DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2014 – 294

Number 294 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Tuesday 21-10-2014 News reports received from readers and Internet News articles copied from various news sites.

The Damen Shipyard Group built Workships operated OFFSHORE WIELINGEN operating off the Dutch coast Photo : FLYING FOCUS luchtfotografie www.flyingfocus.nl

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The 36.7 mtr long 2013 built Hong Kong flagged 498 GRT tug HAI HOI passing The Ma Wan Channel off Hong Kong photo : Piet Sinke © CLICK on the photo ! Lithuania's first LNG terminal ends Russian grip on Baltics As much of Europe anxiously awaits a Ukraine-Russia deal to avert the risk of winter gas cuts, Lithuania is breathing a sigh of relief as its first liquefied natural gas (LNG) terminal will sever Moscow's grip on gas deliveries to the Baltic states.Aptly dubbed Independence, the massive floating LNG facility measuring three football fields in length is due to dock in the port of Klaipeda on Oct 27. Its arrival comes just as Russian President Vladimir Putin warned that Europe faces "major transit risks" to gas supplies coming from Russia this winter unless Ukraine resolves a gas dispute with Moscow.The terminal gives Lithuania the capability to import up to four billion cubic metres of gas per year from sources like Norway's Statoil - well above the 2.7 billion cubic metres it bought from Russia last year. That leaves

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plenty of extra capacity for its Baltic neighbours Latvia or Estonia, analysts note. Despite joining the EU and NATO in 2004, Lithuania has been completely dependent upon Russia for natural gas, a legacy of five decades of Soviet domination that wound down in 1990. The nation of three million will initially import 0.54 billion cubic metres of gas from Statoil in 2015, covering about one-fifth of its demand.

Tensions have been running high between Vilnius and Moscow for years over gas, as Lithuania believes that state- controlled Gazprom has abused its monopoly position and driven up the price. Gazprom's prices are confidential, but Energy Minister Rokas Masiulis told AFP that "Lithuania has paid the highest prices for natural gas in the EU in recent years". Vilnius has not taken the situation lying down. In addition to arranging for the LNG terminal, it has asked the EU to conduct an anti-trust probe against Gazprom and launched an international arbitration procedure, with decisions expected within the coming year. Gazprom's contract with Lithuania expires at the end of 2015. While Gazprom is likely to remain a key supplier, Vilnius insists competition will improve pricing and energy security, and so curb Moscow's political leverage in the region.We're "looking forward to important negotiations with LNG suppliers and Gazprom," said Masiulis, adding that "in a worst-case scenario, we could buy all our gas via the terminal". As the arrival date neared for the new LNG facility, which Lithuania is leasing for a decade, Gazprom already agreed to a price cut of around 20 per cent.

Gazprom has always denied monopoly practises in Lithuania and warned that shipped-in LNG will not come cheap. "If Lithuanian consumers are willing to pay more to reduce their dependence, it's their business," Gazprom spokesman Sergei Kupriyanov told AFP in Moscow.Lithuania's state-owned Litgas LNG agency says Statoil's LNG prices will depend on market factors. The floating 294m terminal owned by Norway's Hoegh LNG will also buoy tiny Lithuania's political leverage towards its Soviet-era master Russia at a time when Moscow's meddling in eastern Ukraine has sent geopolitical jitters in the Baltic states through the roof."Dismantling Russia's monopoly deprives it of yet another tool of political influence over Lithuania," Marius Laurinavicius, an analyst at the Eastern Europe Studies Center, a Vilnius- based think tank, told AFP. Lithuania's Prime Minister Algirdas Butkevicius recently told US Vice President Joe Biden the terminal meant "de facto energy independence" and finally integrated the "Baltic States into the internal market of the continental EU."Fellow Baltic states Estonia and Latvia, also EU and NATO members dependent on Russian gas, say they could also use the terminal to seek out alternative suppliers. Latvia has the capacity to stockpile more than a year's supply of gas, while Estonia is almost self-sufficient with shale oil.The Baltic states and Finland are also in talks with Brussels over a separate EU-funded LNG terminal in the Gulf of Finland. Unlike Poland, Slovakia, Austria or Hungary, the Baltic trio have not seen any dip in deliveries from Gazprom this autumn. Russia cut off Ukraine in mid- June after a pro-Western government took power, accusing Kiev of not paying its gas bills. The EU, which gets over a quarter of its gas from Russia, is seeking a deal to ensure that Russian gas will flow uninterrupted to European homes via Ukraine this winter. As Russia must pump gas to its Kalinigrad exclave via Lithuania, it is unlikely to suffer cuts. Source : AFP/Channel news Asia

The HAN JI 2 (ex MAERSK FLETCHER) made a bunker stop in Rotterdam-Caland canal – Photo : Leen van der Meijden ©

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Fugro’s latest fleet addition the FUGRO PIONEER arrived in Scheveningen Photo : Dick Overduin © Search for crippled Russian submarine The Swedish military says it is searching for a foreign ship in the waters off Stockholm.

the Swedish military says it is searching for a foreign ship in the waters off Stockholm The Swedish military says it is searching for a foreign ship in the waters off Stockholm using helicopters and boats.A Swedish military spokesman said the search for a "foreign underwater operation" began on Friday and was being conducted in the islands off Sweden's coast. The spokesman would neither confirm nor deny that the search is for a crippled Russian submarine.The Swedish newspaper Svenska Dagbladet reported that the military had intercepted an emergency call in Russian meant for a base in Russia's Baltic Sea port Kaliningrad. Source : The West Australian

The largest ever ship on the Thames arrived last Sunday Distribution : daily to 31300+ active addresses 21-10-2014 Page 4 DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2014 – 294

The largest ship ever to enter the Thames arrived at DP World London Gateway last weekend, The EDITH MAERSK arrived in the early hours of Sunday morning, October 19. The 397-metre-long, 56-metre-wide EDITH MAERSK has a draught of 16 metres and can carry up to 15,500 standard containers.Source: DP World London Gateway

The BOS FARHANA in Port Kelang – Photo : Capt. Jelle de Vries – Sunshine Offshore Services ©

Gondan Shipyard delivers the vessel Stril Luna, designed with FORAN FORAN has been the shipbuilding CAD/CAM System in the design and production of the vessel STRIL LUNA, built by Astilleros Gondán and delivered to the norwegian shipowner Simon Møkster Shipping. STRIL LUNA, an advanced offshore platform supply vessel (PSV), will navigate in northern waters of the North Sea, charter operated by the oil company Statoil, which belongs to the Norwegian state.With the basic design developed by Rolls Royce Marine, named as project UT 776 WP, the vessel has a length of 91.7 m, a beam of 20 m and it is prepared with the most innovative technology for navigating in extreme conditions. It is worth to mention its advanced capability with a fully integrated bridge, equipped with touch screams.

STRIL LUNA is the second unit delivered by Gondan to the Norwegian shipowner, who received the STRIL MERKUR from the shipyard in 2011, a 97 m length vessel currently operating (rescue, salvage, cargo, …) in offshore platforms in the North Sea by Statoil too.“FORAN is a totally integrated System fully customized to the production facilities in Gondan, so the vessel has been done successfully”, add Javier Llaneza, Technical Office Manager, after the delivery. FORAN, developed by SENER, is a shipbuilding-oriented CAD/CAM System used in shipyards and design offices over the world. One of them is Gondan, a shipyard at the forefront in shipbuilding.Source : SENER

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The ST LOUIS EXPRESS inbound at the Westerschelde bound for Antwerp – Photo : Henk de Winde ©

GeoSea acquires HOCHTIEF Offshore Assets HOCHTIEF is selling offshore assets to marine contractor and long-term partner GeoSea DEME’s marine engineering specialist GeoSea acquires offshore assets of HOCHTIEF, one of Germany’s leading international construction groups. GeoSea has had decades of success in marine engineering and is now acquiring full ownership of the heavy-lift jack-up vessel ‘Innovation’, one of the largest jack-up vessels in the marine construction industry. On top of that GeoSea takes over some other obligations (with regard to assets and personnel); these obligations however have negligible impact on the consolidated balance sheet of DEME.

