DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2016 – 086

Number 086 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Saturday 26-03-2016 News reports received from readers and Internet News articles copied from various news sites.

The Royal IHC built DMC 1850 for HUTA Marine seen during trials Photo : Ronald Verweel ©

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EVENTS, INCIDENTS & OPERATIONS

Moore Stephens reports new low in shipping confidence

The KANWAY GALAXY inbound for the Keppel Container terminal in Singapore Photo : Piet Sinke © CLICK at the photo ! Overall confidence levels in the shipping industry fell to a record low in the three months to February 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents in the markets in which they operate was 5.0 on a scale of 1 (low) to 10 (high). This compares to the 5.6 recorded in November 2015, and is the lowest rating in the life of the survey, which was launched in May 2008 with a confidence rating of 6.8.All main categories of respondent with the exception of brokers (up from 4.6 to 5.1) recorded a fall in confidence this time, most notably charterers (down from 5.5 to 3.9), which is the lowest confidence rating by any category of respondent in the history of the survey. Confidence on the part of owners and managers was also down, from 5.7 to 4.8 and from 5.8 to 5.5 respectively. Geographically, confidence was down in all major areas covered by the survey – in Asia from 6.0 to 4.4, in Europe from 5.4 to 5.1, and

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in North America from 5.7 to 4.7. A number of respondents continued to express concern about the level of overtonnaging, with one pointing out, “Newbuilding deliveries for 2016 will increase the total fleet by 10.5%, 7% of the current fleet is older than 20 years, and cargo volumes in 2015 were just 4.5% higher than in 2014, so the expected available fleet per metric ton of dry cargo available will be higher at the end of 2016 than it is now. As a result, there is no chance of freight levels improving.” Another respondent said, “As long as shipowners operate based on hope rather than on solid economics, there will always be booms and busts.” Particular concern was expressed about the state of the dry bulk market, with one respondent commenting, “No dry bulk business makes any remote sense. There are too many players, too many operators, and too many vessels chasing too few cargoes. Most fixtures are concluded merely to keep the banks happy in the belief that some tiny amount of cashflow is coming in.” Elsewhere it was noted, “Dry bulk is simply at the bottom of the bottom, and actually a little lower than that.”The need for accelerated demolition was also identified by a number of respondents, one of whom noted, “Scrapping activity is far from sufficient to compensate for incoming new tonnage.” Another observed, “Low scrapping prices provide little motivation for owners to demolish ships,” although another still said, “Increased scrapping may help achieve equilibrium in the dry bulk sector sooner rather than later.”

14-03-2016: The ANTONIE OLDENDORF seen anchored off Singapore Photo : Piet Sinke © CLICK at the photo !

Falling oil prices were also a recurring topic in responses to the survey. One respondent said, “Global bulk oil movements will be the key to conditions in the tanker market over the next 12 months. With storage facilities almost full to capacity, there will be nowhere to stock additional supplies unless global economies pick up and oil production is regulated.” Other respondents, meanwhile, saw some solace in soft oil prices, typified by the comment that, “The wet markets stand a better chance of remaining profitable on the back of weak crude oil prices.” Elsewhere, however, there was concern about the effect of falling oil prices on the offshore maritime sector, with one respondent noting, “There are companies in the offshore shipping market which are under pressure and in potential danger of being shut down.” The likelihood of respondents making a major investment or significant development over the next 12 months was down on the previous survey, on a scale of 1 to 10, from 5.2 to 4.8, which equals the figure recorded in February 2009 as the lowest in the life of the survey to date. Owners, managers and brokers were less confident in this regard than they were three months ago, but the confidence of charterers was up, from 4.8 to 5.1. One respondent said, “We are paying for excessive investments over the past five years by speculative funds that would win an Oscar for the quickest/largest destruction of capital in the shipping world.” Another said, “Weak demand is undermining confidence and investment.” The number of respondents who expected finance costs to increase over the next 12 months was down by five percentage points on last time, to 42%. The number of charterers anticipating dearer finance fell by 11 percentage points to 56%, but the number of owners of like mind rose by one percentage point to 36%. The number of brokers expecting a rise in finance costs, meanwhile, fell from 75% to 36%. One respondent said, “Millions of dollars are lost each day by owners, and soon will be by bankers. We are navigating very risky waters.” Another noted, “There is no future in this industry unless all sectors, including financiers, take a more in-depth approach.”

Demand trends, competition and tonnage supply featured as the top three factors cited by respondents as those likely to influence performance most significantly over the coming 12 months. Demand trends, which were up by two percentage points to 26%, remained in first place, with competition (unchanged at 21%) in second place. Tonnage supply, at 15%, occupied third place, one percentage point ahead of finance costs. Operating costs, up by six percentage points to 12%, featured in fifth place, ahead of fuel costs and regulation at 4%, the latter representing a

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five percentage-point drop on the figures for November 2015. One respondent said, “Demand has let us down at the most inopportune moment possible,” while another predicted, “Competition will remain fierce and only by aggressive marketing will we achieve growth.”

There was a 16 percentage-point increase in the number of respondents anticipating lower freight rates in the tanker markets. But there was a small increase in the number of respondents anticipating higher rates in the dry bulk and container ship sectors, compared to the figures for November 2015. The net sentiment in the tanker market was -23, but +22 and +8 in the dry bulk and container ship sectors respectively.

“Tankers should be able to benefit in 2016 from the lack of market consensus over oil price movements, with longer- term decisions delayed as operators search for direction,” noted one respondent, while another commented, “Dry bulk provides opportunities for investment only for cash-rich owners who can afford to lose in the near term.” In the container ship sector, meanwhile, the point was made that, “Sometimes it seems that container ship operators are guided more by market share considerations than by sound economics. Respondents were asked a stand-alone question concerning the level which they expected crude oil prices to be at in 12 months’ time. 31% predicted that the price would be between $30 and $39, while 26% put the figure at between $40 and $49. 10% of respondents thought the price would fall between $20 and $29. One respondent said, “It would be no surprise if crude tops $50 in the next 12 months, but anything significantly above that is unlikely.” Richard Greiner, Moore Stephens Partner, Shipping Industry Group, says: “Shipping continued along its volatile course in the three months to end-February 2016, with the confidence of industry participants reaching the lowest level since our survey was launched in May 2008. This is disappointing and unsurprising in equal measure.“When the Baltic Dry Index drops to an all-time low it is a real indication of the problems facing the shipping industry. The BDI doesn’t lie, and any doubts about the extent of those problems would have been dispelled over the past three months when reports of the fall in the BDI started to appear in the mass media, which generally carries only bad news insofar as it impacts the shipping industry. “Most recently, however, there is better news, with the BDI starting to move upwards once more, gaining over 100 points within six weeks of plumbing the depths. Moreover, there is a reasonable expectation that the approaching peak harvest season will bolster demand for ships to carry grain and other commodities on international trade routes. This should boost the BDI further and, while shrinking demand for raw materials from China will continue to have an effect, the world will always need shipping to move its trade staples.“Overcapacity in any industry will inevitably lead to price-cutting and eventually to financial difficulties for the weakest, the least well-prepared, or sometimes simply the unluckiest. Shipping has had its share of bankruptcies, foreclosures and restructurings during the past few years, and it is likely that we will see more over the coming months, with negotiations doubtless enlivened by the fact that shipping’s purse-strings today are often controlled by an intriguing mix of private equity and traditional shipping finance. “The simple answer to overcapacity is to reduce the numbers, but ships are too big to hide and disposing of excess units is more difficult in shipping than in most other industries, particularly when there are record numbers of new cabs just waiting to come off the rank. Increased ship recycling is one obvious answer, although current low scrap prices mean that fewer numbers of most tonnage types are being recycled. “In a climate of continuing overcapacity, increased regulation, ongoing political unrest and economic instability, the shipping industry must find a way to supplement the bread-and-butter of its livelihood – the freight markets. Current indications are not good. The tanker industry may still be reaping a somewhat perverse benefit from low crude oil prices, but that window of opportunity may be starting to show the first signs of closing. Roughly a quarter of respondents to our survey predicted that crude prices would be between $40 and $49 in 12 months’ time which, whilst it would have bought you only just under half a barrel less than two years ago, is more in line with the current price level.

“The dry bulk sector, meanwhile, looks especially troubled, with one respondent to our survey claiming that new historic lows in dry bulk freight rates are being set every day. Reports suggest, however, that more and younger dry bulk vessels are being recycled in spite of weak demolition rates, and contrary to the trend with other categories of tonnage.“In any industry, the price of a service or product must exceed the cost of providing that service or product in order to achieve a return on investment. In shipping, that is simply not happening at present. Operating costs are going up while freight rates generally are not even keeping pace. Nobody doubts the ability of shipping to bounce back. It has a long history of doing just that. This time, the only question is when.”

