DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2017 – 314

Number 314 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Wednesday 08-11-2017 News reports received from readers and Internet News articles copied from various news sites.

1961 built sand carrier BERT PRIOR just about to negotiate the London Thames Barrier Photo : Roger Hammond ©

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If you don't like to receive this bulletin anymore : To unsubscribe click here (English version) or visit the subscription page on our website. http://www.maasmondmaritime.com/uitschrijven.aspx?lan=en-US EVENTS, INCIDENTS & OPERATIONS

Reefer GREEN KARMOY towed-out Nauta Gdynia drydock by the FAIRPLAY VII. Photo : Joran Buijk Chief Engineer JUV "Vole Au Vent" Jan De Nul Group © Deepwater projects contribute $90b revenue’ Deepwater projects in Nigeria’s oil and gas industry have contributed about $90 billion revenue to the Federal Government as at end of 2016, Managing Director, Total Exploration and Production Nigeria Limited, Nicholas Terraz, has said. Terraz said this while discussing the success story of the Egina project at the 55th Business Anniversary event of the Oil Producers Trade Section (OPTS), an arm of the Lagos Chamber of Commerce and Industry (LCCI) in Lagos. Egina project, which currently is Nigeria’s deepest offshore oil field, is being operated by Total and expected to begin production in 2018. Terraz said the deepwater projects include Agip’s Abo; Shell’s Bonga; ExxonMobil’s Erha; Chevron’s Agbami, and Total’s Akpo and Usan offshore fields, pointing out that about $60 billion investments have gone into these assets. The Total chief said 560,000 man hours of human capacity development and training have been achieved across Egina contracts, while 60,000 tonnes of

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equipment was fabricated in Nigeria. Over 10 Nigerian companies, including Ladol; Nigerdock; Dormanlong; EWT and Aveon, among others, carried out different contracts, especially for the floating production, storage and offloading (FPSO) vessel.The project has created 24 million direct man-hours in Nigeria, which constitutes 77 per cent of total workload performed on Egina project. The percentage is a remarkable increase from other man-hours carried out on other oil fields development operated by Total. For example, the total man-hour percentage on Akpo field project, whose development began in 2005, was 44 per cent and that of Usan project of 2008 was 60 per cent. Also the Egina FPSO vessel has left Geoje in South Korea to Nigeria. It sailed off the Samsung fabrication yard on October 31. Although the vessel started its long journey to Nigeria after several months behind the original scheduled date, it is exciting news to stakeholders in Nigeria’s oil and gas industry. It is expected that the journey will take 90 days to arrive at the yard of the Lagos Deep Offshore Logistics (LADOL) in Lagos, which may be January or early February 2018. At LADOL facility, the six modules constructed by TechnipFMC, which are presently at the LADOL yard, will together with some other modules coming from Korea, be integrated into the FPSO at LADOL yard, a process that will take about six months to complete. That is the key local content part of the FPSO integration. The FPSO will then leave LADOL yard in Lagos to Egina location, off southeastern Nigeria, where the risers, offloading Buoy and other subsea cables will then be hooked up to the FPSO before Egina first oil in November 2018 will be achieved. Egina field is a deepwater acreage located in oil mining lease (OML) 130. It will commence production in 2018, and it will, at peak production, be giving an output of 200,000 barrels per day of crude oil. The Egina oil field is located in 150km off the coast of Nigeria. The field is being developed by Total Upstream Nigeria (24 per cent) in partnership with CNOOC (45 per cent), Sapetro (15 pre cent) and Petrobras (16 per cent).

Bulker CAPE STEFANIE departing from Hamburg with destination Port Cartier (Canada). Photo : Hans Joachim Schaefer (c) New Aberdeen Oilfield Services Group to Create Over 100 Jobs Combining the engineering knowledge of Apollo and the offshore construction expertise of AquaTerra Group Ltd, FOS Group states on its website that it delivers an ‘alternative’ engineering, procurement and construction solution for oil and gas companies operating in the North Sea and beyond. “There is a truly authentic drive at FOS to help shape and build a more sustainable and responsible North Sea economy,” Jonathan White, FOS Group managing director, said in a company statement. “FOS combines more than 20 years of experience from its founding organisations and our clients can immediately access over 100 multidiscipline onshore engineering and design personnel along with over 150 multiskilled offshore construction workers,” he added. “We have the capacity to execute scopes across the whole project lifecycle including procurement and fabrication ensuring safe and appropriate installed solutions on, below and above deck,” he continued. FOS Group is aiming to generate ‘substantial growth’ over the next 12 months, according to the company’s launch statement. “The North Sea needs new solutions to enable sustainability whilst continuing to provide value for operators, supply chain, government and the local economy alike,” White said. “FOS represents an exciting opportunity for our staff and clients and provides the market with a welcome alternative for successful project delivery in a mature basin,” he added. Source : Rigzone

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The Boskalis TSHD ORANJE passing Zr.Ms. KAREL DOORMAN at arrival in Willemstad-Curacao Photo: Gerrit Roest (c) Sailors’ Society’s London Wellness at Sea conference to address critical issue of crew welfare Ship owners must prioritise crew wellness to prevent disasters like El Faro – that’s the message from Sailors’ Society CEO Stuart Rivers as he announces the charity’s second Wellness at Sea Conference (WASC). The conference, which aims to address crew wellness and how this impacts on the health of the ship - and ultimately the health of the ship owner’s balance sheet – will be held in London on 16 March 2018. Stuart Rivers, Sailors’ Society’s CEO, said, “Countless investigations into disasters at sea, including the recent El Faro tragedy, have proven that anxiety and fatigue can take a terrible toll on the decision-making abilities of crew. “We’re heartened to see so many industry leaders collaborating with us on our Wellness work and are expecting a high turnout from forward-thinking companies at next year’s conference.” The conference, sponsored by global mobile satellite communications company Inmarsat, will explore all aspects of seafarer wellness and is aimed at ship owners and those concerned with the recruitment and retention of crews. Held in the state-of-the-art facilities at 99 City Road Conference Centre, WASC 2018 will feature presentations from industry and academic experts on all aspects of crew wellness and focus on how ship operations impact on crew morale and retention, including digital communications, ship safety and cyber awareness Speakers include Euronav CEO Paddy Rodgers, UKP&I Club’s Stuart Edmonston, Inmarsat’s Drew Brandy and Dr Rafael Lefkowitz of Yale University. Drew Brandy, Senior Vice President Market Strategy for Inmarsat Maritime, said, “"We are delighted to act as host for next year’s Wellness at Sea Conference at Inmarsat headquarters. Connectivity with friends, family and the wider world has become a welfare issue for seafarers, and Inmarsat is convinced that the digital choices employers make have a direct influence on crew morale, and consequences for recruitment and retention.” Delegates will also be among the first to hear findings of a pilot study on the correlation between internet access on board and crew cohesion, as well as the results of Sailors’ Society’s seafarer wellness survey conducted by Yale University. The conference will conclude with an evening drinks reception, where delegates and additional guests can relax and reflect on the outcomes of the day. The event is doubly exciting as it falls in maritime welfare charity Sailors’ Society’s 200th anniversary year. Visit www.sailorssocietywasc.org to book your tickets. Delegate tickets are just £75 (+VAT) on the early bird rate to 31 December 2017.

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******THANK YOU******

I would like to thank everyone, on behalf of our family, for the condolences received via e-mail, WhatsApp and Mail after my mother’s husband, our father, father-in-law and grandfather of Mariska, Saskia and Alexander, AAD SINKE passed away.

It was heart-warming for us as family to receive so many responses from all over the world. Furthermore, we would like to thank all companies, KNRM, SIMA CHARTERS, KOTUG SMIT, LOODSWEZEN, KOTUG ROTORTUG, KRVE, FAIRPLAY TOWAGE, the Port of Rotterdam (RPA) and all the ships/boat crews for their efforts and participation in the parade of Sail in front of the crematorium in Maassluis during the ceremony. At 11:00, they all blew their horns for 10 seconds, accompanied by the song “Sailing Home” from Piet Veerman playing inside the crematorium, to complete Aad’s final journey in a Rotterdam Maritime way. All photo’s: Jan Oosterboer & Kees Torn – thank you Gents for your time to make the photo’s appreciated!