Luc Vandenbulcke, Managing Director GeoSea: “Both market expectations and order book require continuous investments. This transaction is a significant contribution to expand GeoSea’s activities in the European offshore wind market.”The sale is subject to certain customary conditions including regulatory approvals. Source : MarineLink

The 2000 built HKG flag bulker YONG HUAN berthed for the first time at the Grand Harbour, Malta on Friday 10th October, 2014. Photo : Capt. Lawrence Dalli - www.maltashipphotos.com ©

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Subic expected to benefit from severe congestion at Manila's port CONTAINER throughput at the Port of Subic in the Philippines is forecast to surge by 84 per cent this year to 70,000 TEU from only 38,000 TEU in 2013, according to the Subic Bay Metropolitan Authority (SBMA), mainly due to the extreme congestion seen at terminals in the capital Manila. Shipping lines are as a result looking at linking Subic Bay with big ports in the region. SBMA chairman Roberto Garcia said Japan's NYK was "seriously thinking of establishing a Subic-Singapore route," while another carrier was looking at a new service that would link Subic with Shanghai, reported SeaShip News Singapore. Source : Asian Shipper

Shiplive photo The ICE POINT outbound from Rotterdam CLICK on the photo and Photo / Video Cees van der Kooij © Final foundation is milestone for Eneco Luchterduinen wind farm The final foundation for the new Eneco Luchterduinen wind farm was installed. Van Oord’s offshore installation vessel, the AEOLUS, drove the last of a total of 44 piles into the seabed. The project is proceeding right on schedule.

Installation of the 43 wind turbines and the Offshore High Voltage Station will begin next spring. In addition, on 15 October operators began rolling out the power cable that will connect the new wind farm to shore. The cable is more than 25 kilometres long.The new wind farm is being constructed 23 kilometres offshore, between the Dutch seaside towns of Noordwijk and Zandvoort. Van Oord is the main contractor for this EPC project, which is being carried out for joint venture partners Eneco and Mitsubishi Corporation. Eneco Luchterduinen wind farm will be fully operational in late 2015 and deliver green energy to almost 150,000 households. It will therefore help the Netherlands meet the targets stipulated in its national Energy Agreement for Sustainable Growth. Source : Van Oord 3 Best Stocks to Invest in Shipping There is an ocean full of shipping stocks to invest in these days. Unfortunately, like the high seas, many of these stocks can be volatile enough to make you lose your lunch. That’s why I prefer to invest in shipping stocks that offer less volatility along with a solid dividend yield. Topping that list are Seaspan Corporation , Nordic American Tankers Ltd , and Textainer Group Holdings Limited . Here’s why. Distribution : daily to 31300+ active addresses 21-10-2014 Page 7 DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2014 – 294

A safer way to navigate the high seas Like a lot of shipping stocks, Seaspan owns and manages a large fleet of ships, and it owns strictly containerships. However, where Seaspan parts ways from other shipping stocks is in its business model. Seaspan charters its vessels in long-term, fixed-rate time charters to major container liner companies. While it gives up some upside to prices, it makes that up in security of cash flow, enabling the company to steadily grow while paying out a very compelling 7.8% dividend. As the following slide shows, Seaspan’s 75 vessels have an average charter length of five years and the charters are staggered so that it only needs to manage a few renewals each year. This security enables Seaspan to weather almost any storm, as it won’t be faced with a large number of renewals when charter or freight rates are weak. That makes it one solid shipping stock to invest in amid the sea of volatility that the industry is known to produce. A focused way to ship oil In one sense, Nordic American Tankers takes the opposite approach as Seaspan. It doesn’t sign long-term charters with shippers. Instead, it leases its ships purely on the spot market as it seeks to take advantage of prices. This approach yields a highly volatile dividend and stock price, as we see in the following chart. Still, even at the low end, this is a very high-yielding stock . And things get really compelling when we see Nordic American Tankers’ operating leverage kick in. In order to mitigate risk and keep its costs low, Nordic only owns Suezmax vessels, with its current fleet up to 22 vessels. When spot prices are lower, the dividend is more modest. For example, if the spot rate average is $20,000 per day for the year, that will equate to about $0.60 in dividends per share being paid that year. However, when spot rates pick up and the operating leverage kicks in, the dividends really pick up. We see this when the spot rate doubles to $40,000, as the company’s dividend for the year skyrockets to $2.40 per share. This solid dividend in weak times and incredible potential in good times is what makes Nordic American Tankers one of the best shipping stocks to invest in. Staying on shore The final shipping stock technically isn’t a shipping stock. Textainer Group Holdings owns the shipping containers that are shipped on vessels like those owned by Seaspan. In fact, it’s the world’s largest lessor of containers, with more than 2 million under its control, which it leases out to around 400 shipping lines. Like Seaspan, its leases are mostly long-term in nature, with an average remaining lease term of 3.4 years. This provides stable cash flow so Textainer can pay a generous dividend to its investors.This stability enables container leasing companies like Textainer to keep their heads above water when the economy begins to sink. As the following slide notes, leasing companies maintained a strong operating margin when the global economy went off the deep end in 2009, while container shipping lines lost money The ability to maintain strong profitability during an economic storm is why Textainer makes a better “shipping stock” to invest in than most shipping stocks.Stock prices of shipping companies can be as choppy as the ocean. That’s why I prefer to invest in shipping stocks that focus on secure revenue sources like long-term leases and pay strong dividends or have extreme operating leverage to profit even in lean times. This takes away the stomach-churning volatility and replaces it with a more stable return. Source: Motley Fool

The SNOEKGRACHT passing the Kiel Canal – Photo : Jacco van Nieuwenhuyzen © Sohar to offer LNG bunkering services Distribution : daily to 31300+ active addresses 21-10-2014 Page 8 DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2014 – 294

Muscat: Sohar Port and Freezone is to offer ship-to-ship LNG services to vessels, following an announcement at the 2014 Singapore International Bunkering Conference that it has put measures in place to begin issuing licenses to LNG service providers. Fendercare and SPT will be the first companies to provide the pioneering service after requesting permission to begin operations, and executive commercial manager Edwin Lammers revealed there are also plans to expand in-port operations for vessels calling at Sohar.

We are delighted to announce that we have put all of the necessary licensing structures in place to be able to start LNG ship-to-ship services in SOHAR. Around the world there are currently only a few ports that are able to offer this service, among them Port of Rotterdam and Singapore,” Lammers explained.“This will be the first phase of our project, and we will move quickly in issuing the new licenses and getting things up and running. The second phase will involve installing LNG bunkering services for vessels calling at SOHAR Port.”Sohar’s bunkering ambitions feature in a magazine just published by our sister title, SeaShip News, which readers can access for free here. Source : GulfshipNews

The JOHN RICKMERS at the Westerschelde – Photo : Walter de Groot © China-Vietnam Maritime Relations: Promise To 'Properly Deal' With South China Sea Dispute China’s Premier Li Keqiang and his Vietnamese counterpart, Nguyen Tan Dung, agreed Friday on cooperation and bilateral talks to discuss the ongoing tensions over maritime disputes in the energy-rich waters of the South China Sea. The agreement is a step away from a tense climate that recently reignited animosity between the two countries, which fought a war in 1979.The two officials met at the Asia-Europe Meeting in Milan, Italy. China’s state-run Xinhua News Agency reported that the two sides will “properly deal with bilateral maritime differneces and keep bilateral ties on the right track.”Sino-Vietnamese relations were derailed earlier this summer when the positioning of a Chinese oil rig within what Vietnam considers its exclusive economic zone sparked anti-Chinese violence and episodes of xenophobia.

Scores of Chinese and Chinese-looking residents left Vietnam in an exodus after a violent confrontation between Chinese and Vietnamese factory workers over the newly erected rig prompted a series of protests. During the protests the violence only escalated, with at least two Chinese killed and around 90 people injured. The situation was only

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exacerbated when China’s notoriously hawkish newspaper Global Times called for “non-peaceful” measures against countries embroiled in regional territorial disputes with China.Now, the two significant economic partners are working to overcome the violence, even if the territorial dispute remains at a stalemate. “Thanks to efforts from both sides, China-Vietnam relations have ridden out the recent rough patch and gradually recovered,” Li said during the meeting.