Moore Stephens LLP is noted for a number of industry specialisations and is widely acknowledged as a leading shipping, offshore maritime and insurance adviser. Moore Stephens LLP is a member firm of Moore Stephens International Limited, one of the world's leading accounting and consulting associations, with 657 offices of independent member firms in 106 countries, employing 27,613 people and generating revenues in 2015 of $2.7 billion. www.moorestephens.co.uk

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Princess cruises 77.441 GRT 261 mtr long SUN PRINCESS seen outbound from Fremantle last Thursday evening SUN PRINCESS is a Sun-class cruise ship built in 1995 and operated by Princess Cruises. At the time of her construction, she was one of the largest cruise ships in the world. She is the lead ship of her class that includes sister ships DAWN PRINCESS, SEA PRINCESS and the P&O ship, OCEANA SUN PRINCESS was the ship on which the television show The Love Boat: The Next Wave starring Robert Urich was filmed. She made the news in October, 2007 as the largest ship to ever cross beneath the Sydney Harbour Bridge while entering the harbor for the first time, with a vertical clearance of approximately 2.5 m (8 ft 2 in) to spare at low tide Photo : Piet Sinke © CLICK at the photo and hyperlinks in the text ! INTERMANAGER PLACES HUMAN ELEMENT AT

TOP OF THE AGENDA AT CMA The international ship managers’ body, InterManager, has reaffirmed its support for the welfare of seafarers, described as the “heart and soul” of shipping, at The Connecticut Maritime Association’s Shipping 2016 Conference.Moderating the morning session on Wednesday, entitled ‘How can crews stay connected?’, Gerardo Borromeo, President of InterManager heard from impassioned maritime stakeholders on how access to a good Internet connection has become a major concern of crews and, more widely, the shipping community. The panel discussed the impact of poor connectivity on the recruitment of new crew members and also on all areas of communication and ship operation.Speaking of the wider human element, Mr Borromeo said: “Attracting a new generation of seafarers and retaining them means we have to become more connected; allowing them to connect with family and friends back home. Without good Internet, we could lose some of the brightest, best seafarers we have ever seen.”Continuing its commitment to the human element of the industry, InterManager Vice-President George Hoyt moderated an afternoon session on fatigue; an issue InterManager continues to fight tirelessly to raise awareness of. Mr Hoyt spoke of the importance of the human element during his moderation and said: “The human element is crucial to successful ship management and we must ensure we work together as an industry to raise standards and to encourage good staff – the best and the brightest – to enter and stay in shipping.”

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After dry-docking, now testing and getting ready for next offshore assignment, Boskalis trailing suction hopper dredge SHOALWAY. Photo : Dirk van Uitert © Minerva Marine Turns to BMT for Vessel Performance Monitoring BMT SMART (BMT), the specialist fleet and vessel performance management company of BMT Group, has announced the successful installation of its vessel performance monitoring system on board two of Minerva Marine’s chemical tankers, MINERVA LEO and MINERVA TYCHI. For the most accurate Performance Management, the BMT SMART system combines data collected automatically on-board, from the navigation and automation systems, with data only available on shore, such as accurate Hindcast Metocean data. Through BMT’s web-based SMARTFLEET application the Minerva Marine team can assess and gain insight into the factors impacting the vessels’ performance. The system also allows shore based personnel to make decisions as to when intervention may be required to help restore performance. Maria Tsobanoglou, New Buildings and S&P Senior Engineer at Minerva Marine Inc. comments: “BMT has been able to offer a comprehensive package that can fully support our efforts to monitor daily operational costs and optimise fleet performance. The hardware seamlessly integrates with different on-board automation systems, synchronising easily with the on-board database. BMT provides flexibility in data display and analysis, with trends and live feedback, making it easier for us to manage our maintenance strategies and quantify the results of an energy saving solution, or calculate the payback period of a particular investment. By helping to enhance our performance profile, BMT’s system provides us with a competitive advantage in the chartering market.” Simon Hayes, Technical Sales Consultant at BMT SMART explains: “We have worked closely with the team at Minerva Marine to ensure the system is fit for purpose, providing recommendations on the system configurations and delivering a solution that helps to optimise and manage vessel performance. BMT has further strengthened its relationship with Minerva with an additional order for its Shaft Power Torque Meter and Vessel Performance Monitoring Systems for two new Suezmax tankers, MINERVA KALYSPO and MINERVA EVROPI.

The CELESTYAL OLYMPIA moored in Port of Heraklion (Crete). Photo : Maarten Versluijs ©

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SDRL - Announces contract extension for West Tellus Seadrill Limited has been awarded an 18 month contract extension for the drillship West Tellus by Petroleo Brasileiro SA ("Petrobras"), commencing in April 2018 and securing work for the unit through the end of October 2019. The total backlog for the contract extension is approximately $164 million.As part of the agreement to extend the West Tellus, the Company has agreed to a dayrate reduction on the current contract effective from February 26th, 2016, resulting in a $132 million reduction in backlog.The net effect of this agreement is a $32 million increase in backlog.This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.Source ; Offshore news

Bulker GRAIG CARDIFF is leaving the Tatasteel IJmuiden harbour for Diliskelesi (TR) Photo: Patrick Deenik © Newbuilding prices start retreating on low demand Newbuildings’ prices have started to come down, as demand has remained subdued for quite some time now. In its latest weekly report, shipbroker Allied Shipbroking noted that “with the shortage of new orders continuing and another week of less then a handful of new tonnage reported to be ordered, prices have finally started to take a notable hit. What is more noteworthy, is that the recent drops in prices quoted by shipbuilders come at a point when commodity prices have started to show signs of picking up, although only slightly and with minimal evidence of sustaining an upward trajectory over the coming months. The drought in newbuilding orders has been long and continues to squeeze shipbuilders more and more, while the drop in price is part of an extensive effort to jump start the market, in order to be able to support these prices shipbuilders have to continually squeeze out every unnecessary cost while improving their efficiency and productivity to the max. It is somewhat doubtful that these price drops will be enough to generate sufficient interest from the side of buyers, as the squeeze in earnings in the dry bulk and containership sectors leaves few interest buyers there, while the oil tanker and gas carrier sectors are plagued with uncertainty”. Meanwhile, in a separate newbuilding report, Clarkson Platou Hellas noted that “in tankers, HHI have received an order from Arab Maritime Petroleum Transport Co. (AMPTC) for two firm 158,000 DWT coated Suezmax for delivery within end 2017 from the yard’s Samho facility. These will be the 3rd and 4th vessels in the series, following the original order in January 2015. Yeunsoo Heavy Industry (Korea) is reported to have signed contracts with Woolim Shipping for three firm 6,600 DWT IMO-2 Chemical Tankers. The trio are set to deliver throughout 2017 and 2018. In other sectors, Uljanik have announced signing contracts for two firm 5,500 lm ROROs with CLdN Cobelfret N.V. The firm units are due for delivery within 2018 – with the buyer understood to hold options for further vessels. Crystal Cruises have announced an order at Lloyd Werft for one 25,000 GT Cruise Ship, the ‘Crystal Endeavor’. Set for delivery in August 2018, the Ice class PC6 vessel will have capacity to carry 200 passengers and be fitted with dynamic positioning technology”.In the S&P market, Allied Shipbroking said that “on the dry bulk side, good level of activity with slight softening still noted on the more modern units, something that is likely to continue for the time being as the drop in newbuilding prices will surely have and underlining effect here too. On the other end of the spectrum we have noted a slight improvement in price levels in the older aged tonnage as the increase in scrap steel prices has in turn meant an increase in the residual value of these assets, something that gives a higher residual value and prompts for an excess of this when the sale is made on further trading basis. On the tanker side, it was a relatively quiet week with

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lacking buyer interest causing a shortage of concluded deals, while seller’s price ideas are still considered too high given the forward sentiment of the freight market. The only segments which are a slight exception to the rule are Aframaxes and LRs which have been holding fairly hot”.Finally, in the demolition market, Allied said that it was “another week of increases, with the increases noted in the commodities markets surely playing their part, while the improved confidence was also met by a stronger resistance by shipowners to take up the lower prices that were being offered one week back. As such the rise was quick and by early Friday offers were circulating with a more then US$ 10/ldt increase compared to what was seen one week prior. For the moment it looks as though these levels will be able to hold and the positive momentum could continue for a little while longer, though hesitance from the end buyers side has started to show face, with many possibly fearing of offering too high too soon and overshooting what the market can sustain for the time being. It looks as though the hard taught lessons of last summer are still in the memory of most and no one is willing to undergo a repeat of the past”, the shipbroker concluded. Source : Nikos Roussanoglou, Hellenic Shipping News Worldwide