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CLICK AT THE PHOTO ABOVE TO HEAR THE LAST HORN BLAST OF THE PARTICIPATING VESSELS THANK YOU ALL ! Piet Sinke on behalf of the Sinke Family

2010 delivered HOEGH XIAMEN navigating the Westerschelde outbound heading for Emden Photo : Huib Lievense (c) Philippines to keep wary eye on new Chinese dredger The Philippines expressed concern on Monday about China’s testing of a massive dredging ship, saying it would track its activities closely, despite Beijing’s assurances it would not develop areas where it has competing claims with Manila. Philippine Defence Secretary Delfin Lorenzana gestures during a Reuters interview at the military headquarters of Camp Aquinaldo in Quezon city, metro Manila, Philippines February 9, 2017. REUTERS/Romeo Ranoco China, which has poured billions of dollars into building artificial islands to strengthen its sovereignty claims across most of the South China Sea, has started testing a new ship designed to boost its land reclamation capability. “The mere presence is a little bit concerning,” Defence Secretary Delfin Lorenzana told reporters. “Where it is going, we do not know.” Military officials said the ship, Tian Kun, had a deck the size of nine basketball courts and would become Asia’s largest dredging vessel. China claims almost the entire South China Sea,

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through which more than $3 trillion of seaborne trade passes each year. Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have conflicting claims in the area. Lorenzana said troops deployed on nine Philippine-claimed features in the South China Sea had been ordered to monitor the movements of Chinese navy, coastguard and fishing boats in the Spratly islands. “We are constantly monitoring the movement of the ship,” he added. “We have also our air patrol going regularly, so we will be able to monitor movement of this so-called very big dredger ship.” The testing of the dredger comes ahead of two major international meetings in Vietnam and the Philippines this week and the next, set to be attended by China and the United States. In August, the foreign ministers of Southeast Asia and China adopted a negotiating framework for a code of conduct in the South China Sea, a move they hailed as progress but which critics saw as a tactic to buy China time to consolidate its maritime power. All parties say the framework is only an outline for how the code will be established, but critics say the failure to outline as an initial objective the need to make the code legally binding and enforceable, or have a dispute resolution mechanism, raises doubts about how effective it will be. In Beijing, Chinese Assistant Foreign Minister Chen Xiaodong said talks on the framework had achieved important progress and there would be results at the Manila summit of Southeast Asian nations, attended by Chinese Premier Li Keqiang. “Whether the code is binding, or how it would be binding, and what the code looks like in its final form, depends on the outcome of the talks between China and the Association of Southeast Asian Nations,” Chen told reporters. “It can’t be decided by a single party.” Chinese President Xi Jinping will attend the other meeting, of Asia-Pacific leaders in Vietnam. Source: Reuters Reporting by Manuel Mogato; Additional reporting by Ben Blanchard in BEIJING; Writing by Neil Jerome Morales; Editing by Martin Petty and Clarence Fernandez

YUANPING SEA outbound between the IJmuiden breakwaters heading for Iskenderun Photo : Simon Wolf © Despite decline in revenue, Dredging Corporation of India to buy vessels for KoPT Dredging Corporation of India (DCI) will acquire new dredging vessels to conduct offshore dredging in the riverine channels of Haldia under the Kolkata Port Trust despite the fact that dredging revenue from KoPT is on a decline because of lower maintenance dredging. By: Indronil Roychowdhury Dredging Corporation of India kopt deal, Dredging Corporation of India kopt agreement, Dredging Corporation of India kopt trade ties Almost 55% of DCI’s revenue derived from KoPT’s dredging, which started declining after KoPT opted ship’s movement using the Eden Channel instead of the Auckland channel. Dredging Corporation of India (DCI) will acquire new dredging vessels to conduct offshore dredging in the riverine channels of Haldia under the Kolkata Port Trust despite the fact that dredging revenue from KoPT is on a decline because of lower maintenance dredging. Almost 55% of DCI’s revenue derived from KoPT’s dredging, which started declining after KoPT opted ship’s movement using the Eden Channel instead of the Auckland channel. DCI has decided to procure a new dredger for KoPT to save on time and operational cost. KoPT’s newly- appointed chairman Vinit Kumar said as of now DCI dredgers pick up silt from the river bed and carry it up to the Nayachar island to dispose it. Earlier, the dredged materials were disposed out of the shipping channels into the river only for which the

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dredged materials flowed back to the channels with the tide. Therefore, there was no depth guarantee achieved. Later, KoPT started offshore dredging and disposed the dredged material to the nearby Nayachar island. Kumar told FE that cutting the silt from the river bed and then carrying it to the Nayachar island for disposing takes around 2 hours. So, DCI has planned of acquiring a new dredger, which would cut the silt and dispose it through a pipeline. The dredger would cost DCI around Rs 515 crore. IIT Chennai was conducting a study to lay a pipe between the dredger and Nayachar, Kumar said. However, this would have no financial impact on KoPT since KoPT paid DCI on the basis of depth achieved. Prior to 2014, DCI was the only dredging company nominated by the shipping ministry for servicing the port. Post 2014, the nomination process ceased to exist and KoPT opted for competitive bidding. DCI used to dredge 24 million cubic metre (mcm) per year by deploying six dredgers at Jellingham, Auckland bars. Boston Consulting Group suggested KoPT to shift the dredging from Auckland channel to Eden channel. This reduced the port’s annual dredging cost by Rs 150 crore. Under the new contract, maintenance dredging has been reduced to about 8 mcm per year by deploying three dredgers, for which dredging revenues have been subdued. Coupled with that constant pressures from the centre on the KoPT to reduce dredging cost has been the principle driver to lower dredging. KoPT’s dredging subsidy reduced from a level of Rs 400 crore in FY 10 to Rs 260 crore in FY15. This further reduced to Rs 162 crore in FY 17, although KoPT incurred an expenditure of Rs 382 crore. In the current fiscal, the cost of dredging is expected to be Rs 372 crore but the shipping ministry has so far provided only Rs 164 crore, which is likely to touch Rs 180 crore this fiscal, Kumar said, adding, “ a higher subsidy enables us to save on cost and put the money into other infrastructure development.” Source: Financial Express

The CRUISE EUROPA moored in Valetta – Malta Photo : Mario Schembri © Cuban government claims more tourists visiting island than ever before Street vendors say fewer Americans coming to island By Hatzel Vela

The Cuban government claims more tourists than ever are now visiting the island, including Americans.

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But Local 10 News reporter Hatzel Vela is getting a different story from people on the streets of Havana. The government says the 4 million people who have visited the island this year is a 23 percent increase over the number last year. Government officials are touting the number as important despite the challenges the country faced primarily after Hurricane Irma, which left behind a path of devastation along Cuba's central northern coast

The Cuban government reopened Cayo Santa Maria, Cayo Coco and Cayo Guillermo on Nov 1. As for American tourists, the Cuban government says they have seen a 150 percent increase in visitors. But that number doesn't jibe with the comments of tourism workers in the streets, who say American visitors are scarce these days. "You don't see many of them," one man said, who Vela found in Old Havana, making sculptures out of palm trees. In the first six months of this year, Cuba says tourism has brought in $1.5 billion -- a 9 percent increase compared to last year. We're also learning cruise ship companies may be taking more risks when it comes to Cuba. The U.S.-Cuba Trade and Economic Council reports the three largest U.S. cruise ship lines have added more sailings to Cuba. "The cruise lines are absolutely focusing on what they do best, which is group travel, and that's where they're making their play," U.S.-Cuba Trade and Economic Council president John Kavulich said. Norwegian, Carnival and Royal Caribbean -- all Miami-based cruise lines -- could deliver close to half a million passengers annually to Cuba, which is about 286 sailings. Source: local10

The FAST WIL navigating the Schelde near Antwerp passing the Petrolpier Photo : Piet Dubbeldam © Bibby carries out decom project in Gulf of Mexico for Shell Bibby Offshore’s Houston-based division, Bibby Subsea, has completed a contract with Shell Pipeline, a subsidiary of Shell Oil US. Bibby said on Monday that, through an alliance with US diving company Aqueos Corporation, it completed a subsea decommissioning project in the Gulf of Mexico utilizing its diving support vessel Bibby Sapphire. The company added that the Bibby Sapphire was equipped with an SMD Quasar work class ROV to disconnect a previously decommissioned eight-inch oil export pipeline from a hot tap tee installed on the Amberjack Pipeline During the 16-day campaign, Bibby also removed the connecting subsea tie-in assembly, 353ft below sea level. Fraser Moonie, Bibby Subsea president and managing director, said: “Securing this contract was a direct result of our strategic alliance with Aqueos, and we are delighted to have been selected to execute this project; it is an example of the commitment and capability that the teams possess, and builds on completed work from earlier this year. “It reinforces Bibby Offshore’s successful and long-standing track record with the leading international oil company, in a highly competitive marketplace.” Source : offshoreenergytoday. Euronav sinks into the red amid 'challenging' freight market The independent tanker company recorded a net loss of $28.1 million or the third quarter of 2016 due primarily to an oversupply of tonnage coupled with new vessel deliveries, according to Euronav's most recent financial statements. BY HAILEY DESORMEAUX Independent tanker company Euronav NV posted a net loss of $28.1 million for the third quarter of 2017 amid headwinds from a "challenging freight market," fueled by the oversupply of tonnage and new vessel deliveries, according to the company's most