The two governments hope to further cooperation in infrastructure, finance and maritime exploration. Source : ibtimes

ATLANTIC HANDYSIZE DRY: Consistent inquiry keeps rates steady, tonnage overhang persists Supramax markets on both sides of the Atlantic continued to face an oversupply of tonnage, but steady levels of inquiry were keeping freight rates stable, shipping sources said. On the US Gulf Coast, there was demand for front- haul grain and trans-Atlantic petcoke cargoes, but the region remained saturated with vessels, sources said.The USGC to Far East grain route, basis 50,000 mt, was assessed flat day on day at $17,000/d. The USGC to Eastern Mediterranean petcoke route, basis 50,000 mt, was valued at $13,000/d.D’Amico was heard offering $18,000/d for a Supramax stem to the Far East out of the USGC, but shipbroking sources said charterers were unlikely to agree at that level any longer. “The overall view among shipowners is that $17,000/d will become the new market level for front-haul out of the US Gulf,” a source with a shipowner said. “I wouldn’t be surprised if some charterers were holding back cargo in order to see if owners will lower their offers,” he added.According to media reports, despite the US anticipating a record grain harvest this year, high volumes of grain have not materialized in ports on the USGC because producers were unwilling to pay high barge shipping fees along the Mississippi River. Barge fees reportedly surged in the past year, in part due to higher competition between the US agricultural industry for a limited amount of barges on the Mississippi with the US’ booming shale oil industry.On the UK-Continent, no new deals were heard, but freight rates for voyages to the Mediterranean were expected to weaken slightly in coming days, as a number of new ships were opening up in the region at the same time as inquiry was thinning out, sources said.The UK-Continent to Eastern Mediterranean scrap metal route, basis 50,000 mt, was assessed flat on the day at $17,000/d.“There is cargo on the UK-Continent, but is not enough to keep rates from falling,” a shipbroker said. At the same time, with trading becoming sluggish on both sides of the Atlantic, “no owner is considering ballasting anywhere else for the time being,” he added, which should lead to the UK-Continent flat-lining soon.The Black Sea and Mediterranean regions continued to grapple with a high tonnage count, which demand for grain out of the Black Sea mostly destined for North Africa was not helping ease, sources said.The Nikolaev, Ukraine, to Alexandria, Egypt, grain route, basis 25,000 mt, was unchanged day on day at $15/mt.Source: Platts

Shifting lifeboats in Dalian Photo : Capt. Neil Johnston Master Terasea Falcon ©

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Emas LEWEK CONSTELLATION passing Maassluis enroute the Huisman Yard in Schiedam Photo : Kees van Schie © Oil Tankers to China Jump to Nine- Month High Amid Crude Rout The number of supertankers sailing toward China’s ports surged to a nine-month high amid speculation an oil-price slump is encouraging the world’s second-biggest crude importer to accelerate purchases. There are 80 very large crude carriers, the industry’s biggest ships, sailing toward the Asian country’s ports, according to IHS Fairplay vessel- tracking signals compiled by Bloomberg at about 10 a.m. today. That’s the highest since Jan. 3. Average shipments are 2 million barrels.Brent crude, the global benchmark, plunged to a four-year low yesterday amid speculation Saudi Arabia, Kuwait and other nations in the Organization of Petroleum Exporting Countries won’t curb production. The slump is likely encouraging buying to fill China’s strategic stocks, according to Energy Aspects Ltd., a London-based consultant.“There’s a lot of bargain hunting going on,” Richard Mallinson, an analyst at Energy Aspects, said by phone. “Whilst prices are low we think there’ll be buying for Strategic Petroleum Reserve filling and also just trying to capture these discounted crudes.”Brent crude pared its slump today after Goldman Sachs Group Inc. said there was no glut of oil and that prices have plunged too far. December contracts gained 0.7 percent $86.42 a barrel in London at 1:28 p.m. today. WTI, the U.S. benchmark, was up 1 percent at $83.53. Strategic Reserves China has about 41 million barrels of commercial oil storage and strategic petroleum reserve which is available to be filled, Energy Aspects estimates. New facilities are also coming online, Mallinson saidShipping rates are also rallying. VLCCs transporting crude to Asia from the Middle East are earning $25,873 a day, close to the highest in two months,

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according to the Baltic Exchange in London.Most ships in the merchant fleet signal their destinations, depth in the water, speeds and other movement data. The number of supertankers headed for Japan are the highest since December. Those to South Korea and India also climbed.The 80 bound for China compare with an average of 63 for the past two years and match a record in data that started in October 2011. China’s crude imports averaged a record 25.298 million metric tons in the first eight months, customs data show.“It’s a good forward indicator of Chinese purchases,” said Julian Lee, a strategist who writes for Bloomberg First Word. “It gives us an indication of their imports well before customs data become available.”Source: Bloomberg

The 32.6 mtr mtr long Protector (Pacific Forum)-class small patrol boat PL 6 56 DETECTOR is a class of vessels built and used by the Hong Kong Police for marine patrols off Hong Kong. They are based on the Pacific class patrol boat built in Australia for several Pacific island nations. Commissioned in 1993, six boats were delivered and in service the boats are CODAD powered by 1 Cat cruise diesel, 1 waterjet with an output of 775 bhp and 2 Cat boost dieselsdriving each 1 shaft with total output of 4,400 bhp for a top speed of 24 knots (44 km/h; 28 mph) total Complement: 19 crew photo : Piet Sinke © CLICK on the photo !

Iran's Navy Commander in China to Discuss Wider Military Cooperation Distribution : daily to 31300+ active addresses 21-10-2014 Page 12 DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2014 – 294

TEHRAN (FNA)- Iran's Navy Commander Rear Admiral Habibollah Sayyari arrived in China earlier this morning to confer with senior Chinese military officials on the expansion of Tehran-Beijing military relations.The Iranian navy commander, who is in China at the official invitation of his Chinese counterpart, is to hold several meetings with senior military officials of the country during his stay.A high-ranking military delegation is accompanying Admiral Sayyari in his trip.

Prior to his departure, the Iranian commander said that his visit is aimed at boosting bilateral defense ties within the framework of the agreements endorsed during the visit of the Iranian defense minister to Beijing, training cooperation, and joint wargames."We try to obtain an exact assessment about the training capabilities and skillfulness of the Chinese navy during the visit to the country," the Iranian commander pointed out.He said he would also discuss provision of the Iranian Navy's equipment and technical needs during his meetings in China, adding that his trip is mainly aimed at naval interaction as a first step. Last month, a detachment of China's fleet of warships docked in Iran's territorial waters in the Southern port city of Bandar Abbas.It was the first time that a Chinese flotilla sailed and berthed in Iran's territorial waters.An Iranian flotilla was in the Sea of China last year to deliver Iran's message of peace and friendship to the Chinese.In May, 2013, the Iranian warships docked in Zhangjiagang after a 13,000- kilometer voyage in 40 days as part of their mission to convey Iran's message of peace and friendship to the East Asian states.

The visit by the Chinese Navy ships also came a few days after the timely presence and action of the Iranian Navy's 31st Flotilla thwarted an attack by eight pirate speed boats, equipped with various light and semi-heavy weapons, on a Chinese container-carrier ship in the waters of the Gulf of Aden, and forced the pirates to flee the scene.The Chinese ship was traveling en route from Singapore to Jeddah, Saudi Arabia, before it came under pirates' attack.

The Chinese ship continued its voyage after it was rescued by the Iranian Navy.The 31st Fleet of the Iranian Navy, comprised of Bayandor destroyer and Bandar Abbas logistic warship, was dispatched to the Gulf of Aden and the high seas late July to protect the country's cargo ships and oil tankers against pirates.The fleet of warships has escorted 670 military and cargo ships by now and has identified and traced trans-regional vessels and aircraft. Iran's 30th flotilla of warships ended its mission in the Gulf of Aden and the Indian Ocean and returned home in July.The Iranian Navy has been conducting anti-piracy patrols in the Gulf of Aden since November 2008, when Somali raiders hijacked the Iranian-chartered cargo ship, MV Delight, off the coast of Yemen. According to UN Security Council resolutions, different countries can send their warships to the Gulf of Aden and coastal waters of Somalia against the pirates and even with prior notice to Somali government enter the territorial waters of that country in pursuit of Somali sea pirates. Source : FarsNews

The 94.267 DWT 300 mtr long MAERSK LAVRAS passing Maassluis outbound from Rotterdam Waalhaven with destination Tilbury Photo : Monique Davis-Mulder © PIRACY APPROACHES CONTINUE TO RISE IN SEA OF OMAN, SAYS MARITIME MONITOR

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A series of piracy-related incidents were reported during the third quarter of this year in the Gulf of Aden from the Northeast Somali coastline, up along the Omani coast, according to OCEANUSLive, a maritime sharing platform.UK’s Dryad Maritime’s recently released Q3 maritime crime figures also show that piracy is continuing to rise across the globe at similar levels as compared to Q2. Ian Millen, Dryad Maritime’s chief operating officer said, “The southwest monsoon period in the Horn of Africa, the high wind speeds and waves in excess of five metres in the Indian Ocean/Arabian Sea and Gulf of Aden has precluded Somali piracy operations. However, the monsoon conditions have not affected the Southern Red Sea and the Sea of Oman.”

Millen said that with calm seas forecast over the next few months, conditions will be more favourable for pirate operations. “However, a lack of funding, equipment and manpower is likely to limit the number of Pirate Action Groups at sea.”Speaking to Muscat Daily, Glen Forbes, a former Royal Navy officer and founder of OCEANUSLive, said, “There were incidents reported in August and September in the Sea of Oman.” He revealed that one incident was reported on September 25. “Another incident reported on August 12 was considered mistaken identity; Omani fishermen reported the probable sighting, although the incident remains noted as a suspicious incident by most reporting authorities,” said Forbes.

