Ship Repair Market Updates 15/04/2022

[Osman Kaya Turan - OKT Shipping]

 

OKT Shipping Limited (ISTANBUL)

Ship Newbuilding, Docking & Repair Division

E-mail: o...@oktshipping.com

 

RE: Ship Repair Market Updates 15/04/2022

 

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-          Belçika,

-          Fransa,

-          Monaco,

-          Hollanda

-          İspanya ve

-          İtalya

 

 

 

ISSUE: April 15^th 2022
SHIP REPAIR
NEWSLETTER

 

BELGIUM

 

• CMB ups ammonia-ready Beihai bulk carrier tally with newcastlemax duo
• Frontline and Euronav in $4.2bn deal to create world’s biggest oil tanker fleet

CMB ups ammonia-ready Beihai bulk carrier tally with newcastlemax duo

CMB has added two newcastlemax bulk carrier newbuildings to its orderbook at Chinese yard Qingdao Beihai Shipbuilding Heavy Industry.

Brokers said the Belgian shipowner is paying about $66m each for the 210,000-dwt vessels, to be delivered in the second half of 2024.

Benoit Timmermans, chief commercial officer of CMB’s dry bulk division Bocimar, said the vessels, along with the others the company has ordered at the yard, are dual-fuel ammonia-ready. This is part of their fleet renewal with future-proof vessels which are — on the basis of conventional fuel — already 20% more fuel-efficient than newbuildings delivering today.

Shipowners that have ordered ammonia-ready tonnage have said their vessels will have deck areas marked out for strengthening to take future bunker tanks to hold higher-density ammonia.

Fuel and pathways for a gas supply system, which would require double walling for ammonia, are also being mapped out on ships.

In 2021, CMB ordered eight newcastlemax bulkers at Qingdao Beihai, starting with a quartet and adding a further two ships in October and then again in December. This initial octet is due for delivery in 2023.

 

Frontline and Euronav in $4.2bn deal to create world’s biggest oil tanker fleet

Two of the world’s biggest independent operators of crude oil tankers, Frontline and Euronav, have agreed to merge through an all-share transaction that will create the world’s biggest oil tanker fleet by capacity.

The plans mark the latest bet by Norway-born shipping tycoon John Fredriksen on the future of oil shipping, a market that is depressed. Fredriksen holds about 40 per cent of Frontline through his Hemen Holding vehicle and in year 2021 built a stake of almost 10 per cent in Euronav.

Frontline said the combined group would have a market capitalisation of more than $4.2bn based on the two companies’ share prices. Frontline is listed on the Oslo and New York stock exchanges, while Euronav is listed in New York and on Euronext.

Fredriksen said the merger would create a “market leader in the tanker market” and position the combined group for “continued shareholder value creation” in addition to “significant synergies”. The new Frontline would be able to offer value-enhancing services for their customers and increase fleet utilisation and revenues which would benefit all stakeholders.

Frontline said the new group would own 69 very large crude carriers — the largest commonly-used size, which hold 2mn barrels of oil each — and 57 Suezmaxes, which hold 1mn barrels. The group will also own 20 LR2 and Aframax tankers, for oil products.

FRANCE

 

• Ponant signs up polar cruise ship for ABB MarineCare
• CMA CGM Group strengthens strategic logistics development with GEFCO acquisition
• CMA CGM closes its acquisition of two major logistics firms
• CMA CGM ships to stop loading plastic waste from mid-April
• CMA CGM, Maersk, others join initiative for net-zero end-to-end logistics

Ponant signs up polar cruise ship for ABB MarineCare

Ponant has signed up its LNG-fueled hybrid-electric exploration cruise ship Le Commandant Charcot for ABB’s MarineCare services.

Le Commandant Charcot became the first cruise ship of its type to reach the geographic North Pole. The 150 meter long, 245-passenger, Le Commandant Charcot was built at the Vard Tulcea shipyard in Romania, and delivered from Vard Søviknes in Norway last year after final outfitting and delivery.

The comprehensive 10-year service agreement with ABB provides round-the-clock remote support, diagnostics and condition monitoring support for the ship, as well as preventive and planned maintenance and spare parts. The service scope also includes warranty for the ship’s energy storage system, supplied and integrated by ABB.