Boskalis NDURANCE outbound from Rotterdam – Photo : Henk van der Heijden © Drewry: Consolidation in the liner industry Container shipping remains remarkably fragmented, with the top five operators accounting for less than half the global market. This presents considerable opportunity for further consolidation. Until recently, the industry had experienced a 10-year lull of M&A activity following a flurry of takeovers in the early 2000s. Yet in the past 12 months four major deals have taken place involving several major shipping lines which have led people to question whether this presages a new trend of further industry consolidation. The financial pressure on industry players, and in particular on weaker carriers, is intensifying daily as rates plumb new depths. Consolidation may be a route to survival for some, allowing lines to combine to create scale and to realise synergies. As stronger carriers have shown, however, it is not the only

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route to scale. Both Maersk and Hapag-Lloyd have used acquisition as an engine of growth, whereas MSC has relied entirely on organic growth and prior to its acquisition of APL, CMA-CGM had complemented organic growth with a number of small acquisitions. The benefit to the industry as a whole is considerably greater if lines pursue growth through acquisition rather than continuing to build new and larger tonnage, which the industry does not need. On the other hand, consolidation as a strategy for individual shipping lines entails considerable risk that the targeted benefits will not be achieved. Much depends on how effectively the task of consolidating the two businesses is managed. Drewry identifies several key learning points for any shipping line considering consolidation with another carrier: Consolidation between two container shipping lines should achieve cost savings, through delivering synergies and longer term strategic advantageConsolidation yields greater benefit if the geographical footprint of the two companies is complementary, rather than resulting in additional volumes in the same tradesThe main cost savings come from economies of scale benefits as well as opportunities for smarter operations with increased volumes – e.g. improved network utilisation and lower container and imbalance costs While additional volumes can support employment of larger vessels, in many cases scale benefits in ship systems are already being achieved through Alliance membershipA key objective during any consolidation must be to retain the customers of the two lines – loss of volumes or market share can cancel out the cost benefits obtained The challenge of merging two organisations with potentially different cultures and management styles should not be underestimated There will be significant one-off costs associated with combining the two businessesPlanning and execution of mergers requires careful project management which can stretch resources – external expertise can alleviate this by providing additional skill setsPeople are critical to the transformation process and without a fully committed team there is a risk of customer attrition and project delay. It is essential to motivate both those chosen to remain in the future business together with those who are only needed through the transition phaseCommunication with all involved parties, including staff, customers, suppliers and partners, is vital throughout the process.Consolidation in the liner industry White paper Source: Drewry

The LNG tanker EXCELERATE seen arriving in Cape Town photo : Ian Shiffman ©

Boxship Deployment Trends: New Locations Are Key Three years ago the majority of containerships sized 8-12,000 TEU were deployed on the Asia-Europe route. In the period since, this sector of the fleet has expanded considerably, whilst also diversifying in deployment, and these ships are now viewed as the future ‘workhorses’ of container trade. In addition, the sector’s recent deployment trends have

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represented a key aspect of active supply management.The 8-12,000 TEU sector of the boxship fleet numbered 539 vessels of a total 4.8m TEU at the start of March 2016. This represents around 25% of overall fleet capacity. Investment into the sector has been significant in recent years, motivated by the economies of scale and potential flexibility in deployment of these relatively large vessels. The focus on investment into the very large boxship sizes, particularly into the 12,000+ TEU size range, has increasingly motivated the deployment of 8-12,000 TEU vessels beyond the traditional Asia-Europe option and onto the Transpacific, and increasingly, larger non-mainlane routes. The Sector Spreads Its Wings In March 2013, one fifth of containerships sized 8-12,000 TEU were deployed on Transpacific services. This share has increased to one third, or 166 ships, by March 2016. Meanwhile, the number accounted for by the North-South and non-mainlane routes rose dramatically from 43 to 213 ships in this period. The firm pace of deliveries into the 8- 12,000 TEU sector partly explains these trends: the fleet grew by 50% in vessel terms between March 2013 and March 2016. But these trends have also been driven by ‘cascading’: as very large vessels have been delivered, and upsizing on the Asia-Europe route has advanced, relatively smaller ships have been redeployed elsewhere, chiefly the Transpacific trade but also large North-South and non-mainlane East-West routes. As a result the share of the sector servicing the Asia-Europe route fell from 66% in March 2013 to 22%, or 108 ships, in March 2016.

The CMA CGM LAPIS arriving in Cape Town Photo : Ian Shiffman © The ‘Cascade’ Intensifies A lack of trade growth led to an acceleration in the ‘cascade’ off the Asia-Europe route in 2015. Non-mainlane trade growth also slowed last year, limiting redeployment opportunities. In the 12 months to March 2016, the number of 8- 12,000 TEU ships deployed on the Asia-Europe route fell by 54, whilst deliveries into the sector totalled 69. However, deployment elsewhere only rose by 86 ships, giving rise to a 30-40 ship ‘surplus’ in this period. This eroded Post- Panamax charter rates in 2H 2015, with the guideline three year rate for a 9,000 TEU ship down 30% y-o-y by end February 2016. Finding New Homes? With deliveries of very large boxships set to remain firm this year, more ‘cascading’ off of the Asia-Europe route looks likely, which would maintain surplus capacity pressure. Redeploying these 8-12,000 TEU ships will become more challenging if Transpacific services upsize to very large ships, as CMA-CGM plans to do in May. In the short-term, the degree to which key non-mainlanes can absorb surplus capacity will be largely determined by trade growth on these routes. However, in the long-term this sector remains on course to assume a wide role in the global transportation of boxes. Source: Clarksons Spinnaker Global and IMarEST to support maritime engineers in Asia Pacific Featured Spinnaker Global and IMarEST to support maritime engineers in Asia Pacific Spinnaker Global and the Institute of Marine Engineering, Science and Technology (IMarEST) have today announced a partnership to support the professional development of engineers working in the maritime sector within Asia Pacific.

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The partnership will see Spinnaker Global candidates able to obtain a 12-month trial membership to the IMarEST, enabling them to work towards a professional qualification, such as becoming Chartered, to support their professional development and demonstrate international credibility.The initiative is to support the recognition and development of the industry and is open to all Spinnaker Global candidates. “Recognising the quality of engineers and technical staff in the maritime sector is important, and a partnership with the IMarEST enables us to support the professional development of our global candidates. With a number of initiatives around the world such as the Skills Future in Singapore and the recent Department for Transport Maritime Growth Study in the UK both focusing on the skills agenda, this is a perfect time to demonstrate our support for the industry as a whole.” Teresa Peacock, MD, Spinnaker GlobalBenefits for Spinnaker Global clients include accessing technical forums and meetings, technical journals, access to a vast maritime online library, using current academic qualifications and experience to gain an internationally recognised qualification (such as becoming Chartered) as well as receiving the monthly Marine Professional publication and accessing the IMarEST global network of technical lectures via IMarEST TV.“With the attraction, retention and development of competent professionals being a key driving force in the sector, this partnership with Spinnaker demonstrates both organisations’ commitment to sustaining and developing the sectors skills-sets for the benefit of the industry as a whole.” David Kelly, Director of Asia Pacific for the IMarEST Source; imarest

Point approach for the future of the industry in Rotterdam A joint approach is necessary to safeguard the future of the refinery, chemical and energy cluster in Rotterdam and Moerdijk. This industry is important to the Dutch economy, but is under pressure. An action plan, written under the guidance of Rein Willems, former CEO of Shell Netherlands, therefore proposes a scheme to optimise the existing industrial activities and to further modernise the industry cluster. Due to the complexity and urgency of this matter, it has been proposed to appoint a cluster supervisory director who will coordinate and drive this action plan.

Henk Kamp, Minister of Economic Affairs, welcomes the action plan: “The industry cluster in Rotterdam and Moerdijk is of great importance to the Dutch economy. This cluster is quite rightly focussing on the future with this action plan. By making more efficient use of raw materials and energy, by supplying the region with CO2 and heat and by investing in technical innovations, the chemical industry will retain its international competitive position and industrial activities will remain in the region.”

Allard Castelein, CEO of the Port of Rotterdam Authority: “The industry cluster in Rotterdam and Moerdijk provides 54,000 jobs and an added value of 10.5 billion euros, but is under great pressure internationally. For this reason, we would like to get to work on this action plan, together with the companies, the Ministry of Economic Affairs and Moerdijk.”

The action plan, written at the request of the Ministry of Economic Affairs and the Port of Rotterdam Authority, indicates how the industry cluster can use its favourable position to cope with challenges such as the low price of raw materials and energy elsewhere in the world and the sustained decrease in demand for oil products in Europe. This must occur within the context of a transition to a low-CO2 economy. The underlying principle is that the industry cluster in Rotterdam and Moerdijk must still be at the forefront in Europe in 2030. For this reason, the action plan is focussing on two paths: the strengthening of the competitiveness of existing companies and a modernisation plan focussing on the use of biomass, recycling, renewable electricity and technological innovations.

