for conventional breakbulk (down 2.0%) and dry bulk (down 9.1%). source

 Is hull biofouling more damaging than BW transfer?

The BWMC entry into force this September will not prevent the transfer of invasive aquatic species (IAS) unless there is mandatory legislation in place to prevent biofouling on ships’ hulls, says Subsea Industries commenting on a presentation delivered at the World Ocean Council’s Sustainable Ocean Summit in December. Indeed, while there is ongoing evaluation of the Biofouling Guidelines set out in MEPC.1/Circ.811, there has been little support from IMO Member States for a new mandatory instrument to reduce the impact of bioufouling. Aside from the guidelines, the issue of biofouling is though not to be on the agenda of the MEPC or any other IMO body.  source

How to avoid small spills becoming large claims

Despite a great reduction in the number of larger oil spills worldwide, numerous smaller, operational oil spills occur each year. The Britannia P&I Club warns to take into account even the small spill as it may not result in small claims. The Club has been advised by Brazilian lawyers Siano & Martins Advogados Associados that it is important to treat a small spill carefully, even if initially it may appear logical to close the file after initial penalties have been paid to authorities and the clean up costs have been dealt with.  source


7 Jan 2017 - 13 Jan 2017

New Zealand ratifies BWMC

New Zealand is the latest country to accede to IMO’s Ballast Water Management Convention, designed to counter the threat to marine ecosystems by potentially invasive species transported in ships’ ballast water. H.E. Mr. Lockwood Smith, High Commissioner of New Zealand to the United Kingdom, met IMO Secretary-General Kitack Lim at IMO Headquarters, London (9 January) to deposit the instrument of accession. This brings the number of States party to the Convention to 54, representing 53.30% of the world’s merchant fleet tonnage. (source)

INTERCARGO supports IMO in mitigation of global GHG emissions

INTERCARGO expressed its full support and total alignment with IMO Secretary-General Kitack Lim’s concerns that including shipping in the European Union’s Emission Trading System (EU-ETS) could undermine efforts to reduce greenhouse gas (GHG) emissions from ships on a global basis. These concerns were raised following an agreement on 16 December 2016 by the European Parliament’s Environment Committee that emissions from ships should be included in EU-ETS from 2023, if IMO does not deliver a further global measure to reduce GHG emissions for international shipping by 2021. IMO has already approved a responsible roadmap for developing a comprehensive strategy on reducing GHG emissions from ships, through to a 2023 horizon.( source)

Dry bulk demand to suffer in the short-term says shipbroker

While last year’s lack of newbuilding orders and less volatility may have stoked hopes of a turnaround of fortunes for the dry bulk market during 2017, things to start the year, traditionally a slow period for the market, have proved otherwise. Allied Shipbroking claims in its latest weekly report that the market could worsen in the near term, as the demand-side is expected to suffer. In his note, Allied’s George Lazaridis, Head of Market Research & Asset Valuations noted that “after having entered into a New Year, fresh hopes seem to be high for this to be the turning point in the market that many have been looking forward to for several years now. As such, the question being thrown around more often nowadays is “what’s in store for 2017” and “will we see a better market this year”, prompting many to take out their “crystal balls” seeking to see if this will be a year of gains or yet another full of further pains”. ( source )

Factors considered when planning vessel inspections

USCG has issued a policy letter which provides guidance that authorizes the utilization of a risk-based approach to prioritize and manage passenger vessel annual inspection activity. The guidance assists Officers in Charge, Marine Inspection (OCMIs) in prioritizing their resources and managing risks against a variety of missions demands. (source )

Capesize demand 1% on ore cargoes

It says world iron ore trade will keep the seaborne market “well supplied” over the next two years. But China’s import demand will have trouble repeating the performance seen last year. China’s demand for iron ore was a positive surprise for the dry bulk trade as it reached over one billion tonnes for the first time in 2016, growing some 9% year-on-year, according to research from Australia’s mining and resources ministry. The growth stemmed from China shutting down unproductive mines and better steel demand. China was able to import more despite its own stockpiles of iron ore reaching over 100 million tonnes in December, a two-year high. (source )

Atlantic strength ends panamax bulker earnings’ month-long slump

Panamax bulker rates have ended their month-long slide with a firm Atlantic market. The Atlantic trades have been revived as a busy US Gulf combined with South American trades buoyed sentiment, said Intermodal in its weekly report. However, the report said owners in East Asia were still struggling to shake off the discounted levels following the pre-holiday fixing rush. (source)

Growing iron ore supply to push prices down to $49 a tonne

Australia’s iron ore exports are forecast to increase by 30% to hit $62bn in value for the current fiscal year to end-June 2017 due to the unexpected jump in the raw material’s price, according to the latest Resources and Energy Quarterly published by Australian Department of Industry, Innovation and Science. (source)

China eyes bigger slice of global shipbuilding market

China is targeting a 40% share of the global high-end vessel market and 35% of the global offshore market for its shipbuilders by 2020, through an acceleration of overseas expansion. The expansion drive will work with president Xi Jinping’s ambitious One Belt One Road initiative to ramp up the production of vessels and marine engineering equipment, among other things. (source)