He added that a matter of concern during Q3 has been the reports of a number of skiffs - between four to nine skiffs - closing on merchant vessels in the Bab al Mandeb (BAM) area. Elaborating on the piracy-related activities in the region, Forbes said, “In all there were 22 reported incidents with 20 incidents which were suspicious in nature. On July 7, a Kenyan cargo ship heading for Mombasa got stranded close to the Somali shore as locals tried to loot the goods. Another incident on September 8 is believed to have been an instance of human trafficking in the Gulf of Aden.“Meanwhile, the Philippine Overseas Employment Administration (POEA) has issued new guidelines defining high risk areas and benefits due to seafarers that apply to the Internationally-Recognized Transit Corridor (IRTC) within the Gulf of Aden, he said. The resolution became effective on October 1, 2014 and it reclassifies the status of Gulf of Aden from ‘high risk’ to ‘extended risk’.”Additional compensation will only apply if the vessel is subject to a confirmed attack, according to the agreement.Forbes said that despite the amount of suspicious activity reports, no reports of a direct attack on any ship was issued during Q3. “The increase of masked skiffs in the BAM is a concern and the unknown perpetrators of approaches in the Sea of Oman and Arabian Gulf raise questions as to how protection against the actions of such unknown actors can be established,” he added.

Incidents reported in Q3

August 12: India-flagged product tanker sent a distress signal reporting three suspicious skiffs in the Sea of Oman. Three skiffs chased the vessel with one skiff coming to within 50m but no shots fired. Skiffs aborted chase; tanker resumed passage.

August 16: Merchant Vessel (MV) was approached by two skiffs in the Sea of Oman. One skiff with four POB (Pirates on Board) another with two POBs closed in. Weapons fired into water. Vessel safe.

September 4: MV approached by three grey and orange-hulled speed boats in the Arabian Gulf. Skiffs approached the vessel to within 1.2nm. Each boat contained two POB in black clothes, and reportedly were armed with a machine-gun partially covered by a tarpaulin. The master conducted evasive manoeuvres whilst being followed for 5¨C10 mins, after which the boats headed in a westerly direction. Vessel and crew safe.

September 5: MV approached by three white-hulled skiffs, approx 45nm in the Sea of Oman. Skiffs came to within 0.6nm. The skiffs carried two or three POB wearing green or black clothes. The vessel operated hoses and the skiffs departed in a northerly direction. Vessel and crew safe.

September 25: Merchant Vessel (MV) reported being approached to within 20m astern by one skiff at speed, Strait of Hormuz. Weapons were alleged to have been sighted plus rope and hook. MV alerted vessels in the vicinity, applied self protection measures, skiff broke off; incident lasted for 1.5 hrs. Vessel and crew safe. Source : muscatdaily

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Viking Ocean Cruises Announces Captain Of Viking Star Captain Gulleik Svalastog Brings 40 Years of Sailing Experience to Viking's First Ocean Ship

Viking Ocean Cruises® (www.vikingoceancruises.com ) announced that Captain Gulleik Svalastog will be at the helm of its first ocean ship – the 930-passenger Viking Star – which will take on its first guests in April 2015. Leveraging his experience as a cruise captain in Norway, Captain Svalastog will command and oversee the operation, crew and safety of the ship in its maiden season in Scandinavia and the Baltic; and the Western and Eastern Mediterranean. Viking has also released today a new online video interview with Captain Svalastog. Svalastog brings 45 years of sailing experience to Viking Ocean Cruises. He has held a variety of senior ship management positions and has worked as superintendent for Norwegian Cruise Line and Crystal Cruises and as Lead Auditor for Det Norske Veritas (DNV). His most recent position held was captain of Color Line Cruises. Svalastog is currently a member of the team overseeing the final stage of outfitting and interior build-out for Viking Star, which touched water for the first time in June 2014 at Fincantieri's Marghera shipyard and will be christened in May 2015."We could not ask for a better captain for our first ocean ship," said Torstein Hagen, Chairman of Viking Cruises. "Captain Svalastog brings an impeccable record that will undoubtedly guide Viking Star and her guests though a successful maiden season." Singapore's MPA discuss with European Port Authorities on harmonising LNG bunkering standards and procedures The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG) bunkering focus group discussion on 14 and 17 October, held in conjunction with the Singapore International Bunkering Conference and Exhibition (SIBCON) 2014, MPA said in its press release.The three European port authorities and Singapore discussed the following areas on LNG bunkering: Harmonise the technical standards and procedures Examine risk management, emergency procedures and crew competency standards for international shipping Mr Andrew Tan, Chief Executive of MPA, said, "As an alternative fuel, the shipping industry is looking to LNG as a cleaner marine fuel to meet international regulations. Given the international nature of shipping, we are excited to work with the Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge, to harmonise the global LNG bunkering standards. We have made good progress in our discussions and will continue with our efforts to prepare the Port of Singapore to be ready for LNG bunkering in the near future." Mr Eddy Bruyninckx, CEO of the Port of Antwerp, said, "Antwerp has the ambition to be the most sustainable port in the Hamburg-Le Havre range. Being sustainable is not a trend for the port of Antwerp, it has become a way of managing our port. Our steps towards the creation of the possibility for ships to bunker LNG in our port form part of

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this sustainable management. Already in 2011 we expressed our strong belief in LNG as a fuel for the future. In the past years we developed and published procedures for the safe bunkering of LNG as a shipping fuel, we looked into the possibility to build a LNG bunkership and we are currently in the process of tendering a candidate to build and operate a LNG bunker station for barges. The European Union is supporting us, but of course the cooperation with other ports with an outstanding knowledge and expertise in LNG, like Rotterdam, Singapore and Zeebrugge are of great importance to successfully complete the pioneering work we are doing within the bunkering of LNG as a fuel for ships." Mr Ronald Paul, COO Port of Rotterdam Authorities, said, "As the most important bunker port of Europe we strongly believe in the transition from heavy fuel oil to LNG as fuel for the shipping industry. Together with other ports like Amsterdam, Zeebrugge and Antwerp we work on the conditions to realize that. The European Union supports us with financial aid for general facilities. It is good to look further than the European border and harmonise also global LNG bunkering standards. The ports of Rotterdam and Singapore have a long tradition of partnership when it goes about environmental shipping issues." Mr. Joachim Coens, CEO of the Port of Zeebrugge, said, "Port of Zeebrugge has 27 years of LNG experience, the Fluxys LNG terminal being one of the major European LNG hubs. LNG is without any doubt one of the best possible options to cope with the forthcoming IMO emission limits. Zeebrugge aims to play a lead role in the evolution of LNG fuelling. At this moment we are adjusting the port regulations, an important step in establishing LNG bunkering operations in Zeebrugge. Apart from this theoretical framework, we have already worked together with several parties who are part of the elaboration of different kinds of small scale LNG projects connected to Zeebrugge in one way or another." Over the years, MPA has been collaborating with industry partners and stakeholders on joint industry projects on LNG bunkering in Singapore. In 2010, MPA embarked on a joint industry project led by DNV Technology Centre to assess the commercial viability for LNG. In 2013, MPA signed a Memorandum of Understanding with the Antwerp Port Authority and the Port of Zeebrugge to harmonise LNG bunkering standards. In 2014, MPA and its appointed consultant, Lloyd's Register, completed its study on the Technical Standards and Procedures for LNG bunkering in the Port of Singapore. Following the study, MPA is working closely with the industry and stakeholders to develop a Technical Reference for LNG bunkering in Singapore. The Port of Singapore recorded bunker sales volume of 42.5 million tonnes in 2013, retaining its position as the world's top bunkering port. Singapore's strong performance in bunker sales can be attributed to its strategic location at the crossroads of international trade and the industry structure that results in competitive bunker prices and assured quality and safety standards.

The Maritime and Port Authority of Singapore (MPA) was established on 2 February 1996, with the mission to develop Singapore as a premier global hub port and international maritime centre (IMC), and to advance and safeguard Singapore's strategic maritime interests. MPA is the driving force behind Singapore's port and maritime development, taking on the roles of Port Authority, Port Regulator, Port Planner, IMC Champion, and National Maritime Representative. MPA partners the industry and other agencies to enhance safety, security and environmental protection in our port waters, facilitate port operations and growth, expand the cluster of maritime ancillary services, and promote maritime R&D and manpower development.

Kongsberg Signs contract for drilling solution with Petronas Carigali Kongsberg Oil & Gas Technologies AS, a wholly owned subsidiary of Kongsberg Gruppen ASA (KONGSBERG), is pleased to announce the signing of a $2.2 million software contract with Petronas Carigali, the exploration and production subsidiary of PETRONAS, the National Oil Company of Malaysia, to deliver class-leading SiteCom® real-time drilling operations software and services for a period of 4 years with the option to extend the contract for an additional year. Petronas is a fully integrated oil and gas corporation controlling all of the petroleum resources in the country making this contract significant for regional growth within KONGSBERG.