ABB says the key benefits of ABB MarineCare include increased safety, reduced operational, maintenance and administration costs and maximized vessel uptime. Regular maintenance and continuous awareness of asset health status enable possible issues to be resolved remotely,

 

CMA CGM Group strengthens strategic logistics development with GEFCO acquisition

The CMA CGM Group is acquiring nearly 100% of the capital of GEFCO, European leader in automotive logistics and international expert in multimodal supply chain.

The acquisition has been submitted to competition authorities for approval and will strengthen the range of logistics services that CEVA Logistics, CMA CGM’s logistics subsidiary, provides to its customers, especially in France and the rest of Europe.

Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, commented that the acquisition of GEFCO represents a further step in their development strategy and strengthens their position as a global player in transport and logistics. With GEFCO, their subsidiary CEVA will become the world leader in automotive logistics, having recently enhanced its capabilities in e-commerce logistics with the acquisition of Ingram Micro CLS.

The CMA CGM Group’s intention is for GEFCO to continue operating in a secure regulatory framework, then to boost its development, especially in international markets, by harnessing the Group’s market-leading technology and logistics capabilities. GEFCO will benefit in the future from CEVA Logistics’ expertise and network, enabling it to expand both its business and its customer portfolio.

With the deal to acquire GEFCO, the CMA CGM Group is moving forward with its plan to develop and provide end-to-end shipping and logistics solutions in order to support its customers’ supply chains.

 

CMA CGM closes its acquisition of two major logistics firms

CMA CGM has finalised its acquisitions of Ingram Micro’s Commerce & Lifecycle Services (CLS) activities and Colis Privé.

The group’s logistics subsidiary CEVA Logistics initially signed a $3 billion deal to acquire most of Ingram Micro’s CLS business in December 2021. The agreement included Shipwire and the firm’s CLS activities in North America, Europe, India, and certain countries in Latin America. Activities in Asia-Pacific, Mexico, and Costa Rica are set to close in the near term.

According to CMA CGM, this operation enables the group to strengthen its capabilities in contract logistics and eCommerce, making CEVA Logistics the fourth-largest global player in contract logistics services.

The group has also finalised its acquisition of 100 per cent of Colis Privé, a player in last mile, smaller parcel logistics.

The move will enable CEVA Logistics to accelerate the growth of its eCommerce service offering, particularly in last mile delivery in France.

 

CMA CGM ships to stop loading plastic waste from mid-April

CMA CGM informed that no plastic waste will be loaded onboard the company’s vessels from 15 April 2022.

Plastic waste is identified under HS code category 3915. To ensure effectiveness of this measure, CMA have set up ban on HS code for commodities concerned in their booking system.

With this move, the company aims to help protect the oceans and biodiversity as part of its corporate social responsibility policy.

CMA CGM wants to prevent this type of waste from being exported to destinations where sorting, recycling or recovery cannot be assured.

Backed by a fleet of more than 500 vessels, CMA CGM is committed to the energy transition in shipping.

As a pioneer in the use of alternative fuels such as LNG, biofuel, renewable methane, etc., the company has set a target of carbon neutrality by 2050.

 

CMA CGM, Maersk, others join initiative for net-zero end-to-end logistics

A consortium comprising more than 25 global companies and organisations is developing new guidance to quantify the impact of greenhouse gas logistics emissions in an effort to increase the transparency of carbon emissions and work towards a net-zero logistics sector.

Smart Freight Centre, a non-profit organisation dedicated to carbon-free logistics, and the World Business Council for Sustainable Development have started an initiative to advance the quantification of logistics emissions by developing ‘actionable and implementable’ guidance in partnership with numerous global companies, including shipping giants CMA CGM and Maersk.

The objective is to enable companies to better understand and track their carbon emissions on a granular operational level, enhance industry collaboration and support businesses in the implementation of their decarbonisation strategies and achievement of net-zero targets.

CMA CGM,s vice president of Sustainability commented that they will be using the GLEC Framework for its future Searoutes eco calculator. This new guidance will enable CMA CGM to beneficiate a more efficient tool to better understand and track its carbon emission. This will be an important step forward for the Group and for its customers as part of its commitment to become Net Zero Carbon by 2050.