Major countries release latest iron ore import, export statistics

Major countries across the world have released iron ore trade data for the month of November last year. In accordance with the statistics released by the Peru Ministry of Energy and Minerals, the country’s iron ore production surged higher by nearly 84% over the previous year to 697,000 tons in November 2016. The country had produced only 379,000 tons of iron ore during the same month in 2015. The cumulative production during the initial eleven-month period of the year totaled 7.08 million tons, slightly higher by 3.5% when matched with the production of 6.843 million tons during the corresponding eleven-month period in 2015. (source)

Indonesia: Mineral exports hang in balance with planned revision

A revision to a government regulation that may relax a ban on the export of semi-processed minerals remains up in the air, as the government has yet to sign the revision a mere 24 hours before the prescribed deadline. The government has been working hard on a fourth revision to Government Regulation No. 23/2010 on the management of mineral and coal businesses, which is expected to postpone a ban on semi-processed mineral exports and provide different options for divestments of shares in foreign-owned mining companies. However, the government had yet to issue the revision by Wednesday evening despite the fact that the ban’s implementation was set to begin the next day.  ( source)

1 Jan 2017 - 6 Jan 2017

Solid bulk cargoes carriage update

The Republic of the Marshall Islands has issued Marine Notice which reflects updates to IMSBC Code requirements for solid bulk cargoes and hazardous chemical cargoes that enter into force on 01 January 2017. The Notice covers the mandatory requirements under the 2016 IMSBC Code for: /Procedures to be followed when loading cargoes that may be subject to liquefaction and new safety and cargo declaration information, including the need to potentially determine the flow moisture point (FMP), transportable moisture limit (TML), and actual moisture content (MC) of the cargo to be loaded. /The management of cargo residues depending on the classification of a solid bulk cargo as to whether it is harmful to the marine environment (HME) or non-HME. The responsibility for classifying and declaring, whether a solid bulk cargo is HME or non-HME, now lies with the shipper. (source)

China’s emissions control areas now in effect for all key ports

Regulations take effect this month for Tianjin, Qinhuangdao, Tangshan, Huanghua, Guangzhou and Zhuhai. The three emission control areas established by Chinese authorities have now implemented low-sulphur fuel requirements for all key ports within the areas. (source)

Gas Code, Polar Code Enter into Force

The International Gas Code entered into force on January 1, along with the Polar Code, affecting both new and existing ships and the seafarers working on them.  The International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code) aims to minimize the risk to ships, their crews and the environment, when gas and other low-flashpoint fuels are used. The mandatory Polar Code, for ships operating in Arctic and Antarctic waters, also entered into force on January 1, 2017(source) )

Marshall Island flagged vessels to proceed to early IOPP renewal

The Republic of the Marshall Islands (RMI) has issued technical circular to promulgate the RMI Maritime Administrator policies on the BWM Convention, specifically with respect to the early renewal survey of the International Oil Pollution Prevention (IOPP) Certificate. (source)

Dry Bulk Market Needs Zero Fleet Growth To Recover This Year Says BIMCO In Its Annual Estimate

Dry bulk: worst year on record – heavy demolition activity needed to relieve the pain. A continuance of the alarmingly low level of demolition activity in the second half of 2016 simply will not deliver the needed zero fleet growth. A significant number of new ships are on order for 2017 and 2018. The only way to neutralise the impact of this influx of new ships will be to scrap 30 million DWT annually.  (source)

India: Iron ore exports revive on firm global prices, protectionist steps

Exports have jumped nine-fold to nine million tonnes in the April-September period, from one million tonne a year ago. This comes in the wake of strong global demand for the commodity and protectionist steps taken in favour of domestic iron ore users—the primary steel industry—against cheap imports of steel. Iron ore price has moved up from $40 a tonne to $70 a tonne in global markets in the last few months. (source)

Top Iron Ore Forecaster RBC Says Prices Will Pull Back This Year

Iron ore prices are primed for a retreat this year after surging in 2016, according to RBC Capital Markets, the most accurate forecaster for the commodity in the final quarter of last year. “We believe iron ore prices are not sustainable at current levels and expect a pullback in 2017,” RBC analysts wrote in a report received on Wednesday. (source)

Coal shakes dirty image to stage comeback

Coal, a high-profile villain in smog-choked northern Chinese cities this winter, enjoyed a bit of market comeback in 2016 as its price recovered from a long slump. The gains may extend into the new year, albeit authorities are reluctant to see that happen. (source)

Capes open year on strong footing

China stockpiling iron ore ahead of its own new year at the end of January at heart of capesize rally. Capesize earnings were given a boost at the start of the new trading year as China’s appetite for iron ore continued ahead of its own new year at the end of January. (source)

Supramax market suffers an unhappy new year

But market sentiment remains positive with brokers expecting a recovery in rates. Rates endured a gloomy week at the beginning of the new year as too many vessels chased too few cargoes in both the Atlantic and the Pacific basin. (source)