“We have been working on this opportunity with our local partner CEKAP for the past 4 years, demonstrating to Petronas the importance of using an independent provider for their real-time solution and of being able to take control of their drilling operations. With the SiteCom installation, Petronas will be able to monitor their key performance indicators and make use of their previous drilling experience to plan new wells. This will enable them to start realising significant value from the real-time data that they are collecting. This is extremely important to their infrastructure for the future and a huge win for KONGSBERG,” Ben Lovell, VP Sales and Marketing.

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Kongsberg Oil & Gas Technologies is an independent supplier of technology, software solutions and services to the oil and gas industry. The focus is on delivery of subsea projects and products, real-time decision support solutions for drilling, well surveillance and production operations and integrity management systems.

Kongsberg Oil & Gas Technologies works towards improving efficiency, reducing costs and enhancing decision making capabilities for operators in exploration and production operations through a combination of subject matter expertise and technology solutions.Kongsberg Oil & Gas Technologies is headquartered in Asker, Norway and operates globally with offices in all key regions of the world. Kongsberg Oil & Gas Technologies is a wholly owned subsidiary of Kongsberg Gruppen ASA (KONGSBERG) For more information, please visit www.kongsberg.com Panama transits for big gas carriers will be "extremely expensive," says Avance VERY large gas carriers (VLGCs) will for the first time be able to transit the Panama once its expansion is completed in 2015-16, however, it is expected to be "extremely expensive", according to the owner of VLGC company Avance Gas.

Avance plans to only use the canal when its vessels are laden with cargo owing to the high transit costs. On the return ballast leg it will take the longer route around Cape Horn instead.

COSCO mv Xia Zhi Yuan 6 departing 18 October from Trieste / Italy bound for Panama , with the shipment of the last 4 new Lock Gates fabricated in Italy. Photo : Capt. Arie Zeeuw / Dutch Offshore Contractors ©

The Panama Canal toll has risen by 95.2 per cent since 2005, according to the Japan Maritime Centre using data from the Panama Canal Authority, reported Lloyd's List. "We will use Panama if our customers are ready to pay for it," said Avance Gas chief executive Christian Andersen.

The expanded canal is also likely to be extremely congested, with long waiting times for ships carrying liquefied petroleum gas (LPG) through the waterway, he noted.His comments come as VLGC shipping prepares to send vessels through the canal for the first time, significantly cutting voyage times from the US to Asia.

Focus on the canal is now intense in gas shipping because LPG exports from the US Gulf are having a big impact on market dynamics.

This year will see 12-15 million tonnes of LPG exported from the US Gulf. Next year should see this rising to 20 million tonnes, then about 30 million tonnes in 2016, all due to the country’s boom in oil and gas production, which produces LPG as a byproduct."We don't expect to see any shortage of LPG," said Mr Andersen.

Five per cent of American LPG exports go to South America, 55 per cent to Europe, 30 per cent to Asia, and the rest to various destinations.This LPG is likely to fall in price due to the price drop of crude oil. Falling LPG prices in the US mean more buying of cargo and therefore more demand for ships to carry them."That’s extremely good news for our industry," said Mr Andersen.As a result, vessels are being kept extremely busy. Avance says its fleet utilisation is up above 95 per cent. Source : Asian Shipper The People Vs. Shipping Giants Eimskip And Samskip This week the Icelandic Competition Authority filed a complaint against eleven high-level employees of shipping companies Eimskip and Samskip for illegal collaboration. Among those accused of anti-competitive conduct are Eimskip’s CEO Gylfi Sigfússon and Samskip’s CEO Pálmar Óli Magnússon. The complaint describes the alleged

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violations as a potential cause of “great financial damage” to the public.“The emphasis in sales in 2011 will by and large depend on whether the import markets stay calm. It is presumed that neither Eimskip nor Samskip will impede much but rather emphasize raising prices.” — Samskip’s marketing department.The charges are based on a long- standing investigation, which led to repeated search warrants in the premises of both companies, as well as their subsidiaries, involved in transports on land and sea. These include Samskip’s Landflutningar and Jónar Transports, as well as Eimskip’s TVG Zimsen and Flytjandi. Combined, these hold two thirds of the country’s transport market. Allegedly the companies divided the market among themselves, collaborating to diminish competition. Half of consumer goods are imported According to RÚV’s Kastljós, some larger companies, involved in imports, attempted to move their business from one transport company to the other and were either outright refused services, or offered more or less exactly the same prices by both. Kastljós quoted an internal report by Samskip’s marketing department, which stated explicitly that “the emphasis in sales in 2011 will by and large depend on whether the import markets stay calm. It is presumed that neither Eimskip nor Samskip will impede much but rather emphasize raising prices.” The same note is struck in various citations from sources within both companies, as well as their subsidiaries, dating back at least to 2008. Interviewed by Kastljós, economics professor Þórólfur Matthíasson commented that half of all consumer goods in Iceland are imported, and that anti-competitive collaboration among the shipping giants can thus have grave consequences for the public at large. Highest possible sentence: 6 years By filing the complaint, the Competition Authority refers the case to the office of Special Prosecutor, which will decide on the following procedure. According to article 41 of the Competition act, the highest sentence for the alleged conduct is six years in prison. The two shipping companies are reportedly also under investigation at the hands of Dutch competition authorities. Source: Grapevine

NAVY NEWS Missile boat crisis ends as Germany gives Israel $382 million discount A crisis between Israel and Germany over missile boats required to protect Israel's offshore gas fields has ended after Berlin agreed to slash €300 million (about $382 million) off the cost, officials on both sides said. They are expected to initial an agreement for the boats within weeks.The talks between Israel and Germany to purchase three fast missile boats to protect the gas rigs off Israel’s shore began a year ago. Haaretz reported that the deal was worth about €900 million.

Israel asked for a 30 percent reduction on the price, like it had received in previous deals on German submarines. The German discount, tantamount to a grant of hundreds of millions of euros, was part of Chancellor Angela Merkel’s policy to bolster Israel’s security. In the beginning of May, about two weeks after the talks between Israel and the Palestinians stalled, German’s national security adviser Christoph Heusgen told his Israeli counterpart Yossi Cohen that Israel would not receive the discount and would have to pay their full price. Heusgen said that following the breakdown in the peace talks with the Palestinians and the harsh criticism in Germany of Israel’s construction in the settlements, the Bundestag would not approve a grant of hundreds of millions of euros to subsidize the boats. The German decision deepened the crisis that has been developing between the two states over the past five years, due to the tense relations between Merkel and Prime Minister Benjamin Netanyahu.

The low-key talks were jumpstarted at the end of June when Foreign Minister Avigdor Lieberman visited Berlin and met German Foreign Minister Frank-Walter Steinmeier. According to a senior Foreign Ministry official in Jerusalem, Steinmeier told Lieberman "don't worry, it will be o.k.," and Lieberman left the meeting optimistic about the possibility of getting the missile boats deal back on track.The talks continued intensively for three months after the meeting between a small group of senior officials on both sides - Lieberman and Steinmeier, Israeli ambassador to Germany Yaakov Hadas and Germany's ambassador to Israel Andreas Michaelis, national security advisor Yossi Cohen and his German counterpart Christoph Heusgen, as well as Finance Minister Yair Lapid and his counterpart Wolfgang Schäuble.

Israeli officials who asked to remain anonymous said there were several factors which led to the German decision to give Israel the grant despite the criticism over the failure in the Israeli-Palestinian peace talks and the continued construction in the settlements. One official said Lieberman deserves most of the credit, for forging close cooperation with Steinmeier, who pushed to advance the deal in Germany. “Lieberman dealt with the issue incessantly,” the official