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recent financial statement. By comparison, Euronav recorded a net profit of $0.1 million during last year’s third quarter. For the first nine months of 2017, Euronav recorded a net loss of $18 million, compared to a net profit of $153.8 million for the corresponding 2016 period, while revenues sank 26.5 percent to $395.4 million. On Oct. 23, the $150 million unsecured bond launched back in May was listed on the Oslo Stock Exchange. “Freight rates remained under sustained pressure in both the VLCC and Suezmax sectors during Q3 - particularly in August as seasonally low levels of cargo and new tonnage entering the market combined to drive rates to lowest levels since 2013," Euronav CEO Paddy Rodgers said of the results. “Whilst there has been an encouraging recent uptick in scrapping activity and crude demand growth continued to see upgrades during the quarter, the delivery schedule of new vessels remains elevated into late 2018.” Source : American Shipper

The BG IRELAND inbound for Rotterdam Photo : Ruud Zegwaard - http://tugfoto.blogspot.com/ - http://merchantshipsphoto.blogspot.com/ (c)

Upbeat outlook for dry bulk charter rates from 2018 onwards Drewry expects dry bulk shipping charter rates to recover from the second quarter of 2018 on the back of strengthening Asian iron ore demand, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry. For the medium and long term, Drewry holds the same views as in previous forecasts. Chinese steel production is expected to pick up pace at the end of winter, in the second quarter of next year, by which time production curbs will have relaxed. Strong infrastructure and construction activities will further strengthen steel consumption. Meanwhile, the Chinese government is closing down inefficient and highly polluting mills; this will pave the way for efficient millers to produce high quantity steel, strengthening demand for high-grade imported ore. Growing grain consumption in African and Asian countries will support grain trade. China driven Belt and Road initiative (BRI), previously known as One Belt One Road, will also drive dry bulk shipping in the long run. The Chinese government is planning to invest heavily in infrastructure development to revive the 16th century silk-route from China through Central Asia and the Middle East to Europe, extending to the maritime route linking China to Southeast Asia and East Africa by sea. The BRI would involve building new ports, roads, railways, power plants and pipelines. This highly

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ambitious project will create strong tailwinds for dry bulk shipping, taking into account the massive planned infrastructure development undertaken by the Chinese government, which can entail an expenditure of up to USD 8 trillion by 2020. On the supply side, the dry bulk fleet will grow at a moderate pace in the coming years. Improving charter rates are reviving the interest of shipowners in the newbuild market; however fleet growth will remain in check because of the thin orderbook and IMO regulations (low deliveries in the short-term and high demolition activity in the long-term). Hence, a big chunk of the orderbook will be replacement tonnage. Nonetheless, there is a downside for the short term. To tackle pollution caused by high coal consumption in the winter months, the Chinese government is planning to cut down steel production between November 2017 and March 2018. This will directly impact demand for iron ore in the short term. As per the proposed policy, the government might impose a 50% cut on existing steel production of 40 million tonnes, but this goal looks highly ambitious. “We believe a 25% cut is more achievable, in which case there would be a reduction of 20 million tonnes of steel production, which as a result, would reduce demand for iron ore. Even though iron ore demand will remain strong in other Asian countries, such as South Korea and Taiwan, we do not expect this demand to be strong enough to offset the impact of reduced demand from China,” commented Rahul Sharan, Drewry’s lead analyst for dry bulk shipping. Source: Drewry

The MAASHOLM outbound from Rotterdam – Photo : Jan Willem Monster (c) Hyundai Merchant Marine mulls orders for 20,000- TEU ships to keep up KOREAN shipping giant Hyundai Merchant Marine (HMM) is reportedly ordering 20,000-TEU ships to boost competitiveness against its larger peers, according to a South Korean news site. MTN claimed that the orders could be placed in March 2018 for delivery in 2021. By then, HMM's fleet would be increased from an aggregate of 350,000 TEU to 600,000 TEU. A spokesman for HMM told London's IHS Fairplay that the company had yet to decide on ordering newbuildings, having already ordered five big oil tankers and two 11,000-TEU ships this year. The biggest ships in the HMM fleet are 13,000 TEU. There is therefore concern that HMM could lag behind its competitors. Mid-October, HMM sold shares to raise US$614 million for newbuilding plans and recently placed firm orders for five big crude carriers, with options for another five tankers, with Daewoo Shipbuilding & Marine Engineering. The company also ordered two 11,000-TEU ships from Hanjin Heavy Industries & Construction. MTN reported that the proceeds from the share sale are expected to be partly used to finance HMM new series of newbuildings. Source : Schednet

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Dry Bulk Shipping: take good care of the recovery says BIMCO Demand:

Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In September, those gains were retained until Chinese Golden Week in early October reduced trip chartering interest, dampened demand and lowered the freight rates. Not dramatically, but noticeably. Capesize ships have (as of 26 October) been in profitable territory (above $15,300 per day) since 11 August and panamaxes likewise, since 5 September (above $10,200 per day). Handymax/supramax/ultramax owners and operators who fixed their ships after 21 August, have also seen freight rates covering, not just operational expenditures (OPEX) but also capital expenditures (CAPEX), leaving a slim return on investment. This has only happened three times- for more than two days in a row – in the past two years. Finally, the handysize segment has, for the first time since April 2014, reached a freight rate level above $9,000 per day. This ongoing recovery is still in a “fragile” state – demand has increased but so has supply. This means only a slight fundamental market improvement. The return to permanent profitable freight rates is still way off. The transport demand for dry bulk cargoes in Q1-2018 is considerably lower than the volumes transported in Q4-2017, and that’s the first hurdle to cross. Maintaining slow steaming is another prerequisite to hold onto the gains that have been achieved. At the centre of dry bulk demand, as always, is China; growing its seaborne imports of coal during the first nine months of 2017 by 18.7%, and its seaborne imports of iron ore during the first eight months, by 6.9% year-on-year. In total, this is a demand growth of 79m tonnes (27 + 52 respectively) for the two commodities year-to-date. Setting a new world record in steel production for the month of August of 74.6m tonnes, resulted in total growth of 5.6% for eight months’ production in 2017, compared with the same period last year. Another record was reached in September, when Chinese iron ore imports exceeded 100m tonnes for the first time. While this is much needed by the dry bulk shipping industry to get out of the doldrums of recent years, there may be a limit as to how far this can go. Imagine if steel production stalls, then iron ore imports are likely only to grow at the expense of domestically mined ore. BIMCO calculates that substitution of low-quality, domestically mined iron ore in China, for imported high-quality iron ore from Brazil or Australia, would have increased imports by 17m tonnes per month in the first eight months of 2017. Regardless of recent reports, about one in three Chinese iron ore mines being at risk of losing their mining licenses due to environmental issues, the output from Chinese iron ore mines is still up by 5% in the first eight months, year-on-year. One of the key risk elements in the equation is actual steel consumption in China. In addition to the strong growth that we have seen into China, US coal exports have certainly added to the panamax and capesize demand in the Atlantic since Q4 2016. From November 2016 to July 2017, we have seen a monthly average of 6.4m tonnes of coal being exported from the US to a vast number of destinations like Japan, Egypt, Turkey, South Korea, China, Guatemala, India, Spain and Morocco. This is up by 61% versus the same nine months of the year before. Key export ports, mostly on the Atlantic side, are Hampton Roads and Baltimore, where panamax and capesize ships are used to export 60% of the total volume. In the US Gulf, Mobile dominates exports with shipments of coal in panamax. On the Pacific side, US coal exports are handled via Vancouver. The total tonne miles adjusted demand growth rate in 2017, is forecast to be 3.9%, the highest in three years. Supply:

The delivery pace has reduced significantly since H1-2017, but so has demolition activity. During H1-2017, 28m DWT was delivered, while 8.5m DWT was demolished. Whereas Q3-2017 has seen only 6m DWT delivered, and 3.6m DWT permanently leaving the active fleet. Demolition of handymax tonnage, has been dominant this year – a natural reaction from owners operating in that segment, which has seen fleet growth around 5% pa for some time now, clearly outpacing all the other dry bulk segments Contracting activity for the year so far, has as expected, gone up from the extraordinarily low levels that we experienced in 2016. While Q1 2017 was still quiet in terms of actual orders, newbuild interest was growing in the background. The larger segments are popular. Panamax and very large ore carriers (VLOC) account for 15 out of the 17m DWT ordered in total, year- to- date (until 2 October). It’s worth noting that many of the VLOCs have been ordered against a long-term charter, most likely replacing existing long-term chartered VLOCs when they are retired. Later in October, another 5 VLOCs were ordered. For the first nine months of the year, the dry bulk fleet has grown by 2.7%, already a three-year high. BIMCO expects the fleet will end up growing by 3.1% to 16m DWT as demolition expectations are lower than the previously anticipated 19m DWT.