 

MONACO

• V.Ships takes over management of two of Genting Hong Kong's Asia-based cruise ships

V.Ships takes over management of two of Genting Hong Kong's Asia-based cruise ships

V.Ships Leisure has taken over the management of two cruise ships that were last operated by Genting Hong Kong’s Dream Cruises brand.

The Monaco-based ship manager has been tasked with keeping the 150,700-gt cruise ship World Dream and 151,000-gt cruise ship Genting Dream in warm lay-up while liquidators Alvarez & Marsal Asia deal with the fallout of Asian cruise giant’s financial collapse.

The addition of these two ships brings the number of Genting ships that are being managed by V.Ships to five.

The ship manager took over the technical management of the three cruise ships operated by Genting’s Crystal Cruises brand in March.

The World Dream has been under arrest in Singapore since the beginning of March at the request of KfW IPEX-Bank while the Genting Dream, which is owned by a consortium of Chinese banks led by the Bank of Communications, is laid up in Hong Kong.

Dream Cruises’ third ship, the 75,300-gt cruise ship Explorer Dream was recently moved from Taiwan to an anchorage off Port Klang in Malaysia to join the four ships that were last operated by Genting's Star Cruises brand.

 

NETHERLANDS

 

 

• Boskalis to splash the cash on hybrid conversions for offshore fleet

Boskalis to splash the cash on hybrid conversions for offshore fleet

Boskalis is to spend “sizeable” amounts of money on hybrid retrofits for its offshore vessels.

The giant contractor and shipowner said it will convert “numerous” ships through the use of energy storage systems. The “power packs” will cut fuel consumption and associated carbon dioxide and nitrogen oxide emissions by an average of up to 20%.

The battery systems will also provide a power supply and energy storage while the vessels are docked and contribute to quieter and more efficient operations offshore.

The modifications, which will be completed over the next two years, will be carried out on the 217-loa crane vessels Bokalift 1 and 210-loa Bokalift 2, two construction support vessels and two diving support vessels.

Boskalis already employs a range of technologies on its ships, including special dashboards to enhance efficient fuel usage and the use of biofuels. The company said reductions in emissions are in part dictated by the readiness and global availability of suitable alternatives to fossil fuels.

Boskalis owns 211 ships and is best known for its dredgers and tugs.The group also has a big fleet of anchor-handling tug supply units, platform supply vessels, cable layers, research ships and semi-submersible heavylifters.

Two ships are currently on order: an anchor-handling tug and a multipurpose support vessel for delivery this year.

 

SPAIN

 

 

• Baleària inks first green loan in Spanish shipping sector

Baleària inks first green loan in Spanish shipping sector

Baleària has signed the first sustainable financing agreement in the Spanish shipping sector with a green loan of EUR 80 million

The funding was calculated using the interest rate based on two environmental indicators: the number of eco-sustainable vessels and the number of vessels with electrical connections when docked, used by the company.

Under the slogan Rumbo Verde, Baleària shares its commitment to the environment and its participation in projects related to the use of renewable energies, such as green hydrogen or biomethane, seeking to achieve carbon-neutral shipping by 2050.

Baleària seeks to lead the transformation of Spain’s shipping sector by reducing pollution through the use of cleaner energies. For this purpose, it has nine dual-engine boats that use gas and it aims to expand this eco-efficient fleet by at least three more units over the next 5 years.

To reduce emissions both on journeys and in ports, Baleària has begun to invest in providing vessels with an electrical connection to the port when they are docked to enable them to remain operational without using fuel.

The company recently embarked on a project to build the first electric passenger and cargo ferry that will be pollution free during port stays and approaches and incorporate green hydrogen on an experimental basis.

Sources: marinelog.com, hellenicshippingnews.com, porttechnology.org, offshore-energy.biz, tradewindsnews.com, ft.com

ITALY

 

• D’Amico completes clear-out of veteran tankers with $9.2m MR deal
• MSC statement on acquisition of Bolloré Africa logistics
• MSC enhances Seagull service
• MSC omits Charleston from its String 1 service
• MSC reinstates service as port congestion eases in Seattle

D’Amico completes clear-out of veteran tankers with $9.2m MR deal

d’Amico International Shipping has confirmed the sale of its last old product carrier in a $9.2m transaction.