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said. “He played a very positive part and managed to enlist many German officials to advance the issue.”Another official said Finance Minister Yair Lapid’s visit in Berlin for talks with German Finance Minister Wolfgang Schaeuble was extremely helpful in advancing the deal in its last stages.Lapid also met Heusgen and told him he was trying to restrain Israel’s money transfers to the settlements. Another official said the Germans understood that the missile boats were a vital security necessity for Israel. Cohen, who held talks with Heusgen and other German officials, told them there was a real threat that Hezbollah would attack the gas rigs.Moreover, the deal was worth hundreds of millions of euros for the German economy and for shipyards which employ thousands of workers. The initial German refusal to give the discount made Israel examine the possibility of purchasing the boats from South Korea. Eventually, the Germans understood they too have an interest in promoting the deal and in putting the discount back on the table. What finally swung the deal was Merkel’s personal commitment to Israel’s security, a Foreign Ministry official said. "Though she has a lot of criticism, when it's come to Israeli security she puts it all aside," said the official. “This deal will strengthen Israel’s strategic ties with Germany for the next 20 years,” he said. Source : Haaretz Taiwan tests submarine-launched Harpoon missiles The Republic of China Navy has successful tested two submarine-launched Harpoon missiles acquired from the United States, according to local press reports Saturday. The test was held earlier in the week in waters off southern Taiwan's Pingtung county, during which American representatives were present, said the reports. Ministry of National Defense spokesman Major General Luo Shou-he refused to comment on the test, however, saying only that the navy has successfully carried out its training. The missiles have a range of over 100 kilometers, and are expected to boost the military's capability in long-distance combat, the reports said. After the upgrade of the Sea Dragon submarine, a Sea- Tiger-class submarine will also be refitted to carry the weapons, according to the reports. Source : Want China Times British navy ship heading for Sierra Leone Ebola zone A British navy ship left Friday for Sierra Leone laden with personnel, aid and equipment to treat people infected with the Ebola virus. The RFA Argus, departed from Falmouth, southwest England and departed for the 10-day journey, stopping at Gibraltar en route to pick up more supplies. The civilian-staffed military medical support ship will carry materials to build medical units and help keep them supplied. Some 80 medics and 80 marines are among the 350 people on board. It will travel with three Merlin utility helicopters, air crew and engineers to provide transport and support to medical teams and aid workers. Troops with landing craft will escort personnel ashore and protect teams deployed on the ground.While the ship is equipped as a "floating hospital", Ebola patients will not be brought aboard, and any member of the ship's company thought to have come into contact with victims would be sent to treatment facilities onshore. The ship could be stationed off west Africa for three months. Britain is taking the international lead role in tackling Ebola in Sierra Leone due to its historic links. Sierra Leone gained independence from Britain in 1961. But Britain's International Development Secretary Justine Greening said other nations needed to pull their weight in the region. "It is simply not going to be a tenable approach to simply leave the UK to work with Sierra Leone, the US with Liberia and France with Guinea and for no other countries to get involved," she told BBC radio. "The international community now needs to wake up to this crisis and start putting resources in." A British army medical team arrived in Sierra Leone on Thursday to work at a British-supported treatment centre. Screening at British airports for arrivals from the worst-affected region will be extended to two further airports, the government said Friday. The scheme, in place at London Heathrow and, after implementation at London Gatwick by the end of next week, will also be extended to Manchester and Birmingham. Meanwhile British pharmaceutical group GlaxoSmithKline, which is seeking to develop an Ebola vaccine, warned that one was unlikely to be available during the current outbreak. Ripley Ballou, GSK's head of Ebola vaccine research, told BBC radio: "To have a vaccine that people can use, you have to have the vaccine registered and it has to be manufactured on a scale that is consistent with the intended use. "It is going to be well into next year if not the year beyond before we have that kind of level of manufacturing and the data. "The vaccine is going to come too late for this epidemic. Source : Indiatimes

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SHIPYARD NEWS

The Hong Kong registered 2002 built 190 mtr long bulker KANG SHENG in drydock in Dalian for maintenance Photo : Capt. Neil Johnston Master Terasea Falcon ©

PLEASE MAINTAIN YOUR MAILBOX, DUE TO NEW POLICY OF THE PROVIDER, YOUR ADDRESS WILL BE “DEACTIVATED” AUTOMATICALLY IF THE MAIL IS BOUNCED BACK TO OUR SERVER If this happens to you please send me a mail at [email protected] to reactivate your address again You can also read the latest newsletter daily online via the link : http://newsletter.maasmondmaritime.com/ShippingNewsPdf/magazine.pdf

Korean Shipbuilders in Deep Trouble Major Korean shipbuilders attained their business goals earlier than expected last year and raised their order targets for 2014 on expectations that more orders would be placed in the marine energy equipment sector and the like. However, their predictions turned out to be wrong, and they seem unable to meet their larger goals this year. In particular, the offshore plant sector has become a nightmare. Hyundai Heavy Industries won orders worth a total of

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US$13.3 billion between January and September this year. The amount is equivalent to just 53.2 percent of its goal for 2014 The amount and percentage is US$6.5 billion and 45 percent each for Daewoo Shipbuilding & Marine Engineering. This company won no offshore plant construction contract at all during the period, though it earned US$4.08 billion by building such plants last year.Samsung Heavy Industries’ goal for this year is US$15 billion. However, it has received orders worth only US$6.5 billion combined by the third quarter.Industry experts are assuming that the companies will be able to achieve just 70 percent to 80 percent of their yearly business targets, when the number of business days left is allowed for, although some large-scale LNG carrier and offshore plant contracts are slated to be placed by shale gas developers.Source: Business Korea

Birdseye view of the Damen Schelde Naval Shipbuilding in Vlissingen with moored the offshore patrol vessels P 842 Zr Ms FRIESLAND and the P 843 Zr Ms GRONINGEN Photo : Hans van der Linden www.aerolin.nl @AerolinPhotoBV © Swissco Holdings Extends Monohull Crew Boat Fleet Incat Crowther is pleased to announce that Cheoy Lee has delivered a second pair of 36m Monohull Crewboats to Singapore-based operator Swissco Holdings. Swissco Spring and Swissco Leopard follow on from the highly successful Swissco Puma and Swissco Cheetah.The design features 94 square meters of aft cargo deck, capable of carrying 50 tons. The main deck passenger compartment features 70 seats, beverage counter, luggage racks and a pair of heads. Forward doors allow direct access to the foredeck for bow transfer of personnel.Below decks, the vessels accommodate ten crew in six cabins. Crew bathroom, laundry, galley and mess are situated aft of these.The vessels are powered by three Cummins KTA38M2 main engines, each producing 1350bhp at 1900rpm. These drive through Twin Disc MGX6690SC gearboxes to fixed-pitch propellers. The hull shape was refined through CFD analysis, giving the vessels a service speed of 24 knots and a top speed of over 27 knots.An additional two 36m Monohull Crewboats are under construction at Cheoy Lee for Swissco Holdings. Continuing a long relationship between designer and builder, Incat Crowther can also announce that Cheoy Lee are currently building a pair of 40m Monohull Crewboats. These vessels, to be delivered to an undisclosed operator, are an evolution of the 36m vessel, offering increased capability and capacity. Source : MAREX

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ROUTE, PORTS & SERVICES

Carriers need to lower unit costs to remain profitable: Dreary SHIPPING lines must continue to lower unit costs to be profitable in the short-term as freight rates will decline, according to Dreary Maritime Research's Container Annual Review & Forecast 2014/15. For more sustainable industry profits, carriers will need to reverse the unit revenue trend at some stage,Second-quarter income statements show that more ocean carriers are emerging from the red.

From the 15 of the top 25 shipping lines (as measured by operated vessel capacity), the number of profitable carriers doubled from five in the first quarter to 10 in the second quarter. However, the distribution of profits was still extremely uneven and insufficient for most to eradicate their first quarter losses.

The long road back towards profitability is now a very familiar one for most carriers: sizeable reductions to unit costs to compensate for lower unit revenues. Unit revenues were down by an estimated four per cent year on year for the first six months of this year, however unit costs have been reduced by six per cent. All carriers had lower estimated unit revenues (ie, revenue per TEU) in the first half than they did in the same period last year. Drewry's analysis reveals that the deepest rate cuts were felt by CSAV, Zim, HMM and Hapag-Lloyd, all of which lost money in the first half.

Lower unit revenue is not automatically a barrier to profitability so long as that decrease is matched or bettered by a corresponding reduction for unit costs.The three carriers that found winning formulas for profitability in the first half were OOCL (EBIT margin of 4.2 per cent), CMA CGM (4.8 per cent) and Maersk Line (eight per cent).

Again, the shifting balance between unit revenues, costs and volumes was markedly different for all three carriers. OOCL as the smallest of three lines attracted new customers and volumes rose by a market leading 10.1 per cent in the first half without having to significantly lower rates.OOCL's unit revenues were down by 2.8 per cent but even with all that additional cargo total costs only rose by 2.6 per cent, meaning that unit costs fell by an estimated 6.8 per cent.

French carrier CMA CGM saw its unit revenue decrease at the same rate as its unit costs in the first half.Maersk Line' first-half profit margin was 3.2 points higher than its closest rival due to lowering total cost (by 0.2 per cent) at the same time as moving an extra 600,000 TEU. Its unit revenue decreased 2.2 per cent year on year, the third lowest behind APL and Hanjin.

Drewry estimates that Maersk made US$115 per TEU in the first half, up from $76/TEU in the same period last year. CMA CGM's profit per TEU was estimated at $66, with OOCL's pegged at $48. Source : Asian Shipper

NEW FREMONT TUGBOAT BLOG AVAILABLE The latest Fremont Tugboat Blog (Mark Freeman’s Rudderless Newsletter) is now available. Go to www.fremonttugboat.com and click “Blog” on the left of the screen.