The Ministry of Economic Affairs, the Port of Rotterdam Authority and the Moerdijk Port Authority will remain involved in the implementation of the action plan ‘Working together on a cluster in transition’. The plans have already been developed to a large extent, but never before has the sense of urgency among companies and stakeholders been so widely felt.

The report specifies three plans of action to optimise the existing cluster: 1) The strengthening of the chlorine cluster in Rotterdam through chain integration. 2) The pooling of non-core activities. Through the joint exchange and processing of, for example, steam, waste water and silt, production costs and emissions will decrease. 3) The supply of valuable residues to the region. This mainly involves the use of residual heat and/or CO2 for the greenhouse farming and built environment sectors.

The report specifies two plans of action for the modernisation of the industry:

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1) The use of new raw materials and recycling. The biggest challenge for Rotterdam will be to develop a bio-based cluster on the basis of bio-refining, where the second generation biomass supplied is transformed into glucose, ethanol and lignin. 2) The worldwide search for innovations that are relevant to the industry cluster, the application of new technologies and research into the opportunities for accelerating the transition.

The report specifies two plans of action for both the strengthening of the existing industry as well as the modernisation of the cluster: 1) The removal of tangible obstacles. For example, by deepening the Nieuwe Waterweg, by removing as far as possible uncertainty regarding NOx-emissions and a balanced attribution of emission allowances for CO2 with regard to supply to third parties. 2) The appointment of a cluster Supervisory Director. This director must act as a driver for the specified plans of action and, together with the cluster, draw up a policy agenda for the energy transition. According to the action plan, a budget of 2 million euros per year will be necessary for this. Source; Offshore News

Garnalenkotter ZK23 assistentie richting Lauwersoog

Op dinsdag 22 maart verzoekt een garnalenkotter om assistentie. De kotter heeft hydroliek problemen gekregen en bevind zich ten noorden van Ameland, boven de Ballumer Blinkert. Na overleg met de reddingboot van Schiermonnikoog, de KONING WILLEM I, stoomt de ANNA MARGARETHA op nadat ze eerst een verpleegkundige terug gebracht hebben in de Ballumerbocht op Ameland. De ANNA MARGARETHA neemt de garnalenkotter opsleep

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richting verkenner Westgat Schiermonnikoog en dat de KONING WILLEM I van Schiermonnikoog de kotter daar overneemt en naar binnen brengt op Lauwersoog.Om 14.30 uur vaart KNRM Ameland langszij de onfortuinlijke viskotter welke nog doende was zijn netten binnenboord te halen. Na ongeveer 2,5 uur varen treffen zij de Koning Willem I welke de sleep verder richting Lauwersoog overneemt. Bron : KNRM

Two evolutionary Carrousel RAVE Tugs with Voith Schneider Propellers under construction • Risk of capsizing under tow load eliminated • Unique maneuverability • Highly efficient braking and steering operations In cooperation with R. Allan Ltd. (RAL) and Novatug B.V., Voith participated in the development of a new tug. The Carrousel RAVE Tug (CRT) is characterized by a towing winch on a ring. This ring can rotate freely around the tug's deckhouse – a unit referred to as the "Carrousel Towing System". This system eliminates the risk of capsizing under a tow load. In combination with two Voith Schneider Propellers (VSPs) arranged in- line, the tug design allows for a slender and highly efficient hull. New and previously unseen levels of tug operation safety and efficiency will be reached with this evolutionary concept. The first two Carrousel RAVE Tugs are currently under construction for Novatug B.V., a subsidiary of Multraship Towage & Salvage.

Braking and steering operations can be performed highly efficiently with the new tugs. Utilization of the hull forces rather than the propulsor forces results in lower fuel consumption and fewer emissions. The CRT can carry out maneuvers not been seen before with any other tugboat concept. During these maneuvers, the yaw angles of the tug are virtually limitless. The VSPs were chosen for their precise thrust control, quick response and insensitivity to variations in inflow direction. Arranged in-line, the VSPs allow very smooth and precise control of the tug heading under all possible operating conditions. The towline force can continuously be controlled safely and precisely via the VSPs.

With the help of Computational Fluid Dynamics (CFD), the Voith ship simulator and model testing, extensive optimization work has been performed on the design to determine the optimum position of the propellers relative to the carrousel system as well as the optimum size and position of the skeg. The result is a very well balanced tug that is stable and easy to handle in all sea and weather conditions. The VSPs are controlled via a fully redundant Voith electronic joystick control system.

In November 2015, Damen Shipyards Group began construction of the tugs through their subsidiary Van der Velden Barkemeyer GmbH. Delivery is scheduled for the first quarter of 2017. The CRTs are 32 meters in length overall and have a maximum operational draught of 6.30 meters. Propulsion is via two 32RV5 EC/250 Voith Schneider Propellers in combination with 1150 DTL Voith Turbo Couplings, Renk gear couplings and two ABC main engines delivering 2,650 kW at 1,000 rpm. The slender hull shape of the CRTs and the controllable pitch propeller characteristic of the VSPs allow a free running speed of 14 knots. The bollard pull will be 70 tons. Irrespective of the compact size of the CRTs, the steering forces reach an impressive 160 t at 10 knots.

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The NCC QASSIM is seen downbound on the Western Scheldt river near the Griete on the 13th of March 2016. Photo : Chris Rombouts ©

Pioneer Marine Inc. announces cancellation of five newbuildings Pioneer Marine Inc. a leading shipowner and global drybulk handysize transportation service provider announced the following developments regarding its newbuilding program:

(1) Termination of five (5) newbuilding contracts for Green Dolphin 38,400 dwt Handysize vessels following mutual agreement with Yangzhou Guoyu Shipyard. The instalments paid in relation with these contracts including interest will be paid back by the refund guarantor.

(2) Delays in the current delivery schedule with one (1) vessel now scheduled to be delivered in Q3 2016 and the last vessel in the newbuilding program to be delivered in Q1 2017.

The Company’s CEO, Pankaj Khanna, further elaborated by stating “The unprecedented downturn in drybulk freight rates has prompted us to cancel another five of our newbuilding contracts at Guoyu Shipyard. This cancellation was achieved amicably through mutual consent in a negotiated settlement with the shipyard. The cancellation frees up $30 million in cash immediately, to add to our existing cash balance of $57 million as of the end of February 2016. In addition we have $24 million in pre-paid instalments for the last two newbuildings. To put it simply we have $111 million of cash with two newbuildings to be delivered in the next ten months.

“We have proactively created a long runway for the company even assuming todays very low freight rates, reduced our capital expenditure commitments and have worked in the last few months to trim our costs significantly. Post the

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cancellation we now have 15 vessels on the water and only two newbuildings, which have been financed with 60% debt with Sinosure cover. Pioneer is now in a strong position to take advantage of the distress in the drybulk market either from direct asset purchases, bank deals or a M&A transaction.

“The Company also announced the resignation of Erol Sarikaya, one of Garrison Investment Group’s representatives on the Pioneer Board of Directors. Mr Sarikaya is leaving Garrison to pursue other shipping related interests. Mr Gregg Chiota, the Head of the Financial Assets Group within Garrison will be replacing Erol on the Board.

“We thank Mr Sarikaya for his energy and contribution to the Company’s development for the last two and a half years and wish him well in his next venture.”Pioneer Marine Inc. is a leading shipowner and global drybulk handysize transportation service provider. Pioneer Marine owns fourteen Handysize and one Handymax drybulk carriers with an additional 2 Handysize newbuildings on order for delivery through 2016 and 2017. The Handysize Green Dolphins newbuildings are ‘Eco’ vessels. For more information, please visit : http://pioneermarine.com Damaged bulker completes river transit The 54,881 dwt Panamanian flagged bulk carrier SPARNA is now awaiting repairs pierside in North Kalama, WA, after briefly grounding near river marker 36 in Oregon on Monday morning. The 623 ft SPARNA is owned by Japan's Santoku Senpaku Co Ltd and was fully loaded with grain in its cargo holds, and carrying 218,380 gallons of high sulfur fuel and 39,380 gallons of marine diesel. A damage assessment was submitted to the Coast Guard by Ballard Marine Construction early Tuesday morning. Shared with both Washington and Oregon state responders, the assessment showed that the ship had sustained multiple fractures, the largest being a 25-foot by 5-foot wide fracture with a visible boulder lodged inside. The damage to was contained to two flooded compartments.

