DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2020 – 238

Number 238 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Tuesday 25-08-2020 News reports received from readers and Internet News articles copied from various news sites.

The FUGRO MARINER after departure from the Singapore Eastern Anchorage last Saturday transiting the Inshore traffic lane westbound Photo : Piet Sinke www.maasmondmaritime.com (c) CLICK at the photo & hyperlink in text to view and/or download the photo(s) !

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Panama-flagged, 2020 built, HMM ROTTERDAM, 228.600 DWT, 23.820 TEU, inbound Antwerp from Hamburg, passing Hansweert. Photo : Alexander Hoogstrate (c) Dry Bulk Newbuilding Activity Picks Up

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Despite the recent lull in newbuilding orders over the past few months, the past week proved to be a different story, albeit only slightly. In its latest weekly report, shipbroker Clarkson Platou Hellas said that it was a “quite active week in terms of newbuilding activity in the dry bulk segment, especially in the Ultramax one. Danish Owner Norden extended their commitment with Nacks confirming 2 x options for delivery in Feb and June 2022: price should be in line with the original order of 4 x units which was region $22.8 mln per ship. Allegedly NACKS also firmed an order for other 2 x 61,000 dwt units of same design with Turkish Owners Turgu Aydin for delivery from August 2021, no price emerged for this order. Major Turkish owners Densay selected Xiangyu shipyard to award a contract for 3 x 63,500 dwt Ultramax units sdari design for delivery from end 2021 into Q1 2022: there are not official prices but we believe they order may span around $23.5 mln per ship. No relevant new orders to report in the tanker or gas sector apart HMD receiving a firm commitment from Nisshin for 2 x 50,000 dwt MR2 for delivery end of 2021. We understand the price is somewhere around $36 mln with speculation that the ships may be delivered scrubber fitted”, the shipbroker said.

The 2017 built, 33.428 t. dwt bulkcarrier CLARA ENTERPRISE anchored at Astoria (Or-USA) and waiting for a loading port on the Columbia River. She is sailing under Panamanian flag and her imo nr is 9749403. Photo: Aart van Essen In a separate note, shipbroker Intermodal said that in the newbuilding market, “sentiment continues to be low in the newbuilding realm as orderbooks across all shipping sectors are at low levels with only a handful of orders surfacing in the past week. This can be attributed to the economic uncertainty caused by the COVID-19 pandemic combined with the shipping industry’s “divided” view on the commercial and long-term implementation feasibility of ESG in maritime transportation. In addition, shipyards have been struggling to stay afloat financially since the start of the coronavirus outbreak owing to the increased number of newbuilding order cancellations and the travel/work restrictions. Given the prevailing conditions in the tanker market coupled with the current challenging macro-economic fundamentals, an upturn in the newbuilding front appears to be a pipe dream for the rest of 2020. In terms of recently reported deals, Danish owner, Norden, placed an order for two firm Ultramax vessels (61,000 dwt) at NACKS, in China for an undisclosed price and delivery set in 2022”, Intermodal said.

After loading at Kalama (Or-USA) the 76.574 t dwt bulk carrier HONG YUAN left for her destination Lianyungang, in China. She was built in 2009 and is registered in Panama. Photo: Aart van Essen (c) Meanwhile, in the S&P market, Banchero Costa said that “in the dry bulk market, during the week, offers were invited on scrubber fitted Capesize Jubilant Exellence 180,000 dwt built in 2013 at Koyo: the vessel seemed to be sold at $24.5 mln. Furthermore, 3 x Supramax units DD Ege, DD Karadenisz and DD Marmara 57,000 dwt built in 2012 at STX were reported sold at $30 mln en bloc. Two weeks ago, Panworld 56,000 dwt built in 2012 by Hyundai Mipo was reported at $10.2 mln. In the Handysize segment more activity was recorded during the week: a Pioneer controlled unit Falcon Bay 38,000 dwt built in 2015 at Yangzhou was sold at $13.5 mln (basis SS/DD due to client of Pola Maritime). One month ago, Cielo di Cartagena 39,000 dwt built in 2015 at Yangfan was done at $13.5 mln. Furthermore, Koznitza 32,000 dwt built in 2010 at Liaoning was sold at $5 mln and Westgate 28,000 dwt built in 2011 at I-S was reported at $6.5 mln. In the tanker market

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a vintage Suezmax Sonangol Kizomba 157,000 dwt built in 2001 by Daewoo was reported sold at $12.5 mln. Back in April Cap Diamant 160,000 dwt built in 2001 at Hyundai was sold at $21 mln. A sale and lease back deal involved 2 x modern MR tankers GW Fortune and GW Dolphin 55,000 dwt built in 2020 at Chengxi were purchased at $34.7 and $36.6 mln by client of CSSC Shipping and chartered back for 10 years at $8,300/d”, the shipbroker concluded. Source : Nikos Roussanoglou, Hellenic Shipping News Worldwide

The 3600 ton’s Sembcorp Marine’s Sheerlegs L 3601 passing the sister Islands in the Singapore strait under tow of the tugs JMS WIRA , PW TERAJU and as pushing tug PW BERANI Photo : Piet Sinke www.maasmondmaritime.com (c) CLICK at the photo & hyperlinks in text to view and/or download the photo(s) !

CLICK st the banner to see the Shoretension in action https://shoretension.com/ Learn the lessons before the next Wakashio comes HERE we go again; a ship split in two, bunker fuel flooding over pristine beaches, the livelihoods of hoteliers and fisherfolk wiped out overnight, local flora and fauna decimated. And the best public relations response the industry can rustle up for an angry mainstream media and an even angrier populace is scholastic reiteration of the arcana of liability conventions.It would be better if the grounding of WAKASHIO had not happened. But given it did, attention must now focus on both the adequacy of the immediate reaction and the longer view. For most industries, a willingness on the part of those in the firing line to front up to the television cameras would be the default setting.

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But to use shipping’s woeful past environmental misdeeds as a yardstick, the level of public engagement by those linked to the vessel can probably be categorised as depressingly adequate. We can be grateful that in Panama, Nagashiki and MOL respectively, we have a flag state, an owner and a charterer who are ready to engage rather than go into hiding. The next priority is to establish what went wrong and why; investigations must be urgent, fully funded, forensic, unstinting and above all transparent.They must also be in the public domain. That shouldn’t need saying, but don’t forget that around half of flag state reports never see the light of day. Another thing that shouldn’t need saying is that truth must be established before blame is apportioned. In that light, the arrest of WAKASHIO’s master and chief officer is worrying. The criminalisation of seafarers — need we mention PRESTIGE and HEBEI SPIRIT — has been a scandal for decades. Without indulging in special pleading, we urge the Mauritian authorities to ensure these officers are not scapegoated for the actions of others.

As Lloyd’s List has also reported, at least two crew had been on board formore than a yearprior to the grounding. Correlation is not causality, but the possibility that fatigue played a part in any operational errors is at the very least relevant context. Openness and honesty are the sine qua non, both from those operationally involved and from the governments, authorities and institutions that have singularly failed to rise to a hidden crisis that has left seafarers at sea long after the tours should legally have ended.

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Finally, it is unacceptable for a poor third-world government only to receive tens of millions of dollars in compensation for a clean-up that will cost hundreds of millions of dollars to undertake. Even if that is legally right, it is morally wrong. Public pressure for a revision of the industry compensation regime will be as irresistible as inevitable. There will, of course, be a ‘next WAKASHIO’. But when the next incident does come, shipping owes it to all concerned to learn the lessons of this one. Source : Lloydslist READERS HELPING OTHER READERS

Newsclippings reader and contributor Henk de Winde likes to know the fate of the MINI MEARSK No 1 above seen in Hong Kong in yesteryears If you can help Henk please email him at [email protected]

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The SHTANDART on the IJsselmeer passing Makkum, the Netherlands. Photo : Martin van der Velde © Austal to expand into steel shipbuilding by Darwin Singleton As Mobile prepared to enter into a new century in 1999, it's newest shipbuilder, Australian-owned Austal USA, was perfecting a new way to construct ships on the Mobile River using aluminum instead of steel.The company began by building high-speed ferries, but its real focus was a new class of U.S. Navy aluminum ships, eventually landing contracts with the Navy and even expanding its operation on the river's east bank. Now, Austal USA is about to expand again. NBC 15 News has learned the company has agreed to purchase 15 acres of riverfront property, buildings, and dry dock from Modern American Recycling and Repair Services of Alabama, also known as the old Bender Ship Building property. Their plan? Use that property to help in the construction and repair of steel-hulled vessels. It comes at a time when contracts for the Navy's aluminum ships are winding down. In fact, the U.S. Navy itself is helping to make this happen. According to the website "AU Manufacturing," the U.S. Government will put $50 million toward the project to be matched by Austal. That happens to be the same amount of money awarded to Austal USA from the

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defense department in June under the CARES Act.Austal declined to comment to NBC 15 News at the time of that award.The expansion is expected to take about two years, an effort to keep the Mobile shipbuilder in play as a competitive Navy bidder for future contracts. Source : mynbc15

The 2015 built RED ZED I loaded with the jack up JAVA STAR 3 navigating the Westbound TSS in the Singapore strait heading for Ras Laffan in Qatar, Ras Laffan Industrial City is an industrial hub located 80 kilometres north of Doha, Qatar. It is administrated by Qatar Petroleum. Ras Laffan Industrial City is the Qatar's main site for production of liquefied natural gas and gas-to-liquid Photo : Piet Sinke www.maasmondmaritime.com (c) CLICK at the photo & hyperlinks in text to view and/or download the photo(s) !

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Desperate plea to save Anstruther’s historic lifeboat station from demolition by Craig Smith A last-ditch attempt to halt the demolition of a Fife lifeboat station has been launched.

The Anstruther landmark is facing the axe as part of plans for a new purpose-built station further along the East Shore. The RNLI said the replacement would provide state-of-the-art facilities for the crew and accommodate a newer Shannon class lifeboat which is expected to halve response times. The new station has been broadly welcomed but many locals are unhappy that the existing lifeboat house – which was built in 1904 – has been earmarked for demolition to make way for car parking. The issue is expected to come to a head on Wednesday when Fife councillors consider applications for the new lifeboat station and conservation area consent to pull down the current base. Both have been recommended for approval by planners. However, 38 letters of objection against the demolition have been lodged ahead of next week’s north east planning committee meeting. Lindsay McKinstray, planning representative on the Royal Burgh of Kilrenny, Anstruther and District Community Council, said it could not support the application amid strong local feeling the existing station should be repurposed. “There is a viable momentum from the community and the community council that discussions should be held with Fife Council, the RNLI and councillors that would see a waterfront area emerge which benefits all and is an asset to the local and wider community and visiting tourists,” she said. “From our perspective, there is unequivocal support for the building of the new lifeboat shed and we support the continuation of this without hesitation. “Ideally and surely a common sense

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approach could see more thought put into the landscaping and car parking, without rushing ahead with potential demolition of a building which could be another asset and source of income.” Other locations along the coast were considered for the new station, including another site in Anstruther, Cellardyke, Crail, St Monans, Pittenweem and Methil, but the selected site on Anstruther’s East Shore was the only one which met all of the RNLI’s criteria and would ensure no restrictions when launching. The proposed car parking to the west of the new station would result in 80 parking spaces in total, including 16 RNLI-only spaces.A report to committee on Wednesday says the existing lifeboat station would need to remain in use until the replacement is up and running. Taken in its own right, the application for the new station could have been approved by planning officials under delegated powers as it received fewer than five objections. However, Wednesday’s committee will consider it alongside the demolition application since the former’s deliverability is dependent on the latter. Source : thecourier

The MAERSK BALI navigating the Westerschelde inbound for Antwerp Photo : Dirk Nootenboom ©

CLICK HERE TO VIEW THE BONN & MEES MOVIE ! Fred Olsen Cruise Ships Being Retired The UK-based Fred Olsen Cruises has announced it is retiring two of its cruise ships after purchasing two newer ones from Carnival-owned Holland America Line. BLACK WATCH and BOUDICCA will both be retired as they are currently the oldest ships in the Fred Olsen fleet. The two vessels MS AMSTERDAM and MS ROTTERDAM which were purchased from Holland America Line and renamed as Bolette and Borealis will replace the two older ships. This will include taking over the itineraries of BLACK WATCH and BOUDICCA.

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The BOUDICCA inbound for Rotterdam in July 2019 Photo : Nico Ouwehand © Peter Deer, Managing Director at Fred. Olsen Cruise Lines, said:“I am pleased to say we are now at the stage of finalising our back in the water plans and we are very excited to be doing this with two new vessels within our fleet.

The BLACK WATCH inbound for Rotterdam Photo : Arie Boer © “While we are still looking at a number of options for BOUDICCA and BLACK WATCH, what we do know is that they won’t resume sailing with us when we do start to cruise again. “We know that these ships are much loved among our guests, as indeed they are by us, but it is time to evolve and look ahead to a long and bright future for Fred. Olsen Cruise Lines.“We will soon be revealing more details on our plans to resume sailing again, but in the meantime we hope many of you will join us on our virtual farewell cruises to see our two ships off in style.”Guests who were booked to sail on Boudicca and Black Watch will automatically have their booking transferred to the same itineraries on Bolette or Borealis, and will be contacted by Fred. Olsen Cruise Lines with final details in the coming weeks. BOUDICCA was built in 1972 and has been operated by a number of cruise lines before finally ending up with Fred Olsen Cruises since 2005. The ship is over 28,300 gross tons with a guest capacity of 900 along with 320 crew members. BLACK WATCH was also built in 1972 and has been operated by a number of cruise lines including Royal Caribbean before ending with Fred Olsen Cruises in 1996. The vessel is over 28,200 gross tons with a guest capacity of over 800. The British-based cruise line will be holding virtual farewell sailings for BOUDICCA and BLACK WATCH on Facebook. Guests and crew will be invited to share their photos and memories of the two ships. It’s not known where the vessels will end up once they are retired. it’s likely they will be scrapped due to their age. We’ve already seen Carnival and Pullmantur ships being scrapped at the Aliaga ship breaking facility in Turkey. Source: cruisehive ALSO INTERESTED IN THIS FREE MARITIME NEWSCLIPPINGS ? CLICK HERE AND REGISTER FOR FREE !

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The MAERSK GENOA inbound for Algeciras Photo : Francis Ferro ©

The YEOMAN BANK off Gibraltar Photo : Francis Ferro © African shippers lament over 400% peak season surcharges hike by Cosco, Maersk, MSC, CMA CGM, Hapag Lloyd, Evergreen shipping Distribution : daily to 43.000+ active addresses 25-08-2020 Page 12 DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2020 – 238

by Benson Akomo The Union of African Shippers’ Council (UASC) has called for the immediate suspension of Peak Season Surcharges (PSS) imposed by Shipping Lines serving the West African Trade Route. The six companies involved are Cosco, Maersk, MSC, CMA CGM, Hapag Lloyd and Evergreen shipping and their 2020 peak period charges of between $1000 and $1,500 per twenty-foot equivalent unit(TEU) were over 400 per cent increase on the previous $200 freight charge per TEU during peak period. Mrs Rakiya Zubairu, Head of Public Relations, Nigerian Shippers’ Council (NSC), in a statement in Lagos said that it was in line with the Council’s position. Zubair said that the Shippers’ Council had, in an Aug. 16 letter addressed to the European Community Ship Owners Association (ECSA) and copied to the UASC, bemoaned the outrageous increase in surcharges. She said that it was with particular reference to Peak Season Surcharge (PSS) levied on Nigeria-bound cargo. “In a letter signed by the Secretary-General, Ogoula Giscard Lilian, the UASC strongly condemned the unilateral and offensive action by ECSA carriers in blatant disrespect of previous agreement and expectations. “The action destabilises the business operations of its members through the increased transport costs and weakening of the economies of UASC member-states especially during the outbreak of Coronavirus pandemic.“The effect of the pandemic has kept commercial activity at its lowest in terms of activity and prosperity,” she said. Zubairu said that the letter to ECSA further stated that the implementation of this unilateral decision on their part was in violation of previous UASC/ECSA agreements. She added that the agreements required prior, mutual and reasonable notification of UASC and PMAWCA by individual shipping companies before imposition of new tariffs, surcharge or increase in transport cost. The NSC official pointed out that the letter referred ECSA to the report of the UASC/ECSA meeting held on July 16, 2010; Joint Declaration between UASC and ECSA signed in Brussels on April 12, 2012. Zubairu said that the UASC called on ECSA to kindly respect previous agreements and recommendations by suspending the application of Peak Season Surcharge until discussions on the new surcharges took place. Nigerian Shippers’ Council had convened a meeting of stakeholders and the organised private sector to discuss the astronomical increase in Peak Season Surcharge, which they unanimously condemned. Mr Cajetan Agu, Nigerian Shippers’ Council Director, Consumer Affairs, said a joint platform made up of UASC, Shippers’ Council and other relevant stakeholders would be created to facilitate discussions with ECSA.source: worldstage Rescuers Recover Two Bodies In US Dredge Explosion

Coast Guard crews respond to a dredge on fire in the Port of Corpus Christi Ship Channel, Aug. 21, 2020. A Sector/Air Station Corpus Christi MH-65 Dolphin helicopter crew was launched to the scene, hoisted two injured crewmembers and transferred them to Corpus Christi Medical Center – Bay Area. (U.S. Coast Guard photo)

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The bodies of two of four workers missing after a dredging vessel caught fire and sank in Corpus Christi, Texas, harbor were recovered on Saturday, the U.S. Coast Guard said. Four workers on the dredging vessel WAYMON L BOYD went missing on Friday after the vessel caught fire in the Corpus Christi ship channel. The search for the other two missing employees is continuing, Coast Guard officials said. An investigation into the incident is underway. Authorities have not said what caused the explosion that sent six people to the hospital. Local media reported an underwater pipeline was breached and a fiery explosion engulfed the vessel.Names of the missing crew members have not been disclosed. The Coast Guard said the ship broke apart and sank. The four were working for Orion Marine Group, which was dredging in the Corpus Christi ship channel at the time of the explosion. “We continue to work alongside the U.S. Coast Guard, the Port of Corpus Christi Authority, TCEQ, and the other agencies to assist in the recovery of our personnel and the wider investigation into this incident,” said Orion Chief Executive Mark Stauffer. Source : reuters Reporting by Gary McWilliams; editing by Diane Craft

The ongoing salvage works on the grounded SHAHRAZ in the Singapore Strait as spotted last Sunday Photo : Piet Sinke www.maasmondmaritime.com (c) CLICK at the photo & hyperlink in text to view and/or download the photo(s) !

Work on troubled ferry ‘back on track’ after key repair Ferguson Marine is constructing the MV Glen Sannox for CalMac.

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MV GLEN SANNOX: Ferguson Marine is constructing the ferry for CalMac. The shipbuilder behind a new £230m ferry which is four years behind schedule believes the end is in sight after a key repair was completed. Ferguson Marine, based in Port , Inverclyde, is constructing the MV GLEN SANNOX for CalMac, which will serve the Arran to route. The ship’s bulbous bow, which failed to meet industry standards, was replaced earlier this week at Dales Marine dry dock in nearby at a cost of £400,000. In 2017, before the official launch of the GLEN SANNOX, the bulbous bow was rejected by maritime classification society Lloyds Register. Ferguson Marine said that during inspection the surveyor said the manufacturing process failed to meet International Association of Classification Society (IACS) construction standards. It described the replacement of the bulbous bow as a “crucial part” of GLEN SANNOX’s current programme of remediation work, which includes the installation of deck windows, paint and coating repair, hull cleaning and pipework modification. Ferguson Marine have now claimed the troubled project is ‘back on track’ The firm, which was nationalised by the last year, has been plagued with setbacks. Jim McColl, the company’s former owner, called for the intervention of the auditor general as ministers missed a key deadline to produce an analysis of the fiasco. Ferguson Marine collapsed last summer, owing more than £49m to the Scottish Government. It was eventually taken into public ownership last August, while the ferry building costs more than doubled from an original £97m. GLEN SANNOX is scheduled to return to the Ferguson Marine shipyard at the end of this month. Fiona Hyslop, economy secretary, and Paul Wheelhouse, minister for energy, connectivity and the islands, are due to appear before the rural economy and connectivity committee when it resumes its investigation on August 26. Tim Hair, turnaround director at Ferguson Marine, said: “The removal of the mis-manufactured bulbous bow marks another major landmark in our recovery programme for the dual fuel vessels. “The journey to getting them to completion has not been without its frustrations, but this latest milestone is another indicator that the project is getting back on track. “Like all businesses globally, we were impacted by further delays this year due to Covid-19. “Now, with over 50% of our workforce back at the yard, operating in line with government guidance and work on both ferries scheduled to ramp up this autumn, I am confident in the progress we are making and optimistic for the future of the shipyard.” Source : STVnews Tullow extends Maersk drillship charter despite cancellation notice by Bojan Lepic London-listed oil and gas company Tullow Oil has extended the contract with Danish offshore drilling contractor Maersk Drilling for the use of one of its drillships in Ghana, following a previously announced contract termination for the same rig.Maersk Drilling said in its fleet status report last Friday that Tullow awarded the MAERSK VENTURER drillship a 60- day extension for redoing the completion of one well under the original contract for the rig. According to the report, the extension began in July 2020 and will be completed by the end of August. As it currently stands, despite the initially planned termination in June, the rig is expected to stay with Tullow for a bit longer. To remind, Maersk Drilling received a notification from Tullow Oil of “early termination for convenience” of the drilling contract for the Maersk Venturer in March this year. The drillship has been working for Tullow offshore Ghana since February 2018. The contract, signed in late 2017, was for development drilling on the Jubilee and TEN fields offshore Ghana. It was initially expected to end in February 2022. At the time of the announced termination, Maersk Drilling stated that the revenue contract backlog was

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reduced by $175 million covering the period from the end of the contract to February 2022. Following the addition of the two-month extension, the actual size of the reduction is not clear. Upon receiving the termination, Maersk Drilling said it would take measures to reduce Maersk Venturer’s operating costs following the end of the contract, subject to commercial prospects. As for Tullow’s Jubilee and TEN fields, gross Jubilee production averaged 84,700 bopd while gross TEN production averaged 50,900 bopd in the first half of 2020. Source : offshore-energy

MV JUMBO KINETIC (K class) with two 1500 tons Huisman mast cranes will be put to the test when loading this humongous Shiploader in Vietnam by the end of this month. almost 2 years of engineering coming to completion.

Business / Ocean Kinetics’ role in Aberdeen harbour extension project MARINE engineering specialist Ocean Kinetics is playing a key role in Aberdeen Harbour’s £350 million expansion project. The Shetland and Aberdeen-based company is involved in transferring and placing a number of large, 51-metre long concrete structures that will form the new North Castlegate Quay and East Dunnottar Quays. The concrete structures – or caissons – are towed from their floating storage in the Cromarty Firth to the extension site at Aberdeen where they are placed in position. When in position, the caissons are ballasted with seawater, before being filled with rock and topped

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with concrete to form the new quay. Ocean Kinetics managing director John Henderson said the company has been providing services to Aberdeen Harbour for a number of years.

A 51 metre long caisson being towed into the Aberdeen Harbour extension site for placement as a quayside. Photo: Aberdeen Harbour “Our job is to prepare the remaining caissons for towage, give assistance during the tow then place the caissons and ballast them down onto the seabed in the correct position,” he said.“The first two have now been delivered and are in place – each caisson is approximately 51 metres long, 12 metres wide, 16m metres deep and weigh 5500 tonnes – these two caissons are the final units for the north-facing 540 metre-long Castlegate Quay. “This is challenging, highly skilled work which demands great experience and expertise.” Aberdeen Harbour chief executive Michelle Handforth said: “Construction of the fixed quays is progressing quickly, and we now have less than half of the caissons to arrive and be placed in the harbour.” A total of 22 caissons will be used to construct the fixed quay areas of South Harbour, providing heavy-lift capacity and significantly reducing the amount of concrete required in the construction phase. Established in 1992 in Lerwick, Ocean Kinetics specialises in marine works, metal works and fabrication, welding, pipework, repair, diving and corrosion prevention, project management and design. Source: Shetnews

Three new Promarine 4 meter fishery propellers on their way to Padmos Stellendam. GC Rieber Shipping sells its vessel GC Rieber Shipping has entered into an agreement to sell the IMR vessel POLAR KING, built at Freire Shipyard in 2011. Due to the sale, an impairment of approximately USD 5 million for POLAR KING is expected to be recognized as per 30.06.2020. Proceeds from the sale will be used to repay the vessel's outstanding debt in full.source :Portnews

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OOS WALCHEREN testing the Superfly Jib 140 Mtrs above sealevel

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The Port Towage Amsterdam operated tug SVITZER JUPITER assisting the BOKALIFT 1 at departure from IJmuiden Photo : Jan Plug © South China Sea: Fisherman shot amid increased competition for fishing rights By: Jamie Seidel

A Vietnamese sailor has been shot dead this week in a clash with Malaysian authorities as competition for increasingly scarce fishing resources heats up in the South China Sea. A Vietnamese fishing boat reportedly attempted to ram a Malaysian coastguard vessel last week Monday. "The coastguard crew had earlier fired warning shots in the air. But after they rammed and threw a bottle of petrol, my men had no choice but to open fire in self-defence," said Malaysia's coastguard chief Mohamad Zubil Mat Som. One Vietnamese fisherman was shot. He was pronounced dead after being rushed ashore for treatment. "We are saddened by this deadly incident. But I can guarantee … my men took this action to protect their lives and to protect our national sovereignty," Zubil added. The fishing boat was one of a pair intruding on Malaysian waters. Vietnam's government does not dispute ownership of that region. Both boats and their crews have been detained. Vietnamese fishers complain they are being driven further afield in an attempt to sustain their livelihoods. Their boats have been rammed, boarded and crews interrogated, they say, as Beijing attempts to assert its arbitrary claim to the exclusive control of the South China Sea's resources. China's fishing militia – replete with political officers and military training – has become increasingly aggressive in recent years. The actions of its squid trawlers in the Sea of Japan appear to be linked to a spate of North Korean' ghost boats' – some

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with dead crew aboard – washing ashore throughout the region. China's fishing fleet is now active again in the East and South China Seas after a four-month ban. Beijing imposed the seasonal prohibition in 1999 in what it says is an effort to allow fish stocks to recover. It is also enforced on Vietnamese and Filipino fishers operating in the Scarborough Shoal, Paracel Islands and Gulf of Tonkin.Neither nation recognises Beijing's claim of ownership over these waters. But that hasn't stopped Chinese state- controlled media from boasting that 1691 "illegal" fishing boats were seized this season, along with 630,000sq m of fishing nets. Vietnam's fishing industry, however, has been increasingly accused of rampant illegal behaviour by its neighbours. There have been previous violent showdowns between its boats and Malaysia's coast guard. Since June 24, 43 Vietnamese boats and 487 crew have been detained. Thailand has also been apprehending intruding vessels. Singapore-based School of International Studies researcher Collin Koh told the South China Morning Post that "Vietnam does need to keep a tighter rein on its fishing community". "It might be more helpful for such intra-Asean problems to be first properly addressed in order to foster co-operation on the South China Sea front in future."But Malaysian think-tank analyst Thomas Daniel says Vietnamese vessels are being "pushed south by Chinese fishing fleets and enforcement vessels"."There's been speculation that we're seeing more Vietnamese fishing ships here, and even afar as Indonesia and Papua New Guinea," he said.Lecturer of International Relations at Vietnam National University Trang Pham told RadioFreeAsia: "This puts Vietnamese fishermen in a difficult position as they need to (move their) equipment to protect themselves from the aggressive behaviour of Chinese coast guards, which escort Chinese fishermen, and at the same time compete with a much larger number of Chinese fishermen in the area. "Those fishermen are not rich, they just barely survive each day, so when they become desperate, they may react awfully." Chinese fishing vessels operating on the edges of the world heritage listed Galapagos Islands in the South Pacific have "gone dark", according to Ecuador. And Japan's defence forces have been placed on alert as boats begin to gather about the disputed Senkaku Islands in the East China Sea. Source : NZherald

In Eemshaven DEME have started the logistics for Hornsea2 offshore windfarm. First transition pieces arriving for temporary storage.

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SAL’s LONE outbound from Rotterdam passing Maassluis Photo : Cees Kloppenburg Photo Maassluis © The CMA CGM Group launches “A Humanitarian Ship for Lebanon” campaign to ship emergency humanitarian aid An international relief initiative to send medical equipment and essential goods and products. One of the CMA CGM Group’s ro-ro vessels will be deviated from its usual service to travel from Marseille to Beirut over the coming days.The CMA CGM Group has mobilized its expertise to transport this load provided by international NGOs, companies and French public institutions. By launching “A Humanitarian Ship for Lebanon” campaign, the CMA CGM

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Group contributes to international solidarity efforts by transporting medical equipment and essential goods and products to support the Lebanese population, following the devastating explosions that hit Beirut.

“A Humanitarian Ship for Lebanon” to support French and international relief efforts

The campaign will allow for the transport of emergency equipment and essential goods and products provided by the CMA CGM Foundation's NGO partners and the Group’s partner companies. The initiative also has the support of deeply engaged French public institutions which have been highly mobilized (Crisis and Support Centre of the French Ministry for Europe and foreign affairs, the Provence-Alpes-Côte d’Azur region, the Bouches-du-Rhône department, the City of Marseille, Marseille's Naval Fire Brigade, Marseille's Public Hospitals - APHM). A Vessel deviated from its usual service to travel to the Port of Beirut One of the CMA CGM Group’s ro-ro vessels will be deviated from its usual service to travel from Marseille to Beirut in the very near future (the date is to be determined). Roll-on/roll-off or ro-ro vessels are perfectly suited to the needs of humanitarian transportation. They can carry containers, motor vehicles (fire engines, ambulances, civil engineering vehicles) and pallets. The CMA CGM Group is bearing all shipping and port operation costs and providing a storage facility in Marseille until the vessel departs. The CMA CGM Group is mobilizing its shipping and logistics expertise The CMA CGM Group is mobilizing its teams to centralize, consolidate and transport the humanitarian supplies of participating organizations which have a clearly identified and vetted structure to receive them on Lebanese soil. The CMA CGM Group is setting up an operational unit in Marseille and Beirut to review requests and organize delivery as quickly as possible You can reach out to the operational unit at the following email address: [email protected]

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At Damen Verolme the lifeboat davits onboard the ROTTERDAM were tested as can be seen above Photo : Nico Boef © Dungeness lifeboat saves storm-hit boat in English Channel A sailing vessel has been rescued from the Channel after being overwhelmed by winds of over 40mph.

The Dungeness lifeboat was sent out at 7.40am last Saturday after the boat got into serious difficulties. The craft's location wasn't immediately known so the lifeboat crew started to search about 17 miles south east of base before a dredger was able to report the exact location. When they drew level, it was established a person on board needed assistance. A crewman boarded the boat and a tow line was established. It was decided the lifeboat would tow the casualty to Eastbourne. However, due to the force of the winds, plans were changed and the casualty was towed to

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Rye Harbour. "The casualty vessel was in difficulty due to the strong winds and did the right thing in calling the UK Coastguard for help The lifeboat returned to station and was back on service by 4pm. Source : KentOnline

The Damen Yachting 2020 built 62m ANAWA yacht spotted in the port of Bergen (Norway). She features an exterior design by Azure Yacht Design & Naval Architecture. She can sleep up to 12 guests taken care of by a crew of 20. Photo : Robert Eadie © NAVY NEWS USS Ronald Reagan visits Naval Base Guam for safe haven liberty

USS RONALD REAGAN (CVN 76) arrives at Naval Base Guam, Aug. 22. (U.S. Navy)

USS RONALD REAGAN (CVN 76) pulled into U.S. Naval Base Guam for a Safe Haven Liberty port visit, Aug. 22.

The visit is the fifth of its kind, enhancing liberty options for 7th Fleet ships conducting COVID mitigations. U.S. 7th Fleet flagship USS BLUE RIDGE (LCC 19) along with USS BUNKER HILL (CG 52) pulled into Guam for safe haven liberty port visits in early June. The Nimitz Carrier Strike group, consisting of aircraft carrier USS NIMITZ (CVN 68), guided- missile cruiser USS PRINCETON (CG 59), and guided-missile destroyers USS STERETT(DDG 104) and USS RALPH JOHNSON (DDG 114), pulled into Guam for a safe haven liberty port visit June 24. Most recently, the guided-missile destroyer USS RAFAEL PERALTA (DDG 115) pulled into Guam at the end of July.

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During Ronald Reagan’s liberty, Sailors have access to specific designated areas on the pier and a secured beach on base. This type of liberty allows for quality of life port visits, boosting crew morale, readiness, and effectiveness, while mitigating the risk of contracting COVID-19. "With the creation of Safe Haven Liberty in Guam, the crew has the opportunity to enjoy some well-deserved rest and recreation,” said Command Master Chief Chris King, USS RONALD REAGAN (CVN 76). “The hardworking and dedicated Sailors on board Ronald Reagan have performed at unmatched levels over the past several months to ensure readiness and forward presence in the Indo-Pacific region.” Sailors will have the opportunity to unwind and enjoy food and beverages along with Wi-Fi installed on the pier, where personnel can use their phones and laptops. A section of the beach will be designated as a safe zone. With the exception of a few mandatory personnel to ensure the ship’s safe arrival, there will be no interaction with any personnel outside the designated liberty areas. For the docking process, all COVID mitigations will be in place to include social distancing, masks, gloves, and minimal interactions. Upon completion of sea trials in May 2020, Reagan returned to Yokosuka, embarked remaining crew completing Restriction of Movement Sequestration (ROM-S), and deployed June 8. Since the ship’s Yokosuka departure, USS Ronald Reagan continues to operate in the Indo-Pacific region alongside allies and partners to demonstrate the United States’ commitment to defense agreements, as well as to provide security and stability in support of a free and open Indo-Pacific region. No COVID-19 cases at-sea have been identified at this time.

German Minehunters in Bergen on 18 August, they are M1069 HOMBURG, M1058 FULDA , M1059 WEILHEIM. M1061 ROTTWEIL, M1062 SULZBACH ROSENBURG ,M1063 BAD BEVENSEN, M1069 DATTELN and A514 WERE were also in port Photo : Robert Eadie © Pacific-Based U.S. Navy Submarine USS Seawolf Operating In Norwegian Sea The Seawolf-class fast-attack submarine USS Seawolf (SSN 21) is operating in the U.S. 6th Fleet area of operations and conducted a brief stop for personnel in the vicinity of Tromso, Norway, Aug. 21, 2020. By : Xavier Vavasseur 22 Aug 2020 The Pacific-based submarine is operating in U.S. 6th Fleet under the command and control of Commander, Submarine Group 8 and Commander, Task Force 69 to compliment the undersea warfare capabilities of U.S. Naval Forces Europe. Vice Adm. Daryl Caudle, Commander, Submarine Forces : “USS SEAWOLF’s deployment from Bangor, Washington, to the U.S. 6th Fleet demonstrates the Submarine Force’s global reach and commitment to provide persistent and clandestine undersea forces worldwide to execute our unique missions with unrivaled readiness. Our undersea warriors are the best in the world in submarine warfare and are equipped with unmatched capabilities designed to enhance our Navy and multiply the Joint Force’s effectiveness in competition and conflict.” These submarines are exceptionally quiet,

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fast, well-armed, and equipped with advanced sensors. Though this class of submarines lacks vertical launch systems, it is armed with eight torpedo tubes and can hold up to 50 weapons in its torpedo room. “The arrival of SEAWOLF compliments our already robust undersea warfare capabilities and demonstrates our continued commitment to providing maritime security and deterrence throughout the region,” said Rear Adm. Anthony Carullo, Commander, Submarine Group 8. SEAWOLF was commissioned in 1997 and is the lead submarine of its class. USS CONNECTICUT (SSN 22) and USS JIMMY CARTER (SSN 23) comprise the rest of the class. Seawolf, based out of Naval Base Kitsap in Washington, is conducting maritime operations in the U.S. 6th Fleet area of operations in support of U.S. national security interests in Europe and Africa. U.S. 6th Fleet, headquartered in Naples, Italy, conducts the full spectrum of joint and naval operations, often in concert with allied and interagency partners, in order to advance U.S. national interests and security and stability in Europe and Africa. Source : Navalnews SHIPYARD NEWS

Nigeria planning new shipyard to serve LNG carriers, oil industry by John Snyder Nigeria is conducting a feasibility study to construct a new ship repair facility on Brass Island, Bayelsa State to serve cargo vessels, oil tankers, and LNG carriers The idea behind the new shipyard is to reduce ‘capital flight’, increase local content and boost employment opportunities in Nigeria. Under a contract with the Nigerian Government, China Harbour Engineering Company (CHEC) will conduct the feasibility study, performing geotechnical and bathymetric surveys and a market assessment. CHEC will use the findings to develop a technical proposal, construction plan and cost estimates for the shipyard. Funded by the Nigerian Content Development and Monitoring Board (NCDMB), the study is part of the board’s mandate to promote oil and gas industry infrastructure and increase retention of industry spend in local content and services. Nigeria’s crude oil and natural gas resources are the backbone of the country’s economy. It is the largest oil producer in Africa and the fifth-largest exporter of LNG in the world. According to Minister of State for Petroleum Resources Chief Timipre Sylva, the high level of vessel activity related to the offshore oil and gas industry in Nigeria provides an opportunity to “retain substantial value in-country through the provision of drydock services.” Development of the shipyard is timed to take advantage of Nigeria LNG’s (NLNG) Train 7 project, which will increase its LNG production capacity from 22 mta to 30 mta. This increased capacity will require additional LNG carriers to transport NLNG cargoes. Minister Timipre added that the shipyard project would also benefit from the upcoming implementation of the Africa Continental Free Trade Agreement (AfCFTA), with Nigeria serving as a potential hub for shipbuilding and repair. The construction and operation of the shipyard would create local employment opportunities and contribute to poverty reduction in line with the aspirations of President Muhammadu Buhari’s government, said Minister Timipre. In his presentation at the announcement of the study, NCDMB executive secretary Simbi Kesiye Wabote said the Brass shipyard project and other ongoing efforts would help achieve 70% Nigerian content by 2027. He confirmed that the project was being driven by the NCDMB in conjunction with NLNG as a capacity development initiative on the back of the Train 7 Project. Mr Wabote explained there are “over 20,000 ships working for the oil and gas sector in Nigerian waters and the annual spend was over US$600M in the upstream sector.”

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Citing additional statistics, Mr Wabote said the oil sector spent US$3Bn on marine vessels between 2014 and 2018 of which 73% was spent on crew boats, security vessels, dive support vessels and fast supply intervention vessels. Other vessels in that category include mooring launch and shallow draught vessels, he said. Mr Wabote said most of the vessels that operate in the offshore oil industry in Nigeria travel to Ghana, Equatorial Guinea, Cameroon or other countries for drydocking. The objectives of NCDMB’s Marine Vessel Strategy is to promote Nigerian ownership, increase participation and increase capacity of local shipyards to build, service and maintain marine vessels of various sizes and manufacturing of vessel components and consumables in-country. The project’s schedule indicates that the site work would be executed within six months and feasibility study completed in four months, according to Mr Wabote. Source : Riviera Maritime News Chinese Shipyard Launches 1st Type 054 A/P Frigate For Pakistan Navy By : Xavier Vavasseur

China's Hudong Zhonghua launched the first Type 054 A/P Frigate for Pakistan Navy. This is the first of four vessels on order by Pakistan. Pakistan signed a first contract for the delivery two Type 054 A/P frigates in 2017. An additional contract for two more ships was announced in June 2018. The keel laying for the second vessel took place in March this year. Steel cutting for the final two ships took place in November last year. All four units are set to be built in China and delivered to the customer by 2021. The Type 054A is a multi-role frigate and is recognized as the backbone of the People’s Liberation Army Navy (PLAN) fleet of surface combatants with 30 vessels in commission. They have a length of 134 meters, a beam of 16 meters for a displacement of 4,000 tons. They have a crew complement of 165 sailors and are fitted with: Ø a PJ26 76mm main gun Ø 8 C803 anti-ship missiles Ø 32x VLS cells for HQ-16 surface to air missiles Ø 2x Type 730 30mm CIWS Ø 2x Triple Torpedo launchers According to the Pakistan Navy, the Type-054 A/P ships are state of the art frigates equipped with modern surface, subsurface and anti air weapons and sensors. Once constructed, these ships will be the most technologically advanced platforms of Pakistan Navy which will strengthen its capability to meet future challenges and maintain peace, stability & power equilibrium in the Indian Ocean Region. The Pakistan Navy is currently undertaking an important renewal of its fleet, with the procurement of several modern platforms: In addition to these frigates from China, Pakistan will also commission new corvettes from Turkey and OPV from the Netherlands. It is also modernizing its submarine force. For the

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record, the same shipyard located near Shanghai recently built two Type 075 LHDs for the Chinese Navy (PLAN) and a third one is rumored to be on the way. Hudong-Zhonghua is also currently building a Type 071E LPD for Thailand. Source: Navalnews ROUTE, PORTS & SERVICES

The MSC ISABELLA inbound for Antwerp passing Kruiningen Kruseveer Photo : Rob van den Houten © New dry-bulk handling facility at the Port of Antwerp At quay 131-133, Veemnatie is building new dry bulk facilities for the storage of ammonium sulphate. Veemnatie NV is a joint venture between 5th Havendok and C. Steinweg Belgium NV. They have joined forces to build dedicated warehouses for the Dutch chemical company Fibrant. The investment comprises nine dry bulk warehouses, which will be operational in the first quarter of 2021. Together, they account for 160,000 tonnes of ammonium sulphate storage. Ammonium sulphate is a harmless by-product of the production of caprolactam and better known as an artificial fertiliser.Through the strategic partnership, Fibrant hopes to provide the best logistics service for its international customers and at the same time reduce its CO2 footprint. Thanks to the connections at the Port of Antwerp, transport by inland waterways and sea vessels can be faster and only part of the traffic will go by road. Source : Portnews Profit-sharing contract based on fuel savings delivers for both Brittany Ferries and Wärtsilä A unique profit-sharing contract between the technology group Wärtsilä and French operator Brittany Ferries, signed in 2018, is resulting in significant benefits for both companies. Following the installation of Trim and Speed energy

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management and optimisation technology provided by Wärtsilä Voyage, the project results in a reduction of exhaust emissions, which goes in line with Brittany Ferries’ strategic approach to sustainable shipping.The implementation of the Wärtsilä systems on the first vessel ‘Cap Finistere’, covered by the contract, was finalised and fully operational in March 2019. Within six months, the ferry’s fuel consumption was 4 percent less than prior to installation. This equates to a reduction of approximately 2,600 tons of carbon dioxide emissions, according to Brittany Ferries and Wärtsilä calculations. “The result speaks for itself, with a clear relationship being established between the Wärtsilä Voyage optimisation tools and the savings achieved. Wärtsilä’s Smart Marine approach is focused on delivering high efficiency, environmental sustainability, and cost savings to the customers. This is one more shining example of this commitment,” says Andrew Rayner, Head of Sales, Key Account Solutions, Wärtsilä Voyage. The initial contract covered three vessels, Cap Finistere, Pont Aven and Honfleur. More recently, Wärtsilä Voyage received orders for three more ships, i.e. Galicia, Mont St. Michel and Armorique. The partnership included installation and activation onboard of Eniram Platform, Trim and Speed optimization systems, Data Access and Analytics services, Mobile Operations services and training. “We are delighted with both the fuel savings achieved and the resulting reduction of the ship’s carbon footprint. Our strategy is very much built around environmental performance, and we have already ordered the Wärtsilä Speed and Trim solutions for additional vessels,” says Arnaud Le Poulichet, Technical Director, Brittany Ferries. As of today, Brittany Ferries, UK is the leading maritime carrier on the western and central Channel. The company’s RoPax ships serve routes between France, the UK and Spain. Source : Portnews 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 Westerscheldeferry bespaart onderhoudskosten nu offshorebedrijf OOS bijspringt Door : Frank Balkenende Offshorebedrijf OOS International uit Serooskerke gaat een handje helpen bij het technisch beheer van de twee veerboten die tussen Vlissingen en Breskens varen. Westerschelde Ferry BV denkt dat samenwerking met OOS aanzienlijk kosten bespaart. Beide bedrijven hebben een samenwerkingscontract getekend. Daarin staat onder meer dat OOS de veerdienst ondersteunt bij het technisch beheer van beide veerboten. OOS heeft de afgelopen maanden al een helpende hand toegestoken, onder meer bij een noodzakelijke reparatie van de roeren van de Prinses Máxima. Het schip werd op tijd en ruim binnen het budget weer in de vaart genomen, melden beide bedrijven. Dit is pas het begin Deze gratis vingeroefening vormde de aanzet tot een vaste samenwerking tussen het offshorebedrijf en de veerdienst. Volgens directeur Raymond Winterswijk van Westerschelde Ferry BV profiteert de veerdienst van de schaal en de kennis van OOS. ,,Wij zijn een relatief kleine organisatie, die beperkt is in zijn capaciteit en mogelijkheden. Met de samenwerking met OOS kunnen wij gebruik maken van hun uitgebreide expertise, ervaring, netwerk en capaciteit. De verwachting is dan ook dat wij hierdoor een aanzienlijke besparing kunnen gaan realiseren op de onderhoudskosten van onze schepen.” Wij hebben in Serooskerke 1000 manjaar ervaring Leon Overdulve (De Leeuw van Zeeland), algemeen directeur van de OOS Group, vindt het een eer om binnen Zeeland met een partij als de Westerschelde Ferry te mogen samenwerken. Wat er voor OOS aan voordelen aan kleven, kan Overdulve nu nog niet zeggen, maar ‘op termijn wordt er meer over bekend’. ,,Voor ons is het ondersteunen van de veerdienst goed te doen. Wij hebben jarenlang veel geïnvesteerd in mensen, offshore-shipmanagement, software systemen en procedures. We hebben in Serooskerke gezamenlijk meer dan 1000 manjaar ervaring. Dan is het leuk dat we de WSF die tien kilometer verder op zit kunnen ondersteunen.” De provincie is de enige aandeelhouder van Westerschelde Ferry BV. Die gaat vanaf komende maandag vier keer heen en weer varen tussen Vlissingen en Breskens. De veerdienst heeft daartoe besloten omdat scholen weer openen. Ook kan de noodzakelijke corona-afstand van 1,5 meter beter worden bewaakt als er vaker wordt gevaren. Bron : PZC

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Montreal dockers return to work By : Nick Savvides Managing Editor Striking dockers at the Port of Montreal have agreed a seven month truce with employers while a new collective bargaining agreement is negotiated. Striking longshoremen in the Canadian port of Montreal have agreed to return to work from 7am on Monday 24 August, local time, following a two-week strike that has seen millions of dollars’ worth of cargo stranded on the quay or unable to land at the port. Following the intervention of the federal government and the agreement by both the union, the International Longshoremen’s Union 375 (CUPE), representing 1,125 dockers, and the Maritime Employer’s Association (MEA), the two sides have agreed a seven month truce that will, it is hoped, lead to a new collective bargaining agreement by March 2021. Pressure tactics such as lockouts or strikes are not allowed during the truce period, as the negotiations are meant to be free from this type of intense stand-off. The temporary settlement was possible after the MEA dropped its requirement for a deal to be reached at the end of the time period and had restored the dockers’ unsocial hours pay that the group had earlier cut. Meanwhile the union agreed to return to work for the duration of the seven months of negotiations, even though the union had received mandates for further strike action. Ian Mulcahy, president of the International Longshoremen’s Association Local 1657 (Checkers) has reportedly agreed a new collective bargaining agreement in principle. Ratification of the agreement with the 175 Checkers will be sort this week. Karl Blackburn CEO at the Conseil du Patronat du Quebec and a member of the Montreal Metropolitan Chamber of Commerce, also welcomed the news, following what he said was, “The entire economy of Quebec being held hostage”. Hapag-Lloyd has already announced to its customers that the strike will end, but cautioned, “It will take some weeks to clear the backlog of vessels and cargo in the terminals which were impacted because of this interruption. Both Railroads will need to re-adjust their networks to reinstate normal operations in Montreal while at the same time clear the backlogs in both Saint John and Halifax.” The liner operator added that it would not be possible to prioritise one container over another as the terminals will need to maximise their efficiency on the backlog of cargo. “We request customers to continue to monitor our website for schedule updates or further updates on the status at the impacted vessels and ports (Saint John / Halifax / Montreal),” said the carrier. Source : Containernews Your feedback is important to me so please drop me an email if you have any photos / articles that may be of interest to the maritime interested people at sea and ashore PLEASE SEND ALL CORRESPONDENCE / PHOTOS / ARTICLES TO : [email protected] this above email address is monitored 24/7

PLEASE DONT CLICK ON REPLY AS THE NEWSLETTER IS SENT OUT FROM AN UNMANNED SERVER If you don't like to receive this bulletin anymore : please send an e-mail to the above e- mail address for prompt action, your e-mail address will be deleted ASAP from the server Torm: Strongest half-year since 2008 In the first six months of 2020, Torm achieved profit before tax of 128.2 million dollars, compared to 28.7 million dollars for the same period of 2019. The result is thethe strongest half-year in 12 years. Solid operational performance in Q3.“The strong market during the first quarter continued into the second quarter of 2020, which has resulted in the strongest half-year since 2008”, says Jacob Meldgaard, CEO of Torm. “I am pleased that Torm’s strong financial position allows us to distribute a total of USD 63m, or DKK 397m, in dividends to our shareholders for the half-year”, Jacob Meldgaard says. “Further, I am pleased that at this point in the third quarter of 2020, TORM’s solid operational platform has secured strong bookings that indicate a positive result for the whole quarter”. The second quarter of 2020 was characterized by significant market volatility with product tanker rates reaching all-time high levels by the end of April, supported by temporary export boosts and floating storage. The strong market was a result of the COVID-19 outbreak that dramatically reduced oil demand while the OPEC+ price war at the same time resulted in an increased oil production in March and early April. This led to stock building of an unprecedented scale, including floating storage. Especially operational floating storage due to discharging issues at terminals and refineries tied up product tankers and effectively removed vessels from the market. However, by the end of June, rates had come off as the oil market started to rebalance, resulting in a significant part of the tonnage in floating storage being released. Current uncertainties in the

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product tanker market are driven by the speed towards normalization of the demand and supply situation in the oil market. Torm’s Board of Directors has decided to declare an ordinary dividend of USD 63.2m, equivalent to USD 0.85 per share. Payment is expected on 10 September 2020 to shareholders of record on 27 August 2020, with the ex-dividend date on 26 August 2020. The distribution corresponds to 50% of net income for the six months ended 30 June 2020 and is in line with the Company’s Distribution Policy. As of 30 June 2020, 18% of the remaining total earning days in 2020 were covered at an average rate of USD/day 23,027. As of 13 August 2020, the coverage for the third quarter of 2020 was 68% at USD/day 17,928. For the individual segments, the coverage was 86% at USD/day 22,357 for LR2, 69% at USD/day 21,003 for LR1, 64% at USD/day 16,633 for MR and 63% at USD/day 7,100 for Handy. Source: Torm …. PHOTO OF THE DAY …..

Iskes GINGER riding high North of the Dutch Island Terschelling during a Southwesterly 7 Bft wind Photo : Flying Focus Aerial Photography www.flyingfocus.nl ©

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