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DCV BALDER standby south of Port Fourchon L.A Photo : Fred Mos © Ballast Nedam Wins Subsea Inspection and Maintenance Contract Butendiek Ballast Nedam has been awarded the contract for the subsea inspection and maintenance of Offshore Wind Farm Butendiek by OWP Butendiek GmbH & Co KG, a company managed by German developer and wind farm operator wpd AG. The contract commences on 1 January 2015 and has an initial duration of 5 years.The contract comprises the subsea inspection and maintenance of the foundations of the wind turbines, the offshore substation and the cables. The offshore activities will be performed from the port of Havneby on the Danish island Rømø. The inspection works consist among others of:

Preparation of a maintenance plan for approval by the German Federal Maritime and Hydrographic Agency BSH (Bundesamt für Seeschifffahrt und Hydrographie); • Internal inspections inside the foundations; • External inspections of the foundations below water, using unmanned ROV equipment; • Bathymetric survey of scour protection and cable routes. Butendiek is a 288 MW offshore wind farm located in the German part of the North Sea, approximately 32 km west of the island Sylt. The water depth at Offshore Wind Farm Butendiek ranges from 17 to 22 meters. wpd will operate 80 wind turbines and one offshore substation station in the project area. Ballast Nedam has designed, supplied and installed the foundations for this wind farm. The final foundation was installed last month.

This contract for the subsea foundations and cables of Offshore Wind Farm Butendiek is the first inspection and maintenance contract Ballast Nedam has acquired outside the Netherlands. Ballast Nedam has been providing inspection and maintenance services for the foundations of the Dutch offshore wind farms Egmond aan Zee from 2007 until 2012 and Prinses Amaliawindpark since 2009. The contract for Prinses Amaliawindpark will end in 2014. Eneco is currently holding a tender for inspection and maintenance of Prinses Amalia windpark and Eneco Luchterduinen. The new contracts will be effective as of 1 January 2015. Including the new contract, Ballast Nedam's offshore inspection and maintenance portfolio includes the balance of plant of 140 wind turbines and related infrastructure with a combined capacity of 408 MW. Furthermore, Siemens has selected Ballast Nedam as preferred party for the inspections and maintenance of the foundations and cables of the Westermeerwind wind farm, which will start delivering power at the end of 2015.

In the offshore wind market, Ballast Nedam is providing cost-effective solutions and services for foundations of offshore wind projects from the foundation design up to the inspection and maintenance. Through condition based

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monitoring we collect insight into the behaviour and aging of the structure, thus enabling maximum availability during the remaining life time at optimized operational costs.

Through its asset management business unit, active in the working areas of housing, mobility and energy, Ballast Nedam implements its involvement in all phases of a project in order to create enduring quality at the lowest possible life cycle costs for its clients.

Ballast Nedam targets its strategic focus at successfully acquiring and carrying out integrated projects in the working areas of housing, mobility, energy and nature in the Netherlands and internationally. We will expand related activities in niche markets and work on projects where we can make a difference for the client with our expert knowledge and skills. Ballast Nedam applies a differentiated market approach for its three divisions. With further industrialization of the building process through the use of innovative modular concepts and standardization Ballast Nedam creates enduring quality at the lowest possible life cycle costs for its clients and society. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext. http://www.ballast-nedam.com

Van Oord’s TSHD GEOPOTES 15 dredging during a snowstorm in Baydaratskaya Bay Photo : Frank Heintzbergen © Port of Long Beach adds ‘free time’ for cargo to ease congestion The Port of Long Beach will add an extra three days to the time that overseas import containers can remain on the docks without charge, in order to grant some relief to cargo owners as the supply chain works to eliminate cargo delivery delays, the company said in its press release. Starting from Saturday, Oct. 18, and continuing through Friday, Oct. 31, the “free” time been extended from four to seven business days. Cargo owners typically work to have their imported cargo containers picked up within free time or face “demurrage” or storage fees. The Port cannot waive demurrage retroactively. A number of factors have combined to back up cargo at the local port complex in recent weeks: an upswing in cargo shipments arriving for the holiday shopping season, the arrival of larger ships that can carry 50 percent more cargo and a shortage of truck chassis to haul containers.As additional cargo flows through the Port, helping to sustain jobs both locally and throughout the country, the Port of Long Beach is doing what it can to help terminal operators ease congestion and move cargo through the Port efficiently.“The terminal congestion is very unfortunate, and a truly exceptional occurrence, so I am using my authority to waive demurrage fees through the end of the month,” said Jon Slangerup, Port of Long Beach Chief Executive. Source : PortNews

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see also : https://www.youtube.com/watch?v=1R4Hb0S7Ikc#t=101

The SAPURA ONIX fitting out at the IHC-Merwede in Krimpen aan de Ijssel Photo : Charles van der Kooij ©

2014 Kiel cruise shipping season ends This year’s cruise shipping season in Kiel closes on the evening of October 18th when the “AIDAcara” sets sail for the Canary Islands, the company said in its press release. Dr Dirk Claus, the Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co KG), said “we can look back on a season full of highlights and one which has also been marked by the inauguration of our fifth terminal berth for cruise ships”. The new passenger pavilion at the Berth 1 cruise shipping facility in the Ostuferhafen was officially inaugurated at the start of June when the 114,000 GT, 290 m long “Costa Pacifica” berthed there. At the same time two further big cruise ships – the 265 m long, 77,000 GT “Mein Schiff 1” and the 285 m long, 86,000 GT “Eurodam” – berthed at the Ostseekai Terminal. The Norwegenkai and the Schwedenkai passenger terminals are also able to handle ships of up to 200 m in length. A new attraction at the Ostseekai Terminal is the “Seafarers’ Lounge” run by the German Missions to Seamen. It was opened in July and is exclusively available for the crews of ships calling at Kiel. Overall, 25 individual cruise ships called at Kiel a total of 127 times this year, compared to 128 calls in 2013. Utilising the terminal facilities to embark or disembark were 354,000 cruise ship passengers. The most frequent visitors were passengers aboard the ships of cruise shipping companies AIDA, Costa, MSC and TUI Cruises, which called at Kiel a total of 75 times. In addition, Kiel was once again the base port for nearly all the German market cruise shipping companies as well as a port of call for international shipping companies offering day trips ashore, such as Holland American Lines. Highlights of the season included the introduction of TUI Cruises’ newbuilding “Mein Schiff 3” and the first call by Hapag Lloyd Cruises’ “Europa 2”. During the Kieler Woche sailing regatta the port saw no fewer than sixteen visits by cruise ships. Among them was Fred Olsen’s “Braemar” as well as first-time visitor “Adonia” from P & O Cruises, which could be admired along with “Sea Cloud 2” when both joined the big windjammer parade on the Kiel Fiord.“The new cruise shipping Berth 1 has already been tried, tested and well received”, said Dirk Claus. “In the coming year 17 calls are already planned for the facility”, he added. Even if the overall number of calls in 2015 remains the same as this year, which appears likely, the average size of visiting ships is clearly rising. The total tonnage of cruise ships calling at Kiel in 2015 will increase to more than 8.1 million GT. That’s a rise of 14%. For the first time Kiel will welcome two ships from AIDA Cruises - “AIDAcara” and “AIDAluna” - for regular passenger exchange. Highlight of the coming season will be the inauguration of the latest newbuilding to join TUI Cruises: “Mein Schiff 4” will be

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named at the Ostseekai on June 5th 2015. In addition, Cunard Line’s “Queen Elizabeth” will visit the Kiel Fiord for the first time - calling not just once but twice in the coming season. From an operational point of view, a lot of attention will be given to the four occasions next year on which a quartet of luxury cruise ships will berth at Kiel terminals at the same time – and that’s as well as regular ferries of Color Line, Stena Line and DFDS Seaways. Next season opens on April 4th 2015 when the “AIDAcara” arrives back in Kiel. Source : PortNews