CLICK HERE TO VIEW THE MOVIE A Unified Command consisting of the Coast Guard, operators of the motor vessel SPARNA, Columbia River Pilots and the National Response Corporation Environmental Services decided that the vessel should be moved up river and oversaw the safe transit. It was made with the assistance of two tugs and a Coast Guard safety zone escort. As a precaution, the SPARNA was followed by a NRC vessel with pollution response capabilities. The vessel's fuel tanks remained intact throughout the incident."The main objectives during the transit was to maintain the safety of the Sparna crew, maintain a safe navigational channel throughout the transit and respond as necessary to environmental concerns," said Cmdr. Jonathan Hellberg, USCG, incident commander. "The successful transit was a unified team effort, and we are very pleased with the outcome."A 100-yard safety zone surrounding the motor vessel Sparna was put in place by the captain of the port throughout the transit. After the safe transit upriver the captain of the port lifted the safety zone and the Columbia River is now open to all traffic. Source: marinelog. Lifeboat cover back at St Abbs by mid-summer The order for a new lifeboat for St Abbs was placed last week and it should arrive in the harbour by mid-summer. St Abbs has been without its own lifeboat since September last year when the Royal National Lifeboat Institution (RNLI) decided to close the lifeboat station and provide cover for the area, popular with divers, from Eyemouth. St Abbs residents and lifeboat crew fought the move but when it became clear they had lost the battle to retain the RNLI inshore rescue boat they set out to provide their own accredited independent lifeboat. Within months the £400,000 needed to buy the lifeboat and crew equipment had been raised - with a £260,000 donation coming from Tunnock, of caramel wafer and teacakes fame - and organisers then started the serious job of sourcing a new boat.

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They have gone for a nine metre inshore inflatable boat from Marine Specialised Technologies. The company, based in Liverpool, manufacture boats for the military and have supplied search and rescue boats around the world. Euan Gibson, announcing that the lifeboat had been ordered, said: “The crew and committee have been to the Liverpool factory and after testing it on the Mersey we settled on that design which we think will be perfect for the conditions at St Abbs.“The crew are back in training, and their first aid training will be beyond the minimum training requirement tailored to deal with potential diving casualties. They are hoping the new lifeboat will be delivered to St Abbs by June or July.Organisers held a public meeting in St Abbs last night to tell their supporters the good news that the harbour will have its own lifeboat again by the summer. Source; berwick-advertiser

The VLCC DHT LION photographed at One Fathom Bank in the Malacca Straits 24th March at 0900. Photo: Aerial Marine Media Sdn Bhd www.aerialmarine.com

Hapag-Lloyd delivers 114 million Euro net profit in a challenging market environment Synergies, Cost-cutting programme and a more competitive fleet ensure successful year / Hapag-Lloyd well positioned due to balanced trade portfolio and presence in attractive niche markets / Further earnings-improvement projects in 2016

Hapag-Lloyd achieved a net profit of EUR 114 million (previous year: EUR -604 million) in the financial year 2015. EBITDA amounted to EUR 831 million (previous year: EUR 99 million) and the operating result (EBIT) to EUR 366 million (previous year: EUR -383 million).“The result for the year is in line with our expectations. Hapag-Lloyd has delivered what we promised. Also in comparison with our main competitors, Hapag-Lloyd has made up tremendous ground and is back among the top performers in the industry,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG,

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commenting on the presentation of the final figures for 2015. “We’ve worked hard for this success by quickly integrating CSAV’s container business and by exploiting the synergies, as well as with the OCTAVE cost-cutting and efficiency programme, which will make a total earnings contribution of in total USD 600 million from 2016. More than 70% of the expected result improvements have been realized in 2015 already. On the back of this success, we already launched OCTAVE 2 towards the end of 2015. In this programme we have again identified promising potential that should further improve our efficiency.” In 2016 Hapag-Lloyd has started the roll out of the “Compete to Win” programme, to increase focus on the customer and improve revenue quality.In 2015, Hapag-Lloyd’s transport volume rose by 25.3% year on year to 7.401 million TEU. The average freight rate in the previous financial year was 1,225 USD/TEU, which represents a decline of 202 USD/TEU, or 14.2%, on 2014. Revenue reached EUR 8.842 billion in the past financial year, following EUR 6.808 billion in the previous year. The increases in volume and revenue were primarily attributable to the acquisition of CSAV’s container activities. The transport expenses grew 19.8%, or EUR 1.198 billion, to EUR 7.258 billion. The transport expenses per TEU decreased by 20.1% from 1,363 USD/TEU in 2014 to 1,089 USD/TEU last year. This is caused by a lower bunker consumption price, which, at 312 USD/tonne in 2015, was significantly below the previous year’s level of 575 USD/tonne. Also lower consumption (per TEU transported) as well as the synergies and effects of the OCTAVE programme contributed to reducing unit cost.“In 2016 we will continue to work on our competitiveness, to maintain and further strengthen our performance in the industry,” explained Rolf Habben Jansen. “We are well positioned thanks to our balanced portfolio across all trades and our strong presence in attractive niche markets such as reefer, special cargo, dangerous goods or cabotage.” The development of the business so far in 2016 is in line with expectations. “We believe that the ongoing consolidation and the upcoming new alliance set-up should add stability to the market, and that there will be some recovery of the market,” Habben Jansen said. Under these conditions, with a normal peak season and thanks to further synergy effects, additional cost reductions and efficiency projects as well as the first effects of the “Compete to Win” project, Hapag-Lloyd plans to achieve a moderate increase in EBITDA and a clear increase in EBIT in the current financial year when compared to 2015.The year-on-year improvement in equity to EUR 5.046 billion (equity ratio: 45.5%) and the increased liquidity reserve of EUR 962 million serve as a solid basis for exploiting additional growth opportunities (all figures as at 31. December 2015). For more information, please visit : https://www.hapag-lloyd.com

The ELISABETH outbound from the IJmuiden locks bound for Kaarsto – Photo : Simon Wolf © Crowley Awards Scholarships to Four SUNY Maritime College Cadets Crowley Maritime Corporation’s 2016 Thomas B. Crowley Sr. Memorial Scholarships have helped to further educational opportunities for four students of State University of New York (SUNY) Maritime College. The recipients, who will each sail with Crowley this summer, were chosen based on their demonstrated leadership skills, financial need and plans to

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pursue a career in the towing or petroleum shipping industries after graduation. The awardees are Daniel Press from Middletown, Del., Richard Scales from Huntsville, Ala., Conner McDaniel from Islip Terrace, N.Y., and Andrew Scalice from Howard Beach, N.Y. “SUNY is a great resource for professional, qualified mariners,” said Crowley’s Jenny Terpenning, recruiter, marine personnel. “Crowley regularly hires from its marine transportation and marine engineering programs. We have hired more than 30 graduates from SUNY Maritime College since 2012.” Scholarship recipient Press is a third-class cadet studying electrical engineering and pursuing an engine license. He is a three-time Admiral’s List honor roll student that works as an Installation Deployment Officer (IDO) Squad Leader in the Regiment, and is a member of the Electronics Club and the Technology Club. Scales is a graduate student in the international transportation management program, pursuing a deck license. On campus, Scales is a member of the Offshore Sailing Team and the Artillery Club. He is also the assistant women’s volleyball coach and this semester earned a place on the Admiral’s List. McDaniel is a third-class cadet in the marine transportation program working towards his deck license. He plays on the SUNY Maritime football team and is involved in various clubs on campus including the Fishing Club and Powerlifting Club. Scalice is also a third-class cadet in the marine transportation program pursuing a deck license. Scalice works as a Student Ambassador for the admissions department, and is a member of the Honor Guard and the Drill Team.Since 1984, Crowley has provided more than $3 million dollars in scholarship funding for more than 1,000 students. The company has also donated more than $2 million over the years to support other educational programs. In 1994, Chairman and CEO Tom Crowley Jr., established the Thomas B. Crowley Sr. Memorial Scholarship Program in honor of his father who led the company to extraordinary heights before passing away in 1994. The company continues to give scholarship dollars to deserving students in the U.S., Alaska and Puerto Rico. In 2006, the program was expanded to Central America and to date, has provided financial assistance to more than 20 students in that region. To learn more about the Crowley scholarship program, visit www.crowley.com/scholarships. To learn more about Jacksonville-based Crowley Maritime Corp., a 124-year-old privately held company that provides marine solutions, energy and logistics services around the world, please visit: www.crowley.com

The AHT PEGASUS seen towing the Sarens pontoon PAULA loaded with the JB 115 into the port of Vlissingen, assisted on the stern by the MULTRATUG 27 Photo/video: Hans van der Linden www.facebook.com/AerolinPhoto Carnival Cruise Line to start sailing to Cuba in May Distribution : daily to 34.000+ active addresses 26-03-2016 Page 18 DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2016 – 086