In the future, expected fleet growth remains quite low based on the ships on order now – and does not include orders not yet placed. 2018 could see the fleet grow by less than 1%.

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Outlook:

Should we look no further than China when it comes to dry bulk market demand? No, is the short answer – at least not in relation to steel production ingredients – iron ore and coking coal. In 2008, global iron ore imports were at 841m tonnes, out of which China took 436m tonnes (52%). In 2017, the global seaborne market is at 1,478m tonnes, out of which China takes 1,075m tonnes (73%). For thermal coal, a few other nations are worth taking note of, in addition to China. Those are India, South Korea and Malaysia. Additionally, the US seems to have re-established itself as an option in the seaborne coking coal market, providing long distance voyages into Asia. Ever since the outbreak of the global financial crisis in 2008, the dry bulk market has only had one growth area: Asia. All other regions of the world contribute with steady or declining imports. Note that European imports of: • Iron ore are down from 140m tonnes in 2008 to 117m tonnes in 2017 • Coking coal are down from 59m tonnes in 2008 to 46m tonnes in 2017 • Thermal coal are down from 156m tonnes in 2008 to 128m tonnes in 2017. For the current time and Q4 2017, selected seaborne trades from major exporters including iron ore, coal, grains, soya and steel products are expected to grow by 3.4% from Q3 2017 (source: SSY). Whereas, grain peaks in Q1 and Q3, and soya in Q2, the seaborne trading of steel products, coking coal, thermal coal and iron ore will all peak in Q4. After a bit of a downturn in the market during the first half of October (which was expected), demand lifted freight rates again. It’s time to make the most of it, before seasonal low demand in Q1-2018 get the upper hand and push freight rates down. Source: Peter Sand, Chief Shipping Analyst; BIMCO Cyber-attack impact hangs over Maersk’s Q3 earnings By : Greg Knowler,

The MAERSK PALERMO inbound for Antwerp Photo : Wlllem Kruit (c) Maersk Line will first have to factor in an up to $300 million loss from its July cyber attack before joining peers in celebrating the strong growth in peak season volume and revenue when the Danish carrier reports its third-quarter results tomorrow. The results will reflect the financial damage inflicted by the late-July cyber breach, and it remains to be seen whether the impact will be enough to offset the profitability earned from strong volume on key east-west trades. The NotPetya virus forced Maersk Group to shut down all its communications with customers and within the company, affecting the carrier, APM Terminals, and forwarding arm Damco. It was several weeks before business was back to normal, and the loss of business was estimated to have been as high as USD300 million. But encouraging for the carrier, which reported a second-quarter profit of $339 million, is the solid results of its peers such as OOCL, which posted a 26.5 percent year-over-year increase in revenue to $1.45 billion, with total volumes growing by 5 percent to 1.6 million TEU. Unsurprisingly, out of the major east-west trades, the one that stood out was Asia-Europe, and by some measure. Compared with the third quarter of last year, OOCL volume carried on the trade increased by almost 25 percent to 297,897 TEU. According to Container Trades Statistics, total European imported volume grew by 4 percent in the first eight months of 2017 compared with the same period in 2016. More than half of all containers imported into Europe were from Asia, with volume growing by 5.4 percent from January to August. The strong demand on Asia-Europe has not been seen since the frantic restocking in 2010 after retailers ran down inventory following the global financial crisis. Maersk Line is a solid performer on this trade and its scale will certainly be reflected in the third-quarter volume figures. The trans-Pacific trade, another area where Maersk Line has a solid presence, also saw volume increases that

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have driven up container throughput at US ports to record levels in some cases. Container trade at the Port of Savannah grew by 32 percent in October, with Garden City Terminal moving 410,000 TEU, an increase of nearly 100,000 TEU year on year. It was the first time in the port's history that it topped 400,000 TEU in a single month. For the fiscal year to date (July 1 to Oct. 31), Savannah handled 1.42 million TEU, up by 12.3 percent. The Port of Charleston handled 7 percent more containers from January to August at 1.1 million TEU, according to PIERS, a sister product of JOC.com. Asian container volume through the Port of Jacksonville jumped 19 percent in the last 12 months ending in September to more than 1 million TEU. Container shipping analyst Alphaliner said global container throughput growth was on track to exceed 6 percent in 2017, and which is expected to lift the TEU-to-GDP multiplier to 1.7 times global GDP growth, reversing the recent downward trend that has seen the multiplier drop to below 1 in the previous two years. Following Maersk Line’s good second quarter, the joint Maersk Group and Line chief executive, Soren Skou, said that after using the price war in 2016 to build up his carrier’s market share, the strategy employed in the second quarter was to maintain a profitable business rather than trying to capture more of the market The approach saw the carrier’s second-quarter container volumes rising just 1.6 percent while average revenue per FEU shot up 21 percent to $2,086 per FEU, so it appears to have been successful. But the third-quarter peak season period was characterised by rising volume and falling freight rates on Asia-Europe and the trans-Pacific, a curious phenomenon that suggests the chase for market share is still going on and that Maersk Line will have no option but to participate. However, other explanations for the high volume-low rate phenomenon have been put forward. One is that when volume began to pick up the carriers brought in extra loaders that quickly added to the structural overcapacity and eroded rates. A series of rate increases on the key trades were ignored by the market and rates declined instead. Another explanation, this one suggested by BIMCO chief economist Peter Sand, is that to test the strength of the market, the container lines kept putting capacity into the trades until the prices began to drop. “Only by doing that can they reveal the true strength of the market,” he said. Maersk Line maintained its expectation that the transport and logistics division would see underlying profit above $1.0 billion, even after absorbing the estimated $200 million to $300 million cost of the cyber attack. In a note to customers, HSBC was positive on Maersk Group and gave three reasons: strong container industry fundamentals will support a recovery in Maersk Line’s profitability, the $600 million of targeted synergies within the transport and logistics division to be achieved by 2019, and the expected value to be created from the separation of the Energy division. Maersk agreed to sell its oil division to Total with effect from 30 June 2017. The enterprise value was $7.45 billion, consisting of 97.5 million Total shares worth $4.95 billion at the time of the announcement and the assumption of $2.5 billion of debt. Source : The Journal Of Commerce

24-hour strike to halt pilot vessel at Ports of Jackson, Botany Nov 8 AUSTRALIA’s Port Authority of New South Wales has announced that members of the Maritime Union of Australia (MUA) working on board pilot cutters operated by the port authority in port Jackson and port Botany will hold a 24-hour work strike on Wednesday November 8 from 6 a.m. The strike by the MUA will suspend the use of the pilot vessels to embark and disembark pilots in port Jackson and port Botany, affecting the movement of containerships. The stoppage comes amid a gridlock in negotiations between the port authority and the Australian Maritime Officers Union (AMOU) and the MUA over a replacement Enterprise Agreement for its Sydney workforce. The talks have been ongoing since February. “Unfortunately, these negotiations continue to remain difficult to finalise as the unions are maintaining a position which seeks employment guarantees that port authority is unable to provide,?the port authority said, reported GAC Hot Port News The MUA have agreed to exempt a number of functions from any industrial action including: watch keeping at sea; fire rounds; port security watches; safety drills; product tanker and crude oil tanker vessels; all dealings with emergency equipment; and all safety and emergency related issues. Emergency response, vessel traffic services and other port officer functions (other than pilot cutter movements) will be required to continue as normal during the work stoppage. Source : Schednet

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The ROLLDOCK SUN seen discharging the 2 SHELL modules loaded in China alongside at the Mammoet premises in Schiedam Photo Rolldock (c) SBM Offshore hit by rising bill for corruption cases By : Toby Sterling Marine engineering group SBM Offshore (SBMO.AS) said a Brazilian investigation into its role in corruption cases had not been resolved and set aside an additional $238 million provision on Monday to cover costs from an unexpected U.S. inquiry. The Dutch company has also been forced to suspend its involvement in tenders with Brazilian oil company Petrobras (PETR4.SA), a major customer. Shares fell 10 percent to 13.96 euros at 0930 GMT, wiping out gains made this year when investors believed the builder of floating oil and gas platforms had settled the issue. Morgan Stanley analysts flagged that the new $238 million provision “compares to consensus 2017 net income estimate of $157 million.” SBM paid $240 million to Dutch authorities in 2014 to settle the Latin American bribery case and had set aside another $280 million last year to settle related issues in Brazil. But it announced on that Monday the Brazilian case remained unresolved. It also said it had taken an additional $238 million provision ahead of a settlement with U.S. authorities, both for the Brazil investigation and an separate investigation into its dealings with Monaco-based Unaoil. Chief Compliance Officer Erik Lagendijk said a prospective settlement with the U.S. Department of Justice would settle issues there “for ever and a day.” Lagendijk said in a statement that since 2012 SBM had “completely changed its business model and ways of working.” “Although it appears that the company can likely reach a resolution with the DoJ (U.S. Department of Justice) and thus make an important step towards closure of the past ... no global solution to bring finality is currently available,” he said. Chief Financial Officer Douglas Wood said the company has enough cash on hand to pay U.S. authorities once a settlement deal is finalised, but it would only detail implications for shareholders and dividends later.

The company said earlier this year it was cleared to do business in the country and that it was participating in two tenders, leading to a major re-rating of shares. Brazil previously represented 60 percent of its business. On Monday it said those tenders had been moth-balled, and until a settlement is reached it will not participate in further tenders for Petrobras. The company offered a detailed explanation of its legal situation in Brazil where the courts have challenged aspects of its settlement agreements and it has no guarantee that any settlement would actually cap its liabilities The company did not set aside any new provision for Brazil. In the 2014 settlement, Dutch prosecutors said payments made with the cooperation of SBM employees constituted “the indictable offence of bribery.” That settlement precluded the company and its officials from being prosecuted in the Netherlands, but did not rule out the possibility they could be indicted elsewhere. SBM said in Monday’s statement that “individuals” and former executives could still be prosecuted. SBM was due to report third quarter earnings on Wednesday.(Today) Source : Reuters Reporting by Toby Sterling; Editing by Mark Potter and Keith Weir

Typhoon death toll in Vietnam climbs to 44 A powerful typhoon that rocked Vietnam has killed at least 44 people, left more than a dozen missing and caused extensive damage to the country's south-central region ahead of a summit that will draw leaders from around the world, the government said Monday. The Vietnam Disaster Management Authority said in a statement that widespread flooding was reported in the region and more than 116,000 homes have been destroyed or damaged. In addition to the dead, 19 people are missing, including nine crew members of cargo ships that sank off the coast of Khanh Hoa province. Nearly 230 cargo and fishing ships and boats sank, more than 1,000 houses, destroyed, mainly in central Khanh Hoa province, damaged or ripped roofs of over

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43,000 others, and caused blackout in many central and central highlands provinces. Typhoon Damrey hit Saturday and had already dissipated, but the disaster agency said flooding may get worse as heavy rain was forecast for the region. The area hit includes Danang, which is hosting an economic summit on November 6 to 11 that will be attended by US President Donald Trump, Russian President Vladimir Putin, Chinese President Xi Jinping and other leaders. Many of the banners and posters for the Asia-Pacific Economic Cooperation (Apec) summit in Danang were damaged, but were fixed by Monday. There was only light rainfall in the city on Monday. A half-hour drive away in the ancient town of Hoi An, where spouses of the Apec leaders were scheduled to visit, residents said they were suffering from the worst floods in decades. "Our family of six members has to live on the second floor, where we had to move all our belongings," said Nguyen Thi Hong, 70, who has been selling silk products in the town for the past 30 years. "Life was very difficult because there was no electricity and we have to use boats to get around." Shops in Hoi An, a Unesco world heritage site popular with tourists, were closed and boats were the only means of transportation in many flooded parts of the town. "We're facing a major threat in all the affected areas, all the lakes and rivers are full," Minister for Agriculture and Rural Development Nguyen Xuan Cuong said at an emergency meeting on Sunday, according to state-controlled VNExpress. He said flood levels were close to surpassing records set in 1997. Restaurants and hotels in Hoi An were inundated with water and tourists were evacuated from hotels on boats. "It's reached places in Hoi An that it hasn't reached in years," Peter Kahl, 53, a restaurant owner in Hoi An, said. No word There has been no word yet on whether the visit of the spouses of world leaders will go ahead. "If anyone from Apec comes to see (Hoi An) and sees the condition it's in at the moment -- it's dreadful," Hoi An resident Andrew Lambie said, as a river snake swam past his home. Danang was mostly spared from the storm's destruction, with reports of heavy rain and high winds but no major flooding. Vietnam has been battered by a series of storms this year. Flooding and landslides in northern and central regions killed more than 70 people last month. In September, Typhoon Doksuri tore through central Vietnam, killing 11 people and decimating communities across several provinces. The country has reported at least 240 people dead or missing in floods and landslides since the beginning of the year. Natural disasters have killed more than 13,000 people and caused more than $6.4 billion in property damage over the past 20 years in Vietnam, according to the World Bank. Source: AP/AFP/PNA/Xinhua

Wärtsilä introduces an innovative pre-swirl stator to improve fuel efficiency The new Wärtsilä EnergoFlow is an energy saving solution that will return ship operators' investment in less than two years. By reducing the power losses which occur in the propeller's slipstream with an optimised inflow, Wärtsilä's solution improves fuel efficiency by up to 10 percent. The technology group Wärtsilä launches the newest solution in its propulsion efficiency portfolio during November. The product will be introduced at the Europort event in Rotterdam, the Netherlands, on Tuesday, November 7. The next-generation pre-swirl stator is the result of years of research and experimentation with hydrodynamics, energy-

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saving propulsion efficiency concepts and pre-swirl models by Wärtsilä's R&D experts. The Wärtsilä EnergoFlow's design guides one side of the stern flow in the opposite direction of the propeller rotation. The stator's multiple fins, which are attached to the ship's hull, optimise the flow into the propeller and prevent power losses. The curved fins minimise the viscous resistance while the ring connecting the fins at their tips decreases the peak stress of each fin.Increased operational efficiency and environmental responsibility CLICK HERE Cutting fuel costs is a high priority for ship operators. With the Wärtsilä EnergoFlow, it is possible to achieve fuel savings of up to 10 percent. This efficiency boost reduces fuel consumption and thereby lowers operating costs. "Wärtsilä's solution enables the accurate directing of the pre-swirl flow. This in turn supports our customers in their fuel saving efforts by lowering resistance," says Tamara de Gruyter, Vice President, Propulsion System Services. "As the result of increased propulsive efficiency and subsequent energy savings, Wärtsilä EnergoFlow reduces the emissions of ships. Investments in energy-efficient solutions ensure cost savings, compliance with maritime regulations and reduced environmental footprint." The impact of the Wärtsilä EnergoFlow on fuel consumption is the largest on bulk carriers, tankers, and other full form vessels. Bulk carriers, for instance, can see fuel savings in the 10 percent range. Regardless of ship type, the Wärtsilä EnergoFlow pays for itself within 1-2 years of operation. The Wärtsilä EnergoFlow is developed with an extra focus on the services market. Market leader of innovative integrated towing, mooring and berthing systems compliant with ISO 9001:2015! Mampaey Offshore Industries provides state-of-the-art towing, mooring and berthing solutions and integrated information systems. Mampaey Offshore Industries is the global market leader in the design, engineering, manufacturing and commissioning of berthing-, mooring- and towing systems. Over the years Mampaey’s dedication to serve customers has resulted in several maritime innovations that have driven the new standards in the towing and mooring industry. The developments have contributed continuously expanding in the global customer base. Mampaey Offshore Industries products are designed and manufactured to safely withstand the toughest mechanical and environmental conditions. Now, today with our up-to-date, user friendly Quality Management System, we are ready for the next steps within our organisation and towards our clients commented Managing Director Gerard Mampaey. QMS BV, known in the market for no-nonsense engineering of Quality Management Systems, worked along the way with the team of Mampaey to achieve this milestone. Its very very impressive what Mampaey innovates, creates and distributes all of the world. Their berthing, mooring and towing systems are second-to-none, something to be proud off and raised at Dutch grounds; added Ger Quist, owner QMS BV.

IJmuiden; Regio bijeenkomst Nederlandse Vuurtoren Vereniging. De Nederlandse vuurtoren vereniging organiseert op zaterdag 11 november 2017 voor de 5e keer een regio bijeenkomst in het Zee- en Havenmuseum, Havenkade 55, 1973 AK te IJmuiden van 10.30 tot 15.00 uur. De toegang is gratis voor iedereen die interesse heeft in vuurtorens, o.a. op postzegels, ansichtkaarten, foto’s, boeken, techniek, enz… U bent van harte welkom. Info; [email protected] of telefoon 0251-232054

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CASUALTY REPORTING

Iranian box ship veers off to starboard and rams HK's Magazine Island THE 4947-TEU Iranian-flagged container ship Touska suddenly turned in Hong Kong's the East Lamma Channel Sunday afternoon and mysteriously rammed sliver-like Magazine Island, once the site of the territories explosives depot The ship crashed into eastern tip of Magazine Island, off South Horizon, Hong Kong. Residents of South Horizon were alerted by crashing noise, watching sparks from bow's collision with ground. According to residents, there may be fire on board of Touska, reported the Maritime Bulletin, a marine casualty specialist. "There was the smell of something burning in the air," said the report. At the time of collision the ship was moving at high speed, some 7.5 knots and proceeding towards Hong Kong Harbour, but suddenly turned hard a starboard and crashed into island. Magazine Island with its lighthouse, also has a Grade III Historic Building. It was built by the British Dynamite Company, which later became Nobel's Explosives Company, and was once the largest private explosives depot in Hong Kong. In 1908, the government did not renew the company's contract and the magazine was closed and the magazine works were moved to Green Island. Source: Schednet NAVY NEWS

HMCS Frigate TORONTO slips past Portuguese Cove in foggy rainy wet weather, Photo: René Serrao, Portuguese Cove, NS. (c)

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Australian-built patrol boats find regional home East Timor is to take two of the new Pacific Patrol Boats, which will lift total production up to 21. These new ships are being be produced by West Australian shipbuilder Austal and are called the Guardian Class. The keel for the first was laid in July. Prime Minister Malcolm Turnbull announced the additional two vessels during the visit of East Timorese Prime Minister Mari Alkatiri to Perth at the weekend, where they attended the Asia-Pacific Regional Conference. Prime Minister Alkatiri earlier visited the Austal yard at Henderson, outside Perth. In bilateral talks, the two prime ministers discussed the Australia-East Timor relationship and regional security. Prime Minister Turnbull said maritime security remained a high priority for both countries. “Prime Minister Alkatiri has agreed to Australia’s offer to provide Timor-Leste with two new Guardian Class Patrol Boats, packaged with long-term training, advisory, maintenance, infrastructure and other support,” he said. Austal welcomed the announcement. Chief executive David Singleton said the Pacific Patrol Boat program was intended to aid regional security in the south Pacific. Helping East Timor secure its maritime border was an example of defence diplomacy fostering close relations between countries in the Asia-Pacific region. “The first of the current order of Guardian Class patrol boats is already well into its construction phase and is running on time and on budget. Handover of the first vessel is projected to be in the third quarter of CY 2018,” he said. “The Guardian Class patrol boat project at Austal is supporting 200 direct jobs and a further 200 indirect jobs in the broader industry. This is in addition to several hundred more jobs supported by a large commercial export ship currently being built in the Henderson yard.” Singleton said Austal was working on other export opportunities for Guardian Class patrol boats to help sustain Australian shipbuilding, which has already delivered more than 40 patrol boats to international customers. Austal was awarded the Pacific Patrol Boat contract in May 2016. It is worth $305 million for the original 19 vessels and associated in-service support. The 39.5-metre, steel-hulled Guardians will be delivered to 13 nations from late 2018 as part of Australia’s $2 billion commitment to regional maritime security through the Pacific Maritime Security Program. Based on the current build schedules, delivery of the two vessels for East Timor will occur in June and September 2023. The original Pacific Patrol Boat Program was launched in the mid-1980s with 22 vessels donated to 12 regional nations for use by their militaries, coast guards or police forces for border security, disaster relief and fisheries protection The vessels were built by Australian Shipbuilding Industries and delivered between 1987 and 1997, but are now reaching end of life. Source: defenceconnect

The Canadian frigate, HMCS VANCOUVER shown in English Bay on approach to her namesake city, Vancouver. Photo: Ian M. Hedley (c) First upgraded Borei-class submarine ready for launch 50 years after the Northern Fleet got its first ballistic missile submarine, Sevmash yard in Severodvinsk floats out its latest pride. KNYAZ VLADIMIR will be Russia’s most advanced ballistic missile submarine. By Thomas Nilsen This week marks the 50 years anniversary since the Soviet navy’s first ballistic missile submarine (SSBN) was commissioned. The K-137 Yankee class, the first to be comparable with the U.S. Navy’s Polaris SSBNs, was cleared from the naval yard in Severodvinsk on November 5th and started to sail for the Northern fleet on November 6th 1967. With 34 of the Yankee class commissioned between 1967 and 1974, and additional 43 of the follow-up classes Delta-I to Delta-IV built between 1973 and 1990, the vessels became the world’s most numerous submarine design carrying ballistic nuclear missiles. There are still some few Delta-III submarines sailing for the Pacific Fleet and six Delta-IV submarines sailing for the Northern Fleet. All Delta-IV subs are based in Gadzhieyevo on the Barents Sea coast of the Kola Peninsula. In a longer interview with the military newspaper Krasnaya Zvezda (Red Star), Navy Commander Admiral Vladimir Korolyov last week informed that the forth of the new Borei-

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class submarine, named KNYAZ VLADIMIR (Prince Vladimir) will be put on water from the dock at Sevmash yard later in November. KNYAZ VLADIMIR is the first of the upgraded Borei-class, named Project 955A in Russia. Little information is available regarding what constitutes the difference with the previous three Borei subs. The submarine will start sailing for the navy in 2018. With four Borei-class submarines on the water, and anther four still under construction, the vessels will gradually replace the Delta-III subs in the Pacific fleet. For the Northern Fleet, though, it is expected that the Delta-IV class submarines will be in active service for another 10 to 15 years alongside the new Borei submariens. While the Delta-IV class vessels carry Sineva missiels with liquid fuel, the Borei-class vessels carry the new Bulava ballistic missiles with solid fuel and more advanced independently maneuverable warheads. Source: thebarentsobserver SHIPYARD NEWS

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Korea’s Three Shipbuilders Post Positive Earnings This Year Photo: Jung Min-hee South Korea’s top three shipbuilders posted positive earnings in the third quarter again. As not only Hyundai Heavy Industries and Samsung Heavy Industries but also Daewoo Shipbuilding and Marine Engineering (DSME) turned into a surplus this year, all three companies made operating profits for the first time in five years since 2012. According to shipbuilding industry sources on November 5, Hyundai Heavy Industries, which announced its Q3 results on the 1st, posted 3.8 trillion won (US$3.41 billion) in sales and 93.5 billion won (US$83.71 million) in operating profit. Samsung Heavy Industries is expected to record 1.78 trillion won (US$1.59 billion) in sales and 32.4 billion won (US$29 million) in operating profit in the third quarter. DSME is also expected to post 2.7 trillion won (US$2.42 billion) in sales and 125.4 billion won (US$112.26 million) in operating profit. However, all three companies saw their operating profits decrease rapidly compared to the previous quarter. This is because they failed to win any orders in the past one and two years and it adversely affected the Q3 results. An official from the shipbuilding industry said, “This year’s third and fourth quarters will be the most difficult time due to a lack of orders.” The number of orders received by the companies is increasing but it takes more than six months to design ships after obtaining orders. When a company recently wins an order, workers can actually build ships at docks next year.However, an increasing number of orders is a good sign. The cumulative orders won by the three companies from January to September this year stood at 15.93 million CGTs, or 573 vessels, up nearly 63 percent from 9.79 million CGTs, or 438 ships, a year earlier. By country, China ranked first with cumulative orders won of 5.09 million CGTs, or 217 vessels, from January to September this year, followed by South Korea with 5.4 million CGTs, or 133 ships. There is a large gap with Japan with cumulative orders of 1.47 million CGTs, or 76 ships.

In particular, three shipbuilders affiliated from Hyundai Heavy Industries Group won US$6.7 billion (7.49 trillion won) orders to build a total of 110 vessels as of the end of October, achieving 90 percent of its goal. Hyundai Heavy Industries is planning to make every effort to win more orders by the end of this year and accomplish the total amount of orders surpassing US$9 billion to 10 billion (10.06 trillion won to 11.18 trillion won). In addition, the company announced its plan at the Q3 performance conference call to set up its new order goal of more than US$10 billion (11.18 trillion won) next year again. The figure is US$2.5 billion (2.79 trillion won) higher than that of this year. Hyundai Heavy Industries initially set up its new ship order target at US$7.5 billion (8.39 trillion won).

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mv GOLDEN ALASKA docked at Vancouver Drydock Company on 06 November 2017 Photo : Ad Bertens © Damen Contracts Taylor Bros for Icebreaker Barges Damen Schelde Naval Shipbuilding (DSNS) has selected Taylor Bros of Tasmania to supply two high powered Antarctic landing barges for Australia’s new icebreaker, the RSV NUYINA.

Damen is building the vessel at its yard, Damen Shipyards Galati, in Romania for the Australian Antarctic Division (AAD). The vessel will be operated by DMS Maritime, a wholly owned subsidiary of Serco, and is an integral part of the AAD’s research program in Antarctica and the Southern Ocean.

The signing ceremony was attended by the Tasmanian Minister for State Growth, Mr. Peter Gutwein and Damen Australia Project Director, Magiel Venema. During the event, a number of other regional projects were discussed, including the Sea 1180 Program, for which Damen is in the running. This project will see a new fleet of Offshore Patrol Vessels built for the Royal Australian Navy.

Roland Briene, Damen Area Director Asia Pacific, said of the barge contract award: “This contract with Taylor Bros demonstrates Damen’s strong conviction in the maxim ‘think global, act local’. Wherever we operate in the world we work closely with local suppliers and service providers, participating in knowledge sharing initiatives that work in the interests of all parties. Taylor Bros was a natural choice for this contract, having delivered a number of projects to the AAD previously. Tasmania in general has an excellent reputation for being one of the most effective manufacturing, supply and support bases for Antarctic research.” The barges, which are being

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designed, engineered and built locally, by local workers, will carry 45.5 tonne trucks from ship to shore on a continuous basis, giving the new icebreaker an unprecedented capability for unloading and reloading. The construction process of the barges will complete in 2020, when the RSV NUYINA. begins her operations, replacing the current vessel, the AURORA AUSTRALIS.

The RSV NUYINA.represents a state-of-the-art solution that will facilitate Australia’s wider exploration of Antarctica and the Southern Ocean.

The vessel will be 156 metres in length, with a beam of 25.6 metres. She will be able to break ice up to 1.65 metres at speeds of 3 knots and will supply Australia’s research stations in Antarctica and Macquarie Island with cargo, equipment and personnel. With a 500m2 laboratory and office facilities, the vessel will also serve to conduct research activities. The RSV NUYINA will host up to 32 DMS Maritime crew and as many as 116 AAD scientific personnel, plus a doctor, in climate controlled accommodation. The AAD’s operations in the region aim at the advancement of Australia’s scientific, strategic, environmental and economic interests in the region and focuses on stewardship, climate research and the study of terrestrial and marine eco- systems. Source : Marinelink Guangzhou Shipyard Shows Off Cruise Concept A new mid-size cruise vessel concept from Guangzhou Shipyard International, a subsidiary of China State Shipbuilding Corporation (CSSC), is on display this week at China Cruise Shipping in Sanya, China. The mid- size vessel is a concept project for the yard, while CSSC is already heavily involved in leading the cruise ship building picture in China, with two Vista-class ships on order in a deal involving Carnival Corporation for deliveries in 2023 and 2024. CSSC is moving at full force in the shipbuilding market, not only with its partnership with Fincantieri and Carnival, but on the supply chain and engineering side. The yard is concurrently offering a modular cabin system aimed at cruise orders. In addition the shipbuilding outfit has acquired a number of smaller suppliers to help integrate its supply chain in China. Source : cruiseindustrynews NABU investigates Poroshenko’s shipyard in corruption case By Oleg Sukhov. The National Anti-Corruption Bureau of Ukraine is investigating an embezzlement, abuse of power and forgery case into Kyiv’s Rybalsky Kuznya shipyard, which is owned by President Petro Poroshenko and his top ally and lawmaker Ihor Kononenko. Rybalsky Kuznya on Nov. 4 denied accusations of corruption and supplying overpriced equipment to the state. Kyiv’s Solomyansky Court on Oct. 18 allowed the NABU to access documents from Rybalsky Kuznya, formerly known as Leninska Kuznya, according to a court warrant published in the official court register. The Border Guard concluded a contract in 2015 to buy Triton mine-resistant ambush protected vehicles worth Hr 59 million from Rybalsky Kuznya and received four of the vehicles in 2015 to 2016. According to a 2015 decision by the Cabinet of Ministers, the Kharkiv Oblast branch of Ukraine’s Border Guard was expected to buy 34 remote weapon stations worth Hr 161.5 million, or Hr 4.75 million per station. However, de facto the price of each remote weapon station supplied by Rybalsky Kuznya amounted to Hr 14.9 million, the NABU said. The NABU also said that the vehicles supplied by Rybalsky Kuznya had not been used for their intended purposes and that they could not properly function due to their ineffectiveness. The Rybalsky Kuznia shipyard won government contracts, including military ones, worth $2.5 million in 2016 and contracts worth $560,000 in 2017, public data shows. In October the NABU arrested Ihor Pavlovsky, a deputy of Poroshenko’s protege and Defense Minister Stepan Poltorak, and three other military officials in a $5.5 million embezzlement case. The investigation involves Trade Commodity, a firm financed by businessman Andriy Adamovsky, a business partner of Poroshenko’s top ally and lawmaker Oleksandr Hranovsky. Oleh Hladkovsky, Poroshenko’s business partner and a deputy secretary of the National Security and Defense Council, said on Oct. 12 he was ready to vouch for Pavlovsky during a court hearing. Hladkovsky is linked to Cyprus-registered company HUDC Holding Limited, which sold four allegedly overpriced armored Toyota Land Cruiser V8 cars worth $428,000 to state-owned defense company SpecTechnoEksport in May. Hladkovsky’s office confirmed that he “used to have a connection to HUDC Holding Limited” but said he was not currently involved in managing it. Hladkovsky has also managed to receive several lucrative military contracts for his automaker Bohdan, which was formerly co-owned by Poroshenko. In 2016 ex-Georgian President Mikheil Saakashvili also accused Hladkovsky of covering up for an allegedly corrupt scheme to supply engines for BTR-80 armored vehicles to Ukraine’s military. Hladkovsky denies the accusations. Under the scheme, businessman Shirin Nabiyev buys BTR-80 engines at 5,725 euros per item in Moldova and later sells them to Ukraine at 15,000 euros per item, Saakashvili said. Meanwhile, Roman

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Romanov, a former Bohdan dealer and a political associate of Poroshenko, heads state defense firm Ukroboronprom. Veterans of Ukraine’s volunteer Donbas Battalion and other units on Oct. 28 said they would start a boycott and blockade of Poroshenko’s businessses, including his alleged corruption schemes. They said it was a response to Poroshenko’s failure to comply with their ultimatum for him to submit by late Oct. 27 a bill allowing presidents to be impeached, and a bill on the creation of an anti-corruption court. Demonstrators demanding an anti-corruption court have camped out and rallied in front of the Verkhovna Rada since Oct. 17, when thousands protested and set up more than 50 tents there. They also demand the lifting of lawmakers’ immunity from prosecution and a fairer electoral law. ROUTE, PORTS & SERVICES

Med Marine adds 20th tug to its fleet by Martyn Wingrove Turkish shipbuilder and vessel operator Med Marine has delivered its 20th tugboat to its own harbour fleet. MED YARMCA is a RAmparts 2500W series model designed by Robert Allan. This 25.2 m azimuthing stern drive tug has started working in Turkey’s Izmit Bay.

MED YARMCA has a beam of 12 m, a depth of 4.6 m, a centrally located engineroom and a top speed of 12 knots. Inside it has two Caterpillar CAT 3516C diesel engines that have a total output of 4,200 kW and two Caterpillar C4.4 ship service gensets that provide 172 kW of electrical power for vessel service. Two Schottel SRP1515 azimuthing thrusters with controllable pitch propellers, of 2,600 mm diameter, drive Med Yarımca and help deliver 73 tonnes of bollard pull. The tug also has a fire-fighting FiFi 1 system, which includes a diesel-driven pump that can deliver 2,600 m3/h of water to two electrically-controlled monitors, which can throw 1,200 m3/h each.

SEC GRONINGEN supplied an electric frequency-controlled anchor and towing winch and an electric frequency-controlled aft towing winch with one towing drum.

Singapore Revokes Transocean Oil's Bunker Licence Singapore's Maritime and Port Authority (MPA) said on Monday it had revoked Transocean Oil's bunker fuel supply licence in the Port of Singapore, effective immediately. MPA said it had conducted checks on Transocean in March and April as part its efforts

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to ensure the integrity of bunkering operations at the port and found "falsifications of records and discrepancies in the stock movement logbooks on board the bunker tankers" operated by the company.Transocean Oil, which was formed in 2003 and operates a fleet of thirteen bunkering barges, according to its website, was not immediately available to comment. It sold a monthly average of around 200,000 tonnes of bunker fuel in 2013. Source : Marinelink 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

Aqaba Container Terminal Nominated Finalist for Lloyd’s List HPH Environment Award Aqaba Container Terminal (ACT) - a joint venture between APM Terminals and the Aqaba Development Corporation based on a 25-year built-operate-transfer agreement signed in 2006 – recently announced being nominated as finalist for South Asia, Middle East and Africa “HPH Environment” Award for the third consecutive year. Over the years, ACT has promoted a conscious environmental friendly approach to its business operations as it grew to become the logistical and economic backbone of the Aqaba Special Economic Zone and the preferred gateway to Jordan and the Levant Region. As a result of its efforts to become more ecofriendly than ever before, ACT continues to be the only port running on the ISO 14001:2015-certified Environmental Management System (EMS) in Jordan and the first terminal in the Middle East and only the second outside of Europe to operate under the coveted EcoPort label with an effective Port Environmental Review System. Additionally, ACT was granted certification of environmental compliance with zero violations by the Aqaba Special Economic Zone Authority (ASEZA) in recognition of its work to ensure a cleaner environment for the surrounding community and the Kingdom as a whole.With a two-year JOD 135,560 investment to be used solely for environmental protection and setting related goals and monitoring them throughout the year, throughout 2016 ACT met and exceeded countless objectives related to energy consumption, greenhouse gas emissions, water usage, and waste production. Regarding energy, the terminal’s efforts taken towards installing LED lighting and establishing systems that control heavy machinery fuel consumption culminated in electricity consumption dropping by over one million kWh, constituting an 8% decrease from 2016, and fuel consumption decreasing by 9% since the previous year. Last year, the terminal also began employing a new recycling program, which resulted in reducing total generated waste by half. Through this new program, ACT was generate more than JOD 150,000 in profits by transforming waste into consumable products. Understanding the devastating effects of oil spills on the environment, ACT is trained and equipped to respond quickly on oil spills and was the first to intervene last year on a spill which occurred nearby. As a fully integrated part of ACT’s environmental strategy and to complement technical steps taken internally to mitigate its environmental impact, ACT also remains dedicated to launching and carrying out various initiatives to make sustainability a community-wide effort. Participating with leading port and terminal operators in the “Go Green” campaign, ACT carried out both a beach clean-up and dive clean-up event where waste was removed from the shores to protect the fragile ecosystem surrounding the coral reef of Aqaba. Source : albawaba. SHELL MARINE LAUNCHES NEW CYLINDER OIL FOR OPTIMISED ENGINE PERFORMANCE Shell Marine has officially launched Shell Alexia 140, a two-stroke engine cylinder oil whose exceptionally high base number aims to deliver the ultimate protection for the most modern efficient engines against cold corrosion issues and the means of optimising oil feed rates when fuel grades change. The launch follows receipt of a No Objection Letter (NOL) for commercial use of Shell Alexia 140 from MAN Diesel & Turbo and coincides with Shell Alexia 140’s acceptance into full scale operations by two major customers. Shell Alexia 140 is now available from the ports of Rotterdam, Bremerhaven, Hamburg, Antwerp, Tanjung Pelepas, Busan and Salalah. Shell Alexia 140’s wider potential was acknowledged in September 2016, when Shell Marine disclosed its selection as the first test oil for ‘ACOM’ - MAN Diesel & Turbo’s Automated Cylinder Oil Mixing process. Shell Alexia 140 joins Alexia S3 (BN25), Alexia

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S4 (BN 60), Alexia 50 (BN 70) and Alexia S6 (BN100), in a range covering fuel types from LNG to HSFO, operating regimes from full load to slow steaming, and engines of all ages. “After 18 months of exhaustive laboratory testing and field trials, we are delighted to introduce Shell Alexia 140 formally to market,” says Jan Toschka, Shell Marine Executive Director. “Its combined characteristics make it the right choice whether the owner wants to protect ultra-efficient engines against cold corrosion or optimise feed rates across vessel operating conditions.” “We welcome the always pioneering character of Shell Marine that resulted in this latest addition to its comprehensive range of two stroke engine cylinder oils,” says Panos Deligiannis Tankers, Neda Maritime Agency Technical Director. “Protecting our engines is critical, and matching the right cylinder oil with vessel operating profile and engine specific requirements is a crucial parameter for ship/engine worthiness and efficient maintenance, whatever the fuel grade being burned.” Toschka emphasises that, considering the greater need to match cylinder oil with operating environment, Shell Marine works continuously to enhance its supporting technical services. Shell Lube Monitor is a cylinder condition monitoring program with newly introduced Marine Connect software used to enhance, simplify and accelerate data management and reporting. Using operational data allows Shell’s technical experts to pinpoint the correct balance between the lowest possible feed rate and wear rate in line with OEM recommendations. In addition to Shell Lube Monitor, Shell Marine offers a vast range of technical services programmes that help to provide the means of understanding the root causes of high wear problems, which also make a critical contribution to enhancing knowledge and skill levels among ships’ crews, Toschka adds.

Houston port third quarter volume surges 11pc to 1.8 million TEU THE Port of Houston posted an 11 per cent year-on-year increase in container throughput to 1.8 million TEU in the first nine months for 2017. Overall, other general, bulk and project cargo volume at the Texas port increased nine per cent over the same period to 28.8 million tons year on year. Container throughput in September at the US Gulf coast port's Barbours Cut and Bayport facilities rose by 22 per cent year on year, reported American Shipper. "We remain confident of continued growth in the container sector, both on the import and export side, during the remainder of this year and into 2018," the port's executive director, Roger Guenther, was quoted as saying. The port was significantly impacted by Hurricane Harvey at the end of August, but terminal operations recovered quickly, Mr Guenther said. "We anticipated that we would receive most of the cargo that was initially diverted following the storm ... and we did," he said. For example, general cargo facilities handled 400,000 tons of steel, "which is a large volume as we caught up for the week or more of time lost due to the storm," he said. The port has just taken delivery of three super postpanamax quay cranes, raising the total number of same-size cranes to seven. These new cranes are part of a US$700 million modernisation programme for the Barbours Cut terminal. Houston's port commission has authorised an agreement with the Texas Department of Transportation for the construction and operation of a rail spur across Texas state highway 146 and Red Bluff Road, to facilitate a phased approach future intermodal service to the Bayport Container Terminal. An Industry Track Agreement was also approved with Union Pacific Railroad for track and switch modifications at the Bayport terminal. Construction of the spur and crossing and the track agreement support the development of phase one of the Bayport Master Rail Plan, as well as rail service to the 56-acres being developed at Bayport South, the port commission noted. Source : Schednet

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

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…. PHOTO OF THE DAY …..

SIEM STINGRAY being mobilised as W2W vessel in the port of Eemshaven Photo : Offshore Consultancy Groep ©

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