The disposal of the 47,000-dwt MR vessel High Priority (built 2005) will generate $7m in cash after paying commissions and clearing the loan on the tanker.

The DIS fleet now comprises 36 double-hulled LR1, MR and handysize ships, with an average age of 6.6 years.

Chief executive Paolo d’Amico said the vessel was the last remaining oldie in the fleet.

With the sale of this last old ship, d’Amico International Shipping has now fully completed its multi-year fleet renewal plan, which saw their company ordering 22 newbuilding ships and selling all their older tonnage.

DIS’ owned and bareboat fleet will now consist of 84% “eco” tonnage. This enhances the company’s commercial competitiveness and earnings potential, especially given the very high fuel costs the sector is currently facing, and the environmental regulations which will come into force from 2023.

The High Priority was then sold to Norwegian leaseback financier Sole Shipping in 2017 for $13m and chartered back. d’Amico repurchased the vessel under an option for $9.7m in February 2021. The tanker had been next on the sales slate after a series of disposals in 2021.

The owner made a healthy profit from the sale of another old MR tanker in December 2021. The company agreed on a price of $10.3m for the 47,000-dwt High Valor (built 2005).

Brokers are also reporting the sale of an open-hatch handysize bulker by the d’Amico group, the 39,000-dwt Cielo di Monaco (built 2014), for $24m to an undisclosed buyer.

 

MSC statement on acquisition of Bolloré Africa logistics

MSC Group confirms that it has entered into a share purchase agreement with Bolloré SE relating to the acquisition of 100% of Bolloré Africa Logistics for a purchase price based on an enterprise value, net of minority interests, of 5.7 billion euros.

The signing of this agreement follows a thorough and positive consultation process with representatives of employees of the Bolloré Group.

The acquisition of Bolloré Africa Logistics reaffirms MSC Group’s longstanding commitment to invest in Africa and to strengthen supply chains across the continent, as well as connecting it to the rest of the world.

 

MSC enhances Seagull service

MSC has announced it has updated its Seagull service with a new weekly port call at Da Chan Bay, China.

The service will now call in both North and South China, offering shippers direct connections to more ports across the country.

The first vessel on the revised rotation will be the AMALTHE, voyage number HU218A, which is expected to arrive in Shanghai on 4th of May 2022.

The new port rotation is as follows:

Shanghai (China) – Ningbo (China) – Vung Tau (Vietnam) – Laem Chabang (Thailand) – Singapore – Tanjung Pelepas (Malaysia) – Penang (Malaysia) – Port Klang (Malaysia) – Singapore – Tanjung Pelepas – Qinzhou – Hong Kong (China) – Shanghai.

 

MSC omits Charleston from its String 1 service

MSC has announced that it will temporarily omit the Port of Charleston from its US to South Asian East Coast String 1 service due to increased waiting time for vessel berthing brought on by the ongoing congestion crisis.

In an effort to enhance schedule reliability, the suspension will start from 18 April with voyage 213A on the Agios Dimitrios vessel.

The omission will remain valid until further notice.

Congestion across shipping lines is currently affecting other supply chains.

 

MSC reinstates service as port congestion eases in Seattle

MSC shipping line has announced that it will reinstate Seattle on the Eagle service, which connects Asia to North America.

MSC announced the omission of the Port of Seattle from its Eagle service due to increased waiting time for vessel berthing brought on by congestion on the line.

The first sailing after the omission is now estimated to depart from Kaohsiung on 10 April on the Maersk Seville vessel.

The revised port rotation will be the following:

Kaohsiung – Xiamen – Yantian – Ningbo – Shanghai – Busan – Vancouver – Seattle – Yokohama – Busan – Kaohsiung.

Sources: hellenicshippingnews.com, porttechnology.org

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[Osman Kaya Turan - OKT Shipping]

 

OKT Shipping Limited (ISTANBUL)

Ship Newbuilding, Docking & Repair Division

E-mail: o...@oktshipping.com

 

RE: Ship Repair Market Updates 27/02/2023

 

İyi çalışmalar!

 

Uluslararası Armatör müşterilerimiz ve partner Tersane Temsilcilerimizden gelen bilgiler dahilinde, Gemi Onarım Piyasaları için aşağıda belirtilen ülkeler bazında hazırlanan raporu, toplu halde aşağıda bulabilirsiniz..

 

Isteğiniz halinde sizler de yayınlanması için gelişme ve başarı haberlerinizi ingilizce olarak tarafımıza yeni inşaalar dahil gönderebilirsiniz. Bültenlerimiz Avrupa, Amerika ve Uzak Doğu başta olmak üzere dünya üzerinde Müşteri ve Tersanelerimize gönderilmektedir.

 

• Belçika,
• Fransa,
• Monaco,
• Hollanda
• İspanya ve
• İtalya

 

 

 

 

ISSUE: February 27^th 2023
SHIP REPAIR
NEWSLETTER

 

 

BELGIUM

 

• Euronav strikes fleet-wide tanker optimisation deal that promises huge fuel savings
• Euronav banks $22m on sale of elderly million-barrel tanker

Euronav strikes fleet-wide tanker optimisation deal that promises huge fuel savings

Tests indicate Belgian start-up Toqua’s system can more than double fuel savings from traditional ship performance models.

Belgian tanker owner Euronav is implementing a fleet-wide rollout of compatriot vessel performance start-up Toqua’s voyage optimisation system that they say can more than double fuel savings in comparison to traditional ship-performance models. The fleet-wide deal has followed extensive tests of Toqua’s Ship Kernels system on one of Euronav’s VLCC tankers over 16 voyages, spanning four trades in both directions and different seasons.

The tests were carried out in two pilot projects over the past two years and led to the fleet-wide installation deal that will be completed this year, irrespective of the tanker giant’s takeover battle with Frontline. The system uses sensors to monitor and improve vessel performance for weather and speed routing. Algorithms estimate the impact of wave height and angle, wind speed and angle and currents on the speed-fuel relationship of specific ships, to minimise fuel consumption.

Seb van den Berg, senior fleet performance analyst at Euronav, said: “Our study concluded Toqua’s Ship Kernels were able to double the fuel savings potential of weather routing, underlining the importance of having good ship-performance models.” The improvement was in comparison with traditional ship-performance models.

Euronav said its study had been a controlled and conservative approach to assessing fuel-saving potential. Actual savings may vary depending on route, weather conditions, vessel performance, charterparty limits, other optimisation settings and human behaviour, but it declared first indications are very promising.

Euronav banks $22m on sale of elderly million-barrel tanker

The first disposal of 2023 sees suezmax leave the fleet as renewal continues.

The company said the 159,000-dwt suezmax Cap Charles (built 2006) had been delivered to an unnamed owner on 16 February. The price was not given, but the deal will generate a capital gain of $22.1m.

The Cap Charles is debt-free. Vessels value assesses the ship as worth $36.5m, up from $21m a year ago as tanker values continue to increase. Aside from two floating storage and offloading vessels and a ULCC, all built in 2002 and 2003, the suezmax was the joint oldest vessel in the fleet, together with a sister ship Euronav’s last sale came in November when the Belgian owner confirmed the offloading of the 159,000-dwt Cap Guillaume (built 2006) for a capital gain of $14.3m.

In October, Euronav sold the 159,000-dwt sister suezmax Cap Philippe (built 2006). The owner also sold the world’s biggest tanker — the 442,000-dwt ULCC Europe (built 2002) — in October. The ship will be used for storage by VE Marine Services of Singapore.

The company also sold older vessels during the first half of 2022. In April, Euronav offloaded the 50:50-owned, 159,200-dwt Bari (renamed Leopard I, built 2005) for $21.5m. During the same period, it sold another two ships as well — the 159,000-dwt Cap Leon (renamed Nanda Devi, built 2003) and 159,000-dwt Cap Pierre (renamed Huelva Star, built 2004).

FRANCE

 

• CMA CGM Launches Acquisition of La Méridionale
• CMA CGM invests in methanol-fuelled container ship sextet
• CMA CGM looks to add more windshields to its fleet
• CMA CGM: 32 vessels are running on B30 biofuels
• France’s Socatra inks LOI for methanol-fuelled chemical carriers in China
• Bourbon and Horizon form new venture to drive offshore shipping consolidation

CMA CGM Launches Acquisition of La Méridionale

CMA CGM has entered into exclusive talks to acquire 100 percent of French shipping company La Méridionale in an effort to strengthen its Mediterranean presence.

La Méridionale operates regular passenger and freight transport services in the Mediterranean Sea, primarily between the French mainland, Corsica, and Sardinia. In 2020, it opened a regular route between Marseille and Tanger-Med. La Méridionale also provides logistics and freight transport services, including refrigerated transport for perishable goods. The company’s fleet includes four roll-on/roll-off passenger (RoPax) vessels

La Meridionale is committed to sustainable development and reducing its environmental impact, including through having implemented the use of low-sulfur fuel, shore power (cold ironing), and the installation of energy-saving equipment on its vessels.

CMA CGM said it will aim restore growth for La Méridionale through commercial synergies in France and abroad. It also said will invest in La Méridionale’s fleet and continue with the company’s energy transition efforts.

CMA CGM invests in methanol-fuelled container ship sextet

Owner already has 18 methanol-fuelled container ships under construction in Asia

CMA CGM is said to be investing in a $1.05bn series of methanol-powered large container ship newbuildings. The French liner giant has six LNG dual-fuel 15,000-teu container ships under construction at Chinese state-owned Jiangnan Shipyard and is now returning to the yard for larger vessels. But for its latest orders, it is opting for methanol fuelling.

Shipbuilding sources following CMA CGM’s newbuilding activities said it will order six 16,000-teu vessels that will be delivered between 2025 and 2026. The sextet is part of 16 newbuildings that CMA CGM said it would order in June last year as part of a strategy to diversify its energy mix and achieve net-zero carbon emissions by 2050.

CMA CGM already has 18 methanol-powered large container ships on its orderbook: six 15,000-teu newbuildings at China’s Dalian Shipbuilding Industry Co (DSIC) and a dozen 13,000-teu vessels at Hyundai Samho Heavy Industries in South Korea.

Once CMA CGM signs the newbuilding contract for six methanol-fuelled 16,000-teu vessels at Jiangnan, it will have an orderbook of 85 newbuildings, of which 45 are LNG dual-fuelled ships of between 2,000 teu and 24,000 teu.

 

CMA CGM looks to add more windshields to its fleet

Officials at CMA CGM have confirmed they will look to install bow windshields on other ships, if tests on a prototype installed on the 16,000 teu CMA CGM Marco Polo prove a success.

CMA CGM has followed Ocean Network Express (ONE) in installing a windshield, one of a host of innovations the group is working on to enhance the hydrodynamic performance of its fleet and reduce its consumption of fuel.

“This prototype is currently tested aboard the CMA CGM Marco Polo and is intended to be developed on a larger scale if the results are conclusive,” a spokesperson for CMA CGM said.

CMA CGM: 32 vessels are running on B30 biofuels

French container shipping major CMA CGM is bunkering biofuels on 32 vessels across its vast fleet as part of its decarbonization efforts.

The company started testing biofuels in 2019 to see whether they were compatible with the engines on the company’s ships. CMA CGM started using B25 biofuel and moved to B50 in 2020. CMA CGM has 32 vessels running on B30. “Biofuel is a big part of our roadmap to decarbonization,” Francois-Xavier Accard, Managing Director of CMA CGM.

CMA CGM launched a wider adoption of biofuels last year. The project entailed a six-month global trial involving up to 32 containerships running on different blends of biofuel to measure carbon dioxide (CO2) and nitrogen oxide (NOx) emissions in order to obtain a trend analysis. Some of these vessels were fuelled in Singapore with B24 biofuel, which comprises 24% used cooking oil methyl ester (UCOME) in the advanced biofuel blended with conventional fuels.

The company’s 10,640-TEU vessel, APL Paris, was the first of the group’s vessels on trial to be bunkered with biofuel in Singapore in February 2022. Later that year, the company also revealed that its 4,294 TEU CMA CGM Montoir containership was bunkered with TotalEnergies-supplied biofuel.

Biofuels are an easy fuel in the sense of handling and implementation as they can be used on the existing infrastructure. They provide an immediate solution to decarbonize shipping, as they can be blended or dropped into existing conventional fuels with little or no technological developments required on vessels. There are three generations of biodiesel: the first generation biofuel is produced from an existing row crop such as corn ethanol or soy biodiesel, and its potential use for maritime is in direct competition with agriculture; the second generation biofuels are derived from cellulosic biomass such as perennial grasses and the third generation biofuels are to be made from algae.

France’s Socatra inks LOI for methanol-fuelled chemical carriers in China

The company is ordering up to three methanol-fuelled chemical tankers at China Merchants Jinling Shipyard in Yangzhou

The French company has inked a letter of intent for two plus one 18,000-dwt newbuildings at CMJL Yangzhou. The deal is for two firm vessels plus an option for one additional ship to be delivered between end 2025 and first half of 2026. The company is ordering the 18,000-dwt chemical tankers on the back of charter contracts from oil major TotalEnergies. Source said TotalEnergies is considering methanol as an alternative fuel for smaller tankers where the higher capital expenditure for adding LNG dual-fuelled propulsion makes less economic sense.

Socatra currently has one 3,600-dwt chemical tanker under construction at CMJL Yangzhou. The newbuilding was ordered in 2020 and is due to be delivered this year. In 2021, Socatra ordered four 50,000-dwt MR tanker newbuildings at Hyundai Mipo Dockyard of South Korea as part of the company’s fleet renewal and expansion programme. Socatra sold three of the MR tankers when they were still under construction at HMD.

Bourbon and Horizon form new venture to drive offshore shipping consolidation

French and Canadian owners will jointly operate seven vessels in harsh environments

Offshore vessel owners Bourbon and Horizon Maritime are setting up a new company to bolster their harsh-environment services. They also want to drive sector consolidation by offering ship management to third parties. Bourbon Horizon will be incorporated in Norway and focus on North Sea and Canadian markets.

France’s Bourbon and Canada-based Horizon will run the new venture from Fosnavag in Norway and St John’s in Canada. The “base fleet” will consist of seven modern offshore support vessels: five platform supply vessels, a large anchor-handling tug supply ship (AHTS) and a multipurpose PSV (MPSV) that is currently configured for subsea and trenching services.

Bourbon has a fleet of 144 vessels

 

NETHERLANDS

 

• Fugro USV gets green light for UK waters

Fugro USV gets green light for UK waters

Fugro has received approval from the UK’s Maritime and Coastguard Agency (MCA) to operate the first uncrewed surface vessel (USV) with an electrical remotely operated vehicle (eROV) in UK waters.

The MCA granted Fugro’s Blue Essence category 2 approval, meaning the vessel can be operated within 60 nautical miles of a ‘safe haven’. The next stage in the UK regulatory process is obtaining Category 0 MCA approval which will allow the vessel unrestricted service subject to the agreement of relevant port authorities.

“The opportunities this development opens for UK operations are really exciting. Fugro’s Blue Essence fleet has already been successfully operating in Europe and Australia and recently completed a fully remote inspection off the coast of the Netherlands, in Europe’s busiest part of the North Sea, demonstrating the benefits of this innovative way of working,” said Nick Simmons, Director USV and Remote Working Europe and Africa at Fugro.

Blue Essence, developed in partnership with SEA-KIT International, is equipped with Fugro’s Blue Volta eROV and an array of geophysical equipment to undertake subsea inspection and site characterization surveys.

According to Fugro, the 12-meter-long USV is said to consume significantly less fuel than large ROV support vessels resulting in a 95 per cent reduction in carbon emissions and enabling real-time data delivery, leading to faster and more informed decision-making.

 

SPAIN

 

• Boluda buying 111-strong fleet of OSV and tug player Smit Lamnalco

Boluda buying 111-strong fleet of OSV and tug player Smit Lamnalco

Spanish group says deal will make it a world leader in its sector.

Spain’s Boluda Corporacion Maritima has pulled off a major coup by capturing the fleet of offshore and towage company Smit Lamnalco. The deal has been carried out through its Boluda Towage division, making it a world leader in the sector.

Boluda believes the combined operation has high growth potential and the capacity to further consolidate the industry. The Spanish group's activities will be boosted in Australia, the Middle East and West Africa, with a presence in 50 countries.

The new entity will have a fleet of more than 600 tugs, as well as 19 offshore support vessels (OSVs) controlled by Smit Lamnalco. The Rotterdam-based business has been sold by 50/50 partners Boskalis Group of the Netherlands, a shipowner, and Saudi Arabian ship manager and broker Rezayat Group. Smit Lamnalco owns 111 vessels. Boskalis has held its stake in the company since 1964.

Vicente Boluda Fos, chairman of Boluda Corporacion Maritima, said: "Boluda is a company that has never stopped growing and transforming itself. This new stage is the logical consequence of previous evolutions that, over the last few years, have made us number one in port logistics services and in the towage sector." The chairman believes the industry is at a turning point, impacted by the climate emergency and geopolitical tensions. “Shipping is at the centre of these issues, facing challenges like never before. As a global leader, we are aware of our responsibilities and we will continue to commit to sustainable development, which benefits society and its development,” he added.

 

ITALY

• MSC adds another 10 newbuilds in China
• MSC forges biofuels deal with DB Schenker
• MSC’s 2nd eco-friendly Explora cruise ship hits construction milestone

MSC adds another 10 newbuilds in China

An order for 10 dual-fuel 11,500 teu ships by Mediterranean Shipping Co (MSC) has been confirmed in China.

China International Marine Containers (CIMC), which has a 30% stake in Zhoushan Changhong International Shipyard, has detailed the ship orders with MSC opting for LNG dual-fuel, with the ships delivering in 2025 and 2026.

The vessels cost $120m per unit.
MSC, the world’s largest containerline, has a world record 132 ships on order.

 

MSC forges biofuels deal with DB Schenker

Swiss-based liner Mediterranean Shipping Co (MSC) and freight forwarder DB Schenker, a division of German rail operator Deutsche Bahn, have sealed a deal that aims to slash carbon emissions by using second-generation biofuels.

 

The arrangement covers 12,000 tonnes of biofuel component for all of DB Schenker’s consolidated cargo, LCL, FCL and reefer containers from MSC. DB Schenker said the amount of biofuel, derived from used cooking oil, is enough to save an additional 35,000 tonnes of CO2 equivalents along the entire production chain, adding that the purchase agreement “represents one of the largest carbon-insetting biofuel deals between a freight forwarder and a shipping company.”

The equivalent of around 30,000 teu may be shipped with net-zero CO2 emissions, depending on how the fuel is used, DB Schenker noted. The biofuel component will be blended between 20% and 30%, resulting in approximately 50,000 tonnes of blended biofuel to be used in MSC’s containerships.

Caroline Becquart, senior vice president of MSC, said: “Decarbonizing ocean freight cannot be achieved by a single player and requires collaboration between shipping and logistics companies and their customers. MSC Biofuel Solution is our first certified carbon insetting program that reduces emissions in our customers’ supply chains, accelerating the energy transition by creating demand for net-zero-carbon shipping and delivering direct CO2 savings.”

MSC’s 2nd eco-friendly Explora cruise ship hits construction milestone

Italian shipbuilder Fincantieri has hosted a coin ceremony for the second Explora eco-friendly cruise ship that is built for the Cruise Division of Swiss shipping giant MSC Group.

Explora II is part of an order for four luxury ships, to which two options have been added – Explora V and Explora VI.

The environmental technologies featured on the Explora ships are particularly sophisticated. The last four vessels (from III to VI) will be powered by liquefied natural gas (LNG), which is expected to eliminate local air pollutant emissions.

All vessels will also be equipped with the latest environmental and marine technologies, including the latest selective catalytic reduction technology, and shore power plug-in connectivity. Furthermore, the ships will include underwater noise management systems to help protect marine life, and a comprehensive range of onboard energy-efficient equipment to optimise engine use to further reduce emissions.

 

About OKT Shipping Limited
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[Osman Kaya Turan - OKT Shipping]

 

OKT Shipping Limited (ISTANBUL)

Ship Newbuilding, Docking & Repair Division

E-mail: o...@oktshipping.com

 

RE: Ship Repair Market, S&P and NB Updates 11/03/2023

 

İyi çalışmalar!

 

Uluslararası Armatör müşterilerimiz ve partner Tersane Temsilcilerimizden gelen bilgiler dahilinde, Gemi Onarım Piyasaları için aşağıda belirtilen ülkeler bazında hazırlanan rapor ile Sale & Purchase ve Newbuilding Market özetlerini toplu halde aşağıda bulabilirsiniz.

 

• Belçika,
• Fransa,
• Monaco,
• Hollanda
• İspanya ve
• İtