Simulation Study of the IAMSAR Standard Recovery Maneuvers for the Improvement of Serviceability
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China's Merchant Marine
“China’s Merchant Marine” A paper for the China as “Maritime Power” Conference July 28-29, 2015 CNA Conference Facility Arlington, Virginia by Dennis J. Blasko1 Introductory Note: The Central Intelligence Agency’s World Factbook defines “merchant marine” as “all ships engaged in the carriage of goods; or all commercial vessels (as opposed to all nonmilitary ships), which excludes tugs, fishing vessels, offshore oil rigs, etc.”2 At the end of 2014, the world’s merchant ship fleet consisted of over 89,000 ships.3 According to the BBC: Under international law, every merchant ship must be registered with a country, known as its flag state. That country has jurisdiction over the vessel and is responsible for inspecting that it is safe to sail and to check on the crew’s working conditions. Open registries, sometimes referred to pejoratively as flags of convenience, have been contentious from the start.4 1 Dennis J. Blasko, Lieutenant Colonel, U.S. Army (Retired), a Senior Research Fellow with CNA’s China Studies division, is a former U.S. army attaché to Beijing and Hong Kong and author of The Chinese Army Today (Routledge, 2006).The author wishes to express his sincere thanks and appreciation to Rear Admiral Michael McDevitt, U.S. Navy (Ret), for his guidance and patience in the preparation and presentation of this paper. 2 Central Intelligence Agency, “Country Comparison: Merchant Marine,” The World Factbook, https://www.cia.gov/library/publications/the-world-factbook/fields/2108.html. According to the Factbook, “DWT or dead weight tonnage is the total weight of cargo, plus bunkers, stores, etc., that a ship can carry when immersed to the appropriate load line. -
Scorpio Tankers Inc. Company Presentation June 2018
Scorpio Tankers Inc. Company Presentation June 2018 1 1 Company Overview Key Facts Fleet Profile Scorpio Tankers Inc. is the world’s largest and Owned TC/BB Chartered-In youngest product tanker company 60 • Pure product tanker play offering all asset classes • 109 owned ECO product tankers on the 50 water with an average age of 2.8 years 8 • 17 time/bareboat charters-in vessels 40 • NYSE-compliant governance and transparency, 2 listed under the ticker “STNG” • Headquartered in Monaco, incorporated in the 30 Marshall Islands and is not subject to US income tax 45 20 38 • Vessels employed in well-established Scorpio 7 pools with a track record of outperforming the market 10 14 • Merged with Navig8 Product Tankers, acquiring 27 12 ECO-spec product tankers 0 Handymax MR LR1 LR2 2 2 Company Profile Shareholders # Holder Ownership 1 Dimensional Fund Advisors 6.6% 2 Wellington Management Company 5.9% 3 Scorpio Services Holding Limited 4.5% 4 Magallanes Value Investor 4.1% 5 Bestinver Gestión 4.0% 6 BlackRock Fund Advisors 3.3% 7 Fidelity Management & Research Company 3.0% 8 Hosking Partners 3.0% 9 BNY Mellon Asset Management 3.0% 10 Monarch Alternative Capital 2.8% Market Cap ($m) Liquidity Per Day ($m pd) $1,500 $12 $10 $1,000 $8 $6 $500 $4 $2 $0 $0 Euronav Frontline Scorpio DHT Gener8 NAT Ardmore Scorpio Frontline Euronav NAT DHT Gener8 Ardmore Tankers Tankers Source: Fearnleys June 8th, 2018 3 3 Product Tankers in the Oil Supply Chain • Crude Tankers provide the marine transportation of the crude oil to the refineries. -
Weekly Market Report
GLENPOINTE CENTRE WEST, FIRST FLOOR, 500 FRANK W. BURR BOULEVARD TEANECK, NJ 07666 (201) 907-0009 September 24th 2021 / Week 38 THE VIEW FROM THE BRIDGE The Capesize chartering market is still moving up and leading the way for increased dry cargo rates across all segments. The Baltic Exchange Capesize 5TC opened the week at $53,240/day and closed out the week up $8,069 settling today at $61,309/day. The Fronthaul C9 to the Far East reached $81,775/day! Kamsarmaxes are also obtaining excellent numbers, reports of an 81,000 DWT unit obtaining $36,500/day for a trip via east coast South America with delivery in Singapore. Coal voyages from Indonesia and Australia to India are seeing $38,250/day levels and an 81,000 DWT vessel achieved $34,000/day for 4-6 months T/C. A 63,000 DWT Ultramax open Southeast Asia fixed 5-7 months in the low $40,000/day levels while a 56,000 DWT supramax fixed a trip from Turkey to West Africa at $52,000/day. An Ultramax fixed from the US Gulf to the far east in the low $50,000/day. The Handysize index BHSI rose all week and finished at a new yearly high of 1925 points. A 37,000 DWT handy fixed a trip from East coast South America with alumina to Norway for $37,000/day plus a 28,000 DWT handy fixed from Santos to Morocco with sugar at $34,000/day. A 35,000 DWT handy was fixed from Morocco to Bangladesh at $45,250/day and in the Mediterranean a 37,000 DWT handy booked a trip from Turkey to the US Gulf with an intended cargo of steels at $41,000/day. -
Ztráta Soběstačnosti ČR V Oblasti Černého Uhlí: Ohrožení Energetické Bezpečnosti? Bc. Ivo Vojáček
MASARYKOVA UNIVERZITA FAKULTA SOCIÁLNÍCH STUDIÍ Katedra mezinárodních vztahů a evropských studií Obor Mezinárodní vztahy a energetická bezpečnost Ztráta soběstačnosti ČR v oblasti černého uhlí: ohrožení energetické bezpečnosti? Diplomová práce Bc. Ivo Vojáček Vedoucí práce: PhDr. Tomáš Vlček, Ph.D. UČO: 363783 Obor: MVEB Imatrikulační ročník: 2014 Petrovice u Karviné 2016 Prohlášení o autorství práce Čestně prohlašuji, že jsem diplomovou práci na téma Ztráta soběstačnosti ČR v oblasti černého uhlí: ohrožení energetické bezpečnosti? vypracoval samostatně a výhradně s využitím zdrojů uvedených v seznamu použité literatury. V Petrovicích u Karviné, dne 22. 5. 2016 ……………………. Bc. Ivo Vojáček 2 Poděkování Na tomto místě bych rád poděkoval svému vedoucímu PhDr. Tomáši Vlčkovi, Ph.D. za ochotu, se kterou mi po celou dobu příprav práce poskytoval cenné rady a konstruktivní kritiku. Dále chci poděkovat své rodině za podporu, a zejména svým rodičům za nadlidskou trpělivost, jež se mnou měli po celou dobu studia. V neposlední řadě patří můj dík i všem mým přátelům, kteří mé studium obohatili o řadu nezapomenutelných zážitků, škoda jen, že si jich nepamatuju víc. 3 Láska zahřeje, ale uhlí je uhlí. (Autor neznámý) 4 Obsah 1 Úvod .................................................................................................................................... 7 2 Vědecká východiska práce ................................................................................................ 10 2.2 Metodologie .............................................................................................................. -
Shipping Market Review – May 2021
SHIPPING MARKET REVIEW – MAY 2021 DISCLAIMER The persons named as the authors of this report hereby certify that: (i) all of the views expressed in the research report accurately reflect the personal views of the authors on the subjects; and (ii) no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in the research report. This report has been prepared by Danish Ship Finance A/S (“DSF”). This report is provided to you for information purposes only. Whilst every effort has been taken to make the information contained herein as reliable as possible, DSF does not represent the information as accurate or complete, and it should not be relied upon as such. Any opinions expressed reflect DSF’s judgment at the time this report was prepared and are subject to change without notice. DSF will not be responsible for the consequences of reliance upon any opinion or statement contained in this report. This report is based on information obtained from sources which DSF believes to be reliable, but DSF does not represent or warrant such information’s accuracy, completeness, timeliness, merchantability or fitness for a particular purpose. The information in this report is not intended to predict actual results, and actual results may differ substantially from forecasts and estimates provided in this report. This report may not be reproduced, in whole or in part, without the prior written permission of DSF. To Non-Danish residents: The contents hereof are intended for the use of non-private customers and may not be issued or passed on to any person and/or institution without the prior written consent of DSF. -
Weekly Market Report
Weekly Market Report th Issue: Week 18 |Tuesday 11 May 2021 Market insight by Nassos Soulakis, SnP Broker Chartering (Wet: Softer / Dry: Firmer) Tanker S&P is finally back! Exceptional gains for the dry bulk owners for another week, with the Pana- For an extended period, Dry bulk & Wet market rates have been diverging, with max sector taking the lead in terms of w-o-w improvement followed by the the SnP deals on each sector more or less tracking the market trend. However, Capesize outstanding performance. Geared size rates have been on a rise as since April, this trend appears to be revoked; despite a lackluster tanker freight well. The BDI today (11/05/2021) closed at 3,254 up by 97 points compared market, tanker SnP transactions gained pace tracking the bulkers volumes. It is to previous Tuesday’s (04/05/2021) levels. Rates for the crude carrier sec- interesting to note, that older tankers units attracted the majority of SnP inter- tors remained at disappointing levels for another week with Far Eastern est, contrary to bulkers, where the majority of transactions took place for 10Y old holidays adding to the overall sluggishness of the market. The BDTI today units and younger. Record high steel prices are supporting asset values across (11/05/2021) closed at 606, an increase of 4 points, and the BCTI at 504, an the board, despite the tanker market underperforming, with owners positioning increase of 42 points compared to previous Tuesday’s (04/05/2021) levels. for a market recovery, while older units are still relatively undervalued. -
Universal Ship Measurement
Universal Ship Measurement IMSF 2011 Annual Meeting Colin Cridland, Managing Director Analysts Hong Kong, 1 June 2011 www.clarksons.com Universal Ship Measurement | IMSF 2011 Annual Meeting Disclaimer THIS PRESENTATION IS CONFIDENTIAL AND IS SOLELY FOR THE USE OF THE RECEPIENT . NEITHER THE WHOLE NOR ANY PART OF THE INFORMATION CONTAINED IN THE PRESENTATION MAY BE DISCLOSED TO, OR USED OR RELIED UPON BY, ANY OTHER PERSON OR USED FOR ANY OTHER PURPOSE WITHOUT THE PRIOR WRITTEN CONSENT OF H. CLARKSON & CO. LTD (CLARKSONS). THE INFORMATION CONTAINED IN THE PRESENTATION, AND UPON WHICH THE PRESENTATION IS BASED, HAS BEEN DERIVED FROM PUBLICLY AVAILABLE INFORMATION. NONE OF THE INFORMATION ON WHICH THE PRESENTATION IS BASED HAS BEEN INDEPENDENTLY VERIFIED BY ANY MEMBER OF CLARKSONS NOR ANY OF ITS CONNECTED PERSONS. ACCORDINGLY, NO MEMBER OF CLARKSONS NOR ANY OF ITS CONNECTED PERSONS MAKE ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO THE ACCURACY OF THE INFORMATION CONTAINED IN THE PRESENTATION, OR ON WHICH THE PRESENTATION IS BASED, OR THAT THIS INFORMATION REMAINS UNCHANGED AFTER THE ISSUE OF THE PRESENTATION. THE PRESENTATION IS NOT TO BE CONSTRUED AS CARRYING THE ENDORSEMENT OF CLARKSONS OR ANY OF ITS CONNECTED PERSONS. CONSEQUENTLY, NEITHER CLARKSONS NOR ANY OF ITS CONNECTED PERSONS CAN BE HELD LIABLE TO ANY PERSON TO WHOM INFORMATION DERIVED FROM THE PRESENTATION IS MADE AVAILABLE FOR THE ACCURACY OF THE INFORMATION CONTAINED IN IT. THE PRESENTATION IS NOT INTENDED TO RECOMMEND ANY STRATEGIC DECISION BY THE COMPANY AND SHOULD NOT BE CONSIDERED AS A RECOMMENDATION SUPPORTING ANY OF THE OPTIONS DISCUSSED HEREIN BYANY MEMBER OF CLARKSONS OR ANY OF ITS CONNECTED PERSONS TO ANY RECIPIENT OF THE INFORMATION. -
Shipping US Crude Oil by Water: Vessel Flag Requirements and Safety Issues
Shipping U.S. Crude Oil by Water: Vessel Flag Requirements and Safety Issues John Frittelli Specialist in Transportation Policy July 21, 2014 Congressional Research Service 7-5700 www.crs.gov R43653 Shipping U.S. Crude Oil by Water: Vessel Flag Requirements and Safety Issues Summary New sources of crude oil from North Dakota, Texas, and western Canada have induced new routes for shipping crude oil to U.S. and Canadian refineries. While pipelines have traditionally been the preferred method of moving crude overland, they either are not available or have insufficient capacity to move all the crude from these locations. While rail has picked up some of this cargo, barges, and to a lesser extent tankers, also are moving increasing amounts of crude in domestic trade. The rather sudden shift in transportation patterns raises concerns about the safety and efficiency of oil tankers and barges. The United States now imports less oil than five years ago by oceangoing tankers, while more oil is moving domestically by river and coastal barges. However, the Coast Guard still lacks a safety inspection regime for barges similar to that which has long existed for ships. The possibility of imposing an hours-of-service limit for barge crews as part of this regime is controversial. Congress called for a barge safety inspection regime a decade ago, but the related rulemaking is not complete. The Coast Guard’s progress in revamping its Marine Safety Office is a related issue that Congress has examined in the past. The majority of U.S. refineries are located near navigable waters to take advantage of economical waterborne transport for both import and export. -
Ship Types & Sizes
The Source for Maritime Information and Insight Chris Pålsson, Director, IHS Fairplay Copyright © 2011 IHS Inc. All Rights Reserved. 1 Size matters Copyright © 2011 IHS Inc. All Rights Reserved. 2 Endorsed by the IMSF 2011 Copyright © 2011 IHS Inc. All Rights Reserved. 4 Basis for size categories • Dimensional limitations – Passages, straits, canals, bridges, locks….. • Operational – Rate setting mechanisms – Cargo batch sizes – Type of service – Range of service – ….. Copyright © 2011 IHS Inc. All Rights Reserved. 5 Lingo • Handysize, small/large • VLCC • Handymax, large • ULCC • Supramax • VLGC • Panamax, sub/post/new • Feeder • Kamsarmax • ULCS • Capesize, mini • Seawaymax • VLOC • Chinamax • MR, small/large • Q-max • Aframax • Säfflemax • Suezmax • …. Copyright © 2011 IHS Inc. All Rights Reserved. 6 Dimensional limitations Copyright © 2011 IHS Inc. All Rights Reserved. 7 Panama Canal Panamax – L 294.1 m – B 32.3 m – D 12.04 m – H 61.3 New Panamax – L 366 m – B 49 m – D 15.2 m Copyright © 2011 IHS Inc. All Rights Reserved. – H 61.3 8 Suez Canal Suez Canal Bridge Shohada 25 January Bridge Egyptian-Japanese Friendship Bridge Max draft: 20.1 m, Max height: 68 m Copyright © 2011 IHS Inc. All Rights Reserved. 9 The Strait of Malacca Depth 25 m. Max draft 21 m. Copyright © 2011 IHS Inc. All Rights Reserved. 10 St Lawrence Seaway • L 225.6 m (740 feet) • B 23.8 m (78 feet) • D 7.9 m (26 feet) • H 35.5 m (116 feet) Copyright © 2011 IHS Inc. All Rights Reserved. 11 Qatar: Q-max • L 345 m (1,132 ft) • B 53.8 m (177 ft) • H 34.7 m (114 ft) Copyright © 2011 IHS Inc. -
15 Facts About Freigh T
o u s Ab t F c t re a ig F h t 5 1 T h s e t c n e u x d t o s r t p a r g u e i o n t o f he journey Matching traded cargo to the right vessel takes flexibility, meticulous planning and highly specialized knowledge. Louis Dreyfus Company (LDC) invests in world-class logistics and tracking technology, and continually upgrades its port facilities and chartered fleet around the world, to deliver the most efficient Freight services to our customers and partners. A brief history of maritime trade: 1450 - 1815 - 1950 - tomorrow 1815 1950 today Global trade blossoms after voyages Empires make use of new steam With the rise of bulk shipping, companies A greener and more of discovery reach the New World engines and steel hulls to further their turn to oil - and diesel-fueled machinery responsible shipping business model across the globe and welded steel hulls, enabling a new, notably through