The world's largest cruise line is getting approval from Cuba to start running "cultural exchange" trips to the island starting in May. The cruises are on sale and will be operated bi-weekly. The Miami-based company said in September its Fathom ships for socially conscious travelers will call on three Cuban ports - Havana, Santiago de Cuba, and Cienfuegos - starting in May. Set to sail in May, U.S.-to-Cuba cruise in over 50 years. "We are excited about Cuban approval and are ready to take travelers there through an extraordinary guest experience on the lovely MV Adonia", Arnold Donald, CEO of Carnival Corporation, said in a statement. But don't expect all ships to begin sailing to Cuba immediately. Carnival has previously announced in July that it was given permission by the USA government to hold cruises to the Caribbean island nation, arguably one of the most popular geographic destinations for cruise trips, but this was not a done-deal yet since the final OK is still contingent on Cuba's approval. She says that the company has worked to ensure that all the onboard and land activities-focused on things like music, food, culture-meet the basic requirements in the 12 People to People categories, which provide Americans authorized travel to Cuba. The inaugural voyage for the Adonia 1, with a capacity for 704 passengers, is May 1 with arrival in Havana the same day. Fathom's cruises will fall under an embargo exception for people-to-people travel. "We believe there is no better way to experience so much of Cuba in seven days", Donald said. Prices for the seven-day cruises range from a low of $1,800 for an inside cabin to $8,250 for a suite in peak season, according to the Fathom website. Fares include all meals on the ship, on-board experiences and several on-the ground activities. It sells its cruises primarily through travel agents and tour operators. Source; State of the Stateks

First of two energy efficient dry cargo vessels coated with Ecospeed At the end of January the application of newbuild m/s Eeva VG with Ecospeed was finalized. The vessel is the first of two very energy efficient dry cargo carriers owned by the Meriaura Group. They will operate in the Baltic region.Both ships are VG EcoCoasters. They are designed to cause considerably less environmental impact than conventional dry cargo vessels. The aim is to almost halve the fuel consumption compared to conventional dry cargo vessels of similar type and size, and therefore also cut emissions remarkably. Ecospeed is an 100% environmentally safe ship hull coating system that ties in perfectly with the design of the VG EcoCoasters. One of the many unique factors of this underwater hull coating system is that with repeated underwater hull cleaning, the coating’s surface aspect does not degrade but gradually improves. This procedure is made easy by the coating’s technical properties. Cleaning can be carried out whenever needed, at any point in its lifespan, without causing damage.With both innovative vessels expected to be ready for operation before the end of the year, the Meriaura Group will very soon start to make a difference on the shipping industry. We at Subsea Industries have been pursuing a similar goal since 2000 and are proud to be a part of this project. For more information, please visit : http://www.hydrex.be

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The 2011 delivered MTS VANTAGE seen moored in the bay of Dampier (Australia) Photo: Piet Sinke © CLICK at the photo! MTS VANTAGE is a Damen 2709 Shoalbuster multi-purpose tug is suited to all types of marine work including towing, anchor handling, dredging support, mooring, windfarm operations, marine construction. The MTS VANTAGE produces 3000 bhp with a bollard pull of 40 tonnes. MAID OF THE LOCH: FIRST CONTRACT IN HISTORIC REBUILD SIGNED The first contract to be let in the £5.5 million project to rebuild the Maid of the Loch, Loch Lomond’s Paddle Steamer,

was signed on Monday 22 February 2016. The contract has been awarded to OSD-IMT Ltd., of Dundee, and is for marine consultancy services. OSD will provide the necessary naval architecture, engineering, structure, and outfitting expertise to produce all the required calculations, drawings, and designs to ensure that the rebuild meets all regulatory requirements. John Beveridge, Founder of the Loch Lomond Steamship Company, the charity that owns the Maid, said “This is a landmark event for us. It is almost exactly 20 years since the charity took ownership of the Maid, and we are now able to start work on returning this unique ship back into steam operating condition. It is hugely exciting for everyone and our thanks forall the wonderful support we have had. This is a major investment for Loch Lomond”.

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Managing Direct of OSD-IMT Ltd., Neil Patterson, said “We are pleased to be able to support the Loch Lomond Steamship Company with this exciting and challenging project, and look forward to assisting them in returning Maid of the loch to operation”.

Maid of the Loch is the last paddle steamer built in Britain, in 1953, and she sailed on the loch until 1981, carrying such notable people such as Queen Elizabeth II (on two occasions) and Queen Salote of Tonga. She lay neglected and deteriorating at Balloch until rescued by the charity in 1996. Since 2001 the Maid has been a 2 star visitor attraction in VisitScotland’s quality assurance scheme and open to the public every day in summer, drawing around 15,000 visitor each year. Dr Mike Cantlay, Chairman of VisitScotland, said “I am absolutely delighted that the project to rebuild the historic ‘Maid of the Loch’ can now go full steam ahead; it is fantastic news for tourism in the region. As the last paddle steamer built in Britain, as well as the last in a long line of Loch Lomond steamers, the ship is an important part of Scotland’s maritime heritage. She already draws a significant number of visitors every year but the refurbishment works to restore her to her former, full glory as an operational paddle steamer will mean that she’ll become a superb, first-class attraction, offering a greatly enhanced quality of visitor experience. During this Year of Innovation, Architecture and Design 2016, we are highlighting and celebrating examples of Scotland’s rich engineering legacy as well as icons of innovation across many fields. The ‘Maid of the Loch’ is certainly one of those so I am very much looking forward to seeing the completion of this exciting restoration project.” Last year Maid of the Loch was awarded a Stage 1 pass by the Heritage Lottery Fund, worth £230,400, which allows this professional work to be carried out. HLF have promised a further £3.8 million if the charity can raise the balance of £1.7 million.“Of course, the Maid is not just an historic steamship”, added John Beveridge. “She represents jobs, training, added value for visitors, and will be an icon for Loch Lomond. A refurbished Maid of the Loch will embrace 21st century safety and comfort, with 20th century Scottish engineering, using 19th century technology. How brilliant will that be?”

TTS to deliver a second Linkspan to Stena Europoort 2 Stena Line has awarded TTS Marine AB the contract to deliver a second Linkspan to their Europoort terminal for bridging the rolling cargo between shore and ship.Stena Line and Port of Rotterdam announced last year their collaboration to build a second berth at the Stena Line terminal at Europoort prior to the existing berth being renewed, as part of an extensive investment program designed to meet future customer demand. Today the Linkspan in the old berth allows one lane traffic only while the new Linkspan is a state of the art solution for efficient loading and unloading of rolling cargo between the ship and terminal with possibility of three lane traffic. The length of the new Linkspan is about 18 meters with a width of 22 meters at the outer end, where the vessel ramp will be resting. It is maneuvered by dual hydraulically actuated cylinders on each side.Stena Line and Port of Rotterdam is in progress building the new berth in the port and TTS Marine AB is delivering the Linkspan for this berth as well. The new berth is expected to be completed and in operation in the first quarter of 2017. When the new berth is in operation the old berth will be renewed and the plan is to be operational by January 1st 2018. This will give Stena Line much greater flexibility to service the growing freight market. Source: portnews Wood Group Intetech grows Malaysia tea Global asset integrity specialist increases headcount to meet rising demand

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Wood Group Intetech (WGI), a leading asset integrity specialist serving the global energy industry, is growing in Malaysia in response to heightened demand for its services. WGI is well-known for its innovative software solutions ECE, iWIT and iQRA, but the continued demand for its materials selection, corrosion studies and risk-based inspection consultancy expertise has driven its recent growth. WGI’s expanding client base has enabled the company to appoint new technical staff members to support this demand. Dr Andrew Spowage, Engineering Manager for Asia Pacific at Wood Group Intetech, says: “In the ‘lower for longer’ oil price environment, solutions that can reduce cost, improve efficiency and increase productivity remain top of the agenda. We’re helping operators manage the integrity of their existing assets so that they can make better decisions that maximise value across their operations.” Dr Liane Smith, Founder and Managing Director of Wood Group Intetech, adds: “The team in Malaysia has done a fantastic job in supporting our local clients, and the fact that we’re in a position to expand is a huge testament to their work. Our continued effort in delivering high quality, high value services is paying off – cementing our reputation for delivering on time and to a world class standard.” Source:Offshpre news

Rolls-Royce Reveals Future Shore Control Centre To Control Unmanned Ships Rolls-Royce unveiled its vision of the land-based control centres that we believe will remotely monitor

and control the unmanned ships of the future.

In a six minute film, Rolls-Royce presents a vision of the future in which a small crew of 7 to 14 people monitor and control the operation of a fleet of vessels across the world. The crew uses interactive smart screens, voice recognition systems, holograms and surveillance drones to monitor what is happening both on board and around the ship. Iiro Lindborg, General Manager, Remote & Autonomous Operations, Ship Intelligence, Rolls-Royce, said: “We’re living in an ever-changing world where unmanned and remote-controlled transportation systems will become a common feature of human life. They offer unprecedented flexibility and operational efficiency. Our research aims to understand the human factors involved in monitoring and operating ships remotely. It identifies ways crews ashore can use tools to get a realistic feel for what is happening at sea.” The film marks the final stage of research that will inform the design and construction of a project demonstrator before the end of this decade. An effective remote operations centre is essential to the company’s plans to develop autonomous and remote controlled vessels. Eija Kaasinen, Principal Scientist at VTT Technical Research Centre of Finland Ltd said: “The autonomous ship does not mean removing human beings entirely from the picture, as is sometimes stated. Unmanned ships need to be monitored and controlled and this will require entirely new kinds of work roles, tasks, tools and environments. The future shore control centre concept has been designed by emphasising the user experience of the human operators. By focusing on the operators’ point of view, it is possible to introduce meaningful, pleasurable and engaging new roles for the ships’ shore control centre professionals.”

The research was undertaken by VTT and University of Tampere research centre TAUCHI (Tampere Unit for Computer Human Interaction) in collaboration with Rolls-Royce. It explored the lessons learned from other industries where remote operation is commonplace, such as aviation, energy, defence, and space exploration.

It uses the innovative InnoLeap approach, a VTT and Rolls-Royce-developed initiative for concept design and presenting academic studies in a graphic format. The InnoLeap approach is based on trend and user studies, co- innovation, scenario stories and visualizations.

The video is the latest in a series of films developed to present Rolls-Royce’s vision of future shipping known as the ‘oX’ operator experience concept and introduced in 2014. Previous studies have looked at the user experience of future command bridges on Platform Supply Vessels, container ships and tugs. New digital opportunities will shape the world of work in various industries and VTT’s research helps create the conditions needed for digitalisation to promote sustainable development, employment and well-being in society. Mikael Wahlström, Senior Scientist at VTT said: “We need to understand current work by field studies. This allows the creation of innovations that reflect the positive aspects of existing job practices, which are not always obvious. If, for example, a mechanic can assess the engine status by hearing the engine noise, it should be beneficial to be able to do the same at a remote control centre.” On 5 April in Helsinki Rolls-Royce will reveal separate research findings, which it believes will set the direction for the development of remote and autonomous shipping. Remote and autonomous ships are one of three elements of the company’s Ship Intelligence strategy, a portfolio of innovative products and services – comprising health management solutions, optimisation and decision support, and remote and autonomous operations – which will enable customers to transform their operations by harnessing the power of big data. Reference: rolls-royce.com

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CASUALTY REPORTING

Cargo Ship Goes Aground, Sinks Off Sulawesi On March 22, the general cargo ship BUNGA MELATI XV sank alongside a pier in the port of Tagulandang, North Sulawesi, after hitting a reef. Local media reports suggest that she struck bottom while approaching the port. After getting her off the rocks, her captain managed to maneuver the vessel towards the quay, but water ingress continued, and she sank at about 1645 hours. At the time of her sinking she was loaded with over 2,000 tons of bagged cement. Her crew of 18 escaped unharmed. The 1980-built, 2,300 dwt BUNGA MELATI is owned by Pertamina Persero and managed by Sari Ampenan. Pertamina did not immediately respond to a request for comment. Further information regarding her disposition, any observed pollution and the plans for her salvage was not available. Total losses, including founderings, are more common in Southeast Asia than in any other geographic region, according to data from Lloyd's List and Allianz. Tragic ferry casualties - attributed to overloading, among other factors - are a major subset. In December, a ferry sinking in Sulawesi claimed about 80 lives. Source : MAREX NAVY NEWS US Navy ship "Blue Ridge" to visit Colombo The U.S. 7th Fleet flagship USS BLUE RIDGE (LCC 19) will arrive in Colombo for a port call March 26, the first visit by a U.S. Navy ship since October 2011. The visit builds upon last month’s Partnership Dialogue in Washington D.C., where both nations pledged to strengthen maritime security cooperation efforts in the Indian Ocean Region in order to counter piracy, provide humanitarian assistance, and ensure free and safe navigation in the region’s vital shipping lanes.

“A strong relationship between United States and Sri Lanka will help foster greater stability, security, prosperity, and a rules-based order for the Indo-Pacific region and around the world,” said U.S. Ambassador Atul Keshap. “This U.S. Navy ship visit demonstrates the U.S. commitment to partners such as Sri Lanka.”

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The USS Blue Ridge team consists of more than 900 sailors, who will interact with their Sri Lanka Navy counterparts, experience Sri Lanka’s vibrant culture, and engage with its people. The sailors will also use their shore leave to volunteer at a community center by refurbishing its walls and furniture, building playground equipment, and serving food to the needy. Members of the U.S. Navy’s 7th Fleet Band will arrive with the ship and stage free public performances in Colombo, including a joint performance with the Sri Lanka Navy, Army, and Air Force bands on March 26 at Viharamahadevi Amphitheatre from 6 to 8 pm. On March 27 free solo public performances are scheduled at Majestic City at 12 noon and at the Dutch Hospital complex from 6 to 7 pm. On March 29, they will also perform for students from several area schools at Ananda College. The USS BLUE RIDGE has been forward deployed to Yokosuka, Japan for 36 years. As the command and control flagship for the U.S. 7th Fleet Commander, Vice Admiral Joseph Aucoin, the USS BLUE RIDGE is committed to strengthening and fostering relationships within the Indo-Asia Pacific region. The last U.S. Navy ship to visit to Sri Lanka was the USS FORD (FFG 54), which conducted a port call in Galle October 11-14, 2011. Source ; sundaytimes

The A 387 RFA FORT VICTORIA seen outbound from Port Rashid (Dubai) – Photo: Andre Korver© RFA Fort Victoria is a Fort-class combined fleet stores ship and tanker of the Royal Fleet Auxiliary of the United Kingdom tasked with providing ammunition, fuel, food and other supplies to Royal Navy vessels around the world. Fort Victoria was ordered from Harland and Wolff in 1986, and was launched in 1990. She is named after Fort Victoria on the Isle of Wight On 6 September 1990, while Fort Victoria was at dock and less than three months after being christened, a Provisional IRA unit planted two explosive devices on board. After a telephone warning from the IRA,[2] one of the bombs exploded, causing extensive damage inside the engine room, which was holed and subsequently flooded. The ship listed 45 degrees, and the chances of sinking were high. The situation was under control after hours of work by emergency teams, which pumped the water out of the engine room. Sir John Parker, the shipbuilder, praised the courage of the engineers for saving the ship. It was not learned that a second device had failed to explode until a second IRA phone call 24 hours later. It took two weeks to find and disable the second bomb, which stalled the works furtherThis incident and other problems with the construction of the vessel meant it was not delivered until 1993, two years after originally planned.In 1998, the ship was fitted with the Phalanx CIWS.She was accepted into service on 24 June 1994. SHIPYARD NEWS

CSSC to invest $2.3bn to develop Longxue Shipbuilding base Chinese state run shipbuilding conglomerate China Sate Shipbuilding Corporation (CSSC) is planning to invest RMB15bn ($2.3bn) in total in the next five years to develop its affiliate shipyard Guangzhou Longxue Shipbuilding, Dong Qiang, president of CSSC said at a government meeting in Guangzhou yesterday. Dong said the group will further expand Longxue Shipbuilding into a comprehensive shipbuilding and offshore equipment base with an annual capacity of 10m dwt. The phase one project will use RMB4.5bn ($691m) to develop two 500,000dwt docks which will add 2.12m dwt capacity to the shipyard.According to Dong, currently the total shipbuilding capacity in Guangzhou is about 6.5m dwt, and 70% of the capacity is controlled by the government. The group will also keep integrating the Distribution : daily to 34.000+ active addresses 26-03-2016 Page 24 DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2016 – 086

shipyards in Guangzhou through mergers and acquisition to optimize the shipbuilding capacity in the city. Source: Splash 24/7 Daewoo Shipbuilding suspected of window dressing in 2013 and 2014 profit By Park Yong-beom, Noh Hyun

South Korea’s leading shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) and its accountant could anger shareholders and possibly face litigation actions on charges of window-dressing as the troubled shipbuilder is required to spread out some of the record-high losses of last year across in the accounts of the previous two years.

DSME last year reported operating loss slightly over 5.5 trillion won ($4.7 billion), and its accountant Deloitte Korea ordered the shipbuilder to redress the books in 2013 and 2014 upon discovering flaws while examining the 2015 financial sheet. Deloitte will disclose the revised financial statement before the shareholder’s meeting. The shipbuilder previously said its disclosure for 2015 settlement was being delayed.

Although the cumulative three-year loss won’t change from the previously reported 5.5 trillion won, the operating profits of 424.2 billion won in 2013 and 454.3 billion won in 2014 could transform into red figures when the 2015 loss share is spread out. The practice of deliberately hidden, omitted, or manipulated financial statement that leads to misrepresentation of the corporate health and performance can lead to litigation as its investors have been deceived by the rosier statement of the company.source: pulsenews Shanghai Waigaoqiao, Beihai Shipbuilding land $680m order to build eight VLOCs By Lee Hong Liang from Singapore

Shanghai Waigaoqiao Shipbuilding (SWS) and Qingdao Beihai Shipbuilding Heavy Industry have landed an order to each build four VLOCs worth a total of $680m from China Merchants Energy Shipping (CMES).CMES announced to the Shanghai Stock Exchange that the newbuilding order for the eight 400,000-dwt mega ships was placed at the Chinese shipyards on 23 March in Shenzhen, China. The shipowner also booked two VLOCs at China Merchants Heavy Industry (Jiangsu), making up a total of 10 ships.The price tag for each ship is $85m.The Chinese shipowner said the order follows the signing of a 27-year charter contract with Brazil’s Vale to transport some 16m tonnes of iron ore each year. The charter deal is scheduled to start in the first half of 2018. The first new VLOC is slated to be delivered in the first half of 2018, and the fourth unit is due no later than end-2019. Source: seatrade-maritime.

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 Fincantieri starts construction of the third of six cruise ships for Viking Ocean Cruises “Viking Sky”, the third of six cruise ships Viking Ocean Cruises has ordered from Fincantieri, has been launched at the shipyard in Ancona. Interior fittings will now begin, leading the vessel to its delivery, scheduled in February 2017, the company said in its press release.“Viking Sky”, as its sister ships, will be placed in the small cruise ship segment. In fact, with a gross tonnage of about 47,800 tons, it will have 465 cabins with accommodation for 930 passengers, with a total capacity of over 1,400 people, including the crew.The ship has been designed by experienced naval architects and engineers, including an interior design team of London-based SMC Design, and Los Angeles-based Rottet Studios. “Viking Sky” is built according to the latest navigation regulations and equipped with the most modern safety systems, including the “Safe return to port”. Furthermore, it features the most advanced technologies for reducing the

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environmental impact and for energy saving.The first of the series, “Viking Star”, has been built and delivered in spring 2015 from the shipyard in Marghera, while “Viking Sea”, will take the sea from the shipyard in Ancona precisely tomorrow.Fincantieri has built 70 cruise ships since 1990 (of which 47 from 2002) and other 14 ships are currently being designed or built in the Group’s yards. Source; Portnews

ROUTE, PORTS & SERVICES

Odebrecht Says It Is Ready to Testify in Brazil’s Petrobras Probe Firm says its ex-CEO, other jailed executives are prepared to turn state’s evidence in massive corruption investigation Jailed billionaire construction mogul Marcelo Odebrecht is ready to turn state’s evidence in a massive Brazilian corruption probe that threatens to upend the government of President Dilma Rousseff and land her predecessor Luiz Inácio Lula da Silva in jail. Brazilian construction giant Odebrecht SA on Wednesday confirmed that Mr. Odebrecht, its former chief executive, and other company employees are prepared to tell prosecutors what they know about a supplier cartel that siphoned billions from Brazil’s state oil company and channeled it into the pockets of crooked politicians. Prosecutors say graft was so systematic at Odebrecht that the company set up a special department dedicated solely to keeping track of the bribes and their recipients. The allegation of such scrupulous bookkeeping is haunting the company and sending shock waves through Brazil’s political establishment. On Wednesday, local media published a list of around 200 politicians who allegedly took payments from Odebrecht.The press outlets said they obtained the names from a company document posted on a court website. A judge in charge of the case later removed the document from the site and it isn’t clear whether the payments were legal donations or not. But the damage had already been done. “The Doomsday Plea Bargain,” screamed a Wednesday headline on the website of the São Paulo daily Folha de S. Paulo. Ms. Rousseff and Mr. da Silva have denied wrongdoing. The prospect of even more detailed testimony from Mr. Odebrecht, who this month was sentenced to 19 years in prison for his role in the scheme, could prove devastating for Brazil’s government, deepening a crisis that could topple Ms. Rousseff and Mr. da Silva, whose legal woes stem from alleged connections to the construction firm. “It will be like a hydrogen bomb,” said David Fleischer, a University of Brasília political-science professor. “They should have all the spreadsheets of where bribes were deposited and in whose names.”Late on Wednesday, however, prosecutors from the southern of city of Curtiba, where the so-called Operation Car Wash probe is based, distanced themselves from Odebrecht’s declaration of a potential agreement. In a statement, authorities said they weren’t negotiating with the company, and chastised it for going public with its willingness to strike a deal.“The revelation via the press…damages the negotiating secrecy required by law to reach an agreement,” the prosecutors said.Prosecutors say at least 6.4 billion reais (about $1.7 billion) was diverted from state oil company Petróleo Brasileiro SA, or Petrobras, through inflated supplier contracts, some of which allegedly flowed as illegal campaign contributions and bribes to the ruling Workers’ Party and its allies. The parties deny the allegations. An Odebrecht spokeswoman confirmed that Mr. Odebrecht, other jailed former executives and other company employees were available to collaborate with Operation Car Wash prosecutors, but declined to give further details.In an earlier statement on Tuesday, Odebrecht said “we don’t have the dominant responsibility” for Brazil’s “illegal and illegitimate system of

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party-electoral financing.” Odebrecht also indicated it was out to save the jobs of its 130,000 global employees.Some legal experts said the construction giant is signaling it won’t take the fall for corrupt politicians and will do whatever it takes to save the company, which has been badly damaged by the scandal. The most valuable thing Odebrecht has to offer authorities, observers said, is testimony from Mr. Odebrecht, who is described by prosecutors as one of the masterminds of the supplier cartel.“Odebrecht’s note shows it’s going to hand over all the facts,” said Pierre Moreau, a São Paulo-based attorney. “Marcelo has more information to give than other people, so it’s hard to believe his plea bargain wouldn’t be approved.”News of Odebrecht’s collaboration comes amid many arrests and plea bargains that have dominated headlines here and kept Brazil on edge for months. Prosecutors have acknowledged 49 such agreements with individuals and five leniency deals with companies, with several more in the works.With so many suspects turning state’s evidence in exchange for leniency, the window is closing for other defendants to provide prosecutors with information deemed valuable enough to warrant a plea deal. That appears to be spurring a flurry of testimony, propelling the probe ever closer to Ms. Rousseff and Mr. da Silva.Last week, Brazil’s Supreme Court released plea-bargain testimony from a powerful Workers’ Party senator ensnared in the Car Wash scandal who implicated Ms. Rousseff and Mr. da Silva. Both denied the allegations that they knew about the graft ring and tried to obstruct the criminal probe.Information from Odebrecht about allegedly illicit campaign donations could prove damaging for Ms. Rousseff, who has been dogged by accusations that dirty money funded her re-election. An electoral court is currently investigating the source of her campaign financing; it could annul the 2014 results and order up new elections if it finds wrongdoing. Ms. Rousseff has denied the dirty-money allegations.Odebrecht also figures prominently in the legal troubles of Mr. da Silva, who was president of Brazil from 2003 to 2010. Prosecutors are investigating large donations made by Odebrecht to Mr. da Silva’s Instituto Lula, a nonprofit São Paulo foundation, which they suspect was a conduit for illegal campaign contributions to the Workers’ Party.Prosecutors also say Mr. da Silva illegally benefited from extensive renovations made by Odebrecht to a country ranch used frequently by the former president and his family.Mr. da Silva and the Instituto Lula have denied wrongdoing. A spokesman for the foundation said Mr. da Silva is “tranquil” following news of a potential plea bargain by Mr. Odebrecht because the former president “has always acted in accordance with the law.” Source : the Wall Street Journal MARITIME ARTIST CORNER

Above seen the latest work of maritime artist Ronald van Rikxoort see for more of Ronalds work www.artabc.nl

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Click HERE for the LIVE STREAM WEBCAM in Hoek van Holland Berghaven

…. PHOTO OF THE DAY …..

Fred Olsen’s BRAEMAR visited Sevilla – Photo : Piet de Nijs ©

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Shipsname Type Photo Location Photo Date ANTONIE OLDENDORF geared bulker Singapore 14-03-2016 KANWAY GALAXY Containership Singapore 14-03-2016 SUN PRINCESS Passengerliner Fremantle 24-03-2016 SUN PRINCESS Passengerliner Fremantle 24-03-2016 SUN PRINCESS Passengerliner Fremantle 24-03-2016 SUN PRINCESS Passengerliner Fremantle 24-03-2016 MTS VANTAGE Shoalbuster Dampier 23-03-2016

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 , thanks !

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