Vietnam Gets Ready to Build Shipbreaking Industry The Vietnamese government is introducing a law that is aimed at building the country’s shipbreaking industry amid claims that it will create serious environmental issues. The revised Law on Environmental Protection is due to take effect on January 1, 2015 and it will allow the import of ships intended for demolition.According to VNS, Duong Thanh An, director of the Department of Policy and Legal Affairs of the Viet Nam Environmental Administration, has stipulated that importers will be required to prepare an application package that includes an environmental protection dossier. The dossier includes a declaration of the actual state of the ship, a written commitment to abide by environmental standards and a copy of the ship yard’s certificate of satisfaction of environmental protection conditions. “Environmental damage insurance is also a must,” An said.The country’s maritime administration has indicated that a ship recycling industry would generate high quality input for the local steel industry. In 2012, Vietnam imported around four million tons of scrap steel, mostly from China. Since 2012, the need for steel imports has reportedly increased by 2.5 million due to a number of new steel companies entering the market, says VNS. The maritime administration’s director Nguyen Nhat says the new law will boost the local economy and create new opportunities for the shipbuilding industry which is experiencing low activity levels at present. Do Thai Binh, a shipbuilding engineer from HCM City’s Marine Science and Technology University argues that the industry would be beneficial to the environment as it involves the re-use of over 95 percent of a ship. However, Binh stresses the importance of the law. “The regulations shouldn’t be only those on paper. Recycling enterprises should be inspected carefully to determine how best to deal with toxic waste from the ships,” he told VNS. Professor Pham Ngoc Dang, Vice President of the Viet Nam Association for Environment and Nature Protection, has warned about the threats of toxic wastes such as oil, asbestos and heavy metals like mercury, lead, copper, zinc, aluminium and iron.Deputy Minister of Transport, Nguyen Van Cong, said that businesses engaging in shipbreaking will have to satisfy all the legal conditions for capacity, experience and environmental protection. Source: Maritime Executive NETA set to explore new business NYK Energy Transport (Atlantic) (NETA), a London-based wholly owned subsidiary of Nippon Yusen Kaisha (NYK), is set to push ahead with exploration of new business. Its priority target will be arrangement of talks on the construction of LNG carrier newbuildings for its customers mainly in Europe. Hiroaki Nishiyama, managing director of NETA, told Kaiji Press (KP), "We will seek to build up long-term, stable profit which our LNG carrier segment is required to generate." He said NETA also has LNG fuel supply ships and offshore business projects on its agenda, adding that as the Atlantic outpost of the head office's Energy Transport Headquarters, it will try to structure its new revenue base.

NYK launched NYK LNG (Atlantic), a unit dedicated to LNG carriers, in London in 2002. The subsidiary began running its own business and undertaking ship management in 2005. Its name was changed to NETA in 2012. LNG carriers remain its core business, but it has branched on into the operation of MR-type product carriers. It changed its name so that it will work in closer collaboration with the head office's Energy Transport Headquarters. The headquarters evolves its business through better coordination among the group's LNG carrier, LPG carrier, tanker and offshore segments. In line with this policy, NETA has decided to explore the Atlantic market for overall energy transport. It posts its staff in Houston, Texas, and covers Europe, North America, Africa and Latin America from its London office. Its core LNG carrier business has been expanding its fleet scale. In 2007, it was associated with the operation of nine LNG carriers and managed eight others. The numbers have now increased to 18 and 13, respectively. In addition, three vessels are managed by Gas Ocean, a shipmanagement unit of GDF Suez, in which NETA has an equity stake. So, vessels directly or indirectly managed in London number 16. London is also one of the biggest outposts where NYK's LNG carriers are managed. Of the 16 vessels NETA manages in London, it owns the four which are deployed for Angola LNG Limited Besides LNG carriers, NETA undertakes the MR-type PC business. NYK Bulkship (Asia), the group's

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another wholly owned subsidiary based in Singapore, assumes the head office's functions related to MR-type PCs. NETA is in charge of the operation and chartering of vessels in the Atlantic. At present, it runs six units there. NETA also owns coal tar pitch tankers and bareboat charters some of them to NYK Bulkship (Atlantic). NETA has 34 employees. The number comes to 59 when 25 persons employed by its subsidiary NYK LNG Shipmanagement (UK) are counted. NETA itself has been increasing the number of its employees in recent years. Nishiyama said of this, "We have been reinforcing our staff to expand our business and to prepare for our future business expansion." On his firm's future investment policy, he said, "Apart from whether we will invest or our head office will invest, we can perform all the functions necessary for investment, such as marketing, composition of finances, accounting, legal work and ship management. We will explore new business opportunities by making full use of those functions." NETA's immediate target will be arrangement of talks on the construction of LNG carrier newbuildings mainly for its European customers. "We will seek to build up long-term, stable profit which our LNG carrier segment is required to generate," Nishiyama said. He added NETA also wants to undertake other new projects related to LNG fuel supply ships and offshore business. NYK has just announced the placement of an order for an LNG fuel supply ship. NETA was in charge of this scheme. Nishiyama went on to say, "While we will work harder to explore new business, that must be on condition that we ensure the safety of our existing business and the stability of our transport operation. We deal with LNG carriers equipped with various types of tanks and engines. We have accumulated knowledge and experiences through their safe and stable operation. By making full use of them, we want to enhance the reputation of our services and connect that to the exploration of new business chances." Source : Kaiji Press via Justus Schoemaker Dutch - Japanese Maritime Desk K.K. Ukraine: Customs Fines, A Renewed Caution The Association is grateful to its correspondents DIAS for their continued contribution to the Club's and its members' information on Ukraine and related developments.

Members will be aware of the challenging situation with respect to making successful customs declarations in Ukraine, and thereby avoiding otherwise very significant fines.The latest information received is that customs in the Nikolaev Sea Port have begun a very rigorous inspection campaign that has already led to vessels being subjected to significant fines.

A particular issue of concern is the sounding of the vessel's bunker tanks, which may see the customs officers conduct a full survey of all bunker and diesel oil on board the vessel during her inward clearance or immediately thereafter.

If the findings show that more fuel is on board than has been declared by the master or the chief engineer then a significant fine, amounting to tens of thousands of USD or more could be impose on the vessel, as well as a possible criminal prosecution for fuel smuggling.

Loss prevention advice

Members are referred to the Association's previous Loss Prevention Advisory 13 January 2014 and the Association would now like to advise further as follows.

Our correspondents believe that although most shipping agents in Ukraine do provide vessels with detailed arrival procedure advice in advance, it may be that the ship's master does not always fully appreciate the significance of having to comply very accurately and strictly with those requirements, especially when it comes to the details of the customs declaration.

The consequence of failing to give these matters the attention they require is likely to be a significant fine, which cannot usually be argued with at that time. A vessel will usually have to pay the full amount of the fine in to court before it is released and then the matter would have to go through the process of local legal action if the intention is to appeal the fine.

The only way this risk can be mitigated against is by adhering very closely to the shipping agent's advice, which should be detailed, and to prepare as comprehensive a pre-arrival customs declaration as possible, with close attention paid to the full quantity of all fuel and lubes on board.

Should a vessel not receive a detailed set of arrival instructions from the local shipping agent, find it is subjected to more than a cursory customs inspection, or otherwise be concerned about the call at a Ukrainian port, the master should not hesitate to contact the Association's local correspondents for immediate assistance. Source: Skuld

Nieuwe Marine Section van Curoil geopend

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WILLEMSTAD — Curoil heeft gistermiddag de nieuwe ‘Marine Section’ als onderdeel vande afdeling Bunkering geopend, om een aantal strategische doelen van hetoverheidsbedrijf te kunnen realiseren. Zo wil Curoil de beste leverancier worden van olieen energieproducten en diensten in het Caribisch gebied. De inauguratie vond plaats opde Motetwerf. Daarnaast wil het overheidsbedrijf de duurzame winst verhogen en de efficiëntie verbeteren.De internationale markt, waar bunkering deel van uitmaakt, is heel belangrijk voor Curoil,aangezien 55 procent van het jaarinkomen van het bedrijf afkomstig is van deze markt. Om concurrerend te zijn en de ontwikkelingen op de internationale markt aan te kunnen, is uitgebreide kennis van de markt, infrastructuur en geavanceerde logistiek van groot belang,aldus directeur Yamil Lasten tijdens de officiële opening gisteren. Met de nieuwe MarineSection, die bestaat uit de drie schepen Curoil I, Curoil II en Zeta I, en tevens een eigen bemanning die zich volledig wijdt aan de bunkering-werkzaamheden, kan Curoil optimaleservice garanderen. Ook deze schepen werden gisteren aan de pers en andere genodigden gepresenteerd. Bron : Amigoe Photo : John Smit © …. PHOTO OF THE DAY …..

The MORGENSTER during the Race of thé classics spotted west of IJmuiden Photo : FLYING FOCUS luchtfotografie www.flyingfocus.nl

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RECENTLY UPLOADED HIGH RESOLUTION PHOTOS : CLICK ON THE SHIPSNAME TO VIEW AND / OR DOWNLOAD THE PHOTO

Shipsname Type Photo Location Photo Date LEWEK AVIOR (SB BOW) PSV Singapore 03-10-2014 LEWEK AVIOR (SB STERN) PSV Singapore 03-10-2014 LEWEK AVIOR (PORT BOW) PSV Singapore 03-10-2014 LEWEK ROLLER (SB AFT) AHTS Singapore 03-10-2014 LEWEK ROLLER (SB FWD) AHTS Singapore 03-10-2014 VALLIANZ HOPE (PS) AHTS Singapore 03-10-2014

The above photos are free to download for your own collection just click on the right bottom on the arrow down symbol and click at Orignal Size the photo will be downloaded and you can save the photo in your files, if the photos are used for publication(s), please mention : Photo Piet Sinke – www.maasmondmaritime.com with the photo , thank you !

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