low-cost model emission reduction Maritime trade accounts for 11 BILLION TONS Today, the world’s main of goods traded annually shipyards are in around the world 90% 50% China Japan dry bulk, of which 15% of global trade is agri-products S.Korea Philippines It takes approximately Common life span of a cargo vessel is Right now, there are as many as 12 MONTHS to build a cargo ship 20-30 YEARS 60,000 VESSELS ON THE JOB Dry bulk carriers can carry grains, Wet tankers are for vegetable oils, Liners carry containers packed Refrigerated ships transport oilseeds, sugar, rice and minerals ethanol and biodiesel with coffee and cotton orange juice The QUANTITY A VESSEL -
Oil Product Tanker Geography with Emphasis on the Handysize Segment
Oil product tanker geography with emphasis on the Handysize segment RISTO LAULAJAINEN Laulajainen, Risto (2011). Oil product tanker geography with emphasis on the Handysize segment. Fennia 189: 1, pp. 1–19. Helsinki. ISSN 0015-0010. Novel movement data are used to chart worldwide mineral oil product ship- ments by Handysize (15,000–59,999 dwt) and larger (60,000+ dwt) tankers. The data are from 2004 which allows comparisons with earlier studies about crude oil shipments. Theory about ship movements and attached freight rates (RP Rule) gets indirect support. Non-existence of global data below the Handysize en- forces the use of fragmentary data from a refinery company and a world-class port. Both data sets are believed to be representative for the purposes used. Ex- port shipments of the refinery company reveal a linear non-logarithmic distance function for vessel classes in the 2,000–67,000 dwt range. The function is practi- cally identical with oil product exports from the said port. The thinking is then extended to larger vessel sizes and crude oil cargoes, the principle of fungibility. Keywords: distance function, fungibility, Handysize, novel data, oil product tankers Risto Laulajainen, Department of Human and Economic Geography, Gothen- burg Business and Law School (Handelshögskolan), PO Box 630, SE-405 30 Gothenburg, Sweden. E-mail: [email protected] Introduction The idea’s realization remained uncertain for a long time because most product cargoes were This report is the final part of a tanker project that thought to be too small and local to rise wider in- was started in 2005 with crude oil tankers (Laula- terest. -
DRY BULK WEEKLY WEEK 25 | Monday, 28 June 2021
DRY BULK WEEKLY WEEK 25 | Monday, 28 June 2021 Weeks Count of Ships Sold Count of Vessel Units LATEST COMMODITY NEWS Week S&P Transactions Demolition Sales Newbuilding Orders 25 16 Iron Ore 24 28 1 5 AUSTRALIA'S DARWIN PORT SHIPS ITS 23 15 6 SHIPMENT OF IRON ORE SINCE 2015. VALE MAY EXPORTS UP 15% Y-O-Y 22 32 1 Total 91 1 12 Coal CHINA EXPECTS COAL SUPPLY CRUNCH Top 5 Destination Countries of Ships in Ballast by Vessel Size TO EASE IN JULY AS INDIA'S COAL (Week 26 Arrivals) IMPORTS UP 30% M-O-M IN MAY Size Group Capesize Handysize Panamax Supramax Grains EU SOFT WHEAT PRODUCTION FORECAST REVISED DOWNWARDS UKRAINE EXPORTS 22.3 MILLION TONNES OF CORN, TOTAL GRAIN EXPORTS DOWN 22% US SOYBEAN PLANTING 97% COMPLETE AS SOYBEAN OIL FUTURES REMAIN VOLATILE © 2021 TomTomTom,om, ©© 20212021 MicrosoftMicrosoft CorporationCorporation CONTENTS 6M TC Hire Rate Average Size CAPESIZE PANAMAX Bulkcarrier Freight Market 40K Sale & Purchase Market Demolition Market Shipbuilding Market 30K Port Activity and Bunkers Vessel Tracking 20K Commodities Markets Weekly Commodity Updates Broker's Meeting Point - Available Cargoes 10K Feb 2021 Mar 2021 Apr 2021 May 2021 Jun 2021 / Sale & Purchase Market Latest Transactions Week Ships Sold Built DWT Reported Country/ Region Owner Notes Price (US$) of Buyer 25 CAPE LEGACY 2011 180,161 $27,000,000 FLEET MANAGEMENT EUROPE 25 LOWLANDS TENACITY 2011 179,929 $28,000,000 Greeks COBELFRET GROUP 25 KING SAIL 2002 177,643 $12,000,000 China JIN FAN INTERNATIONAL COMPANY LIMITED 25 OCEAN CLARION 2009 177,000 $23,000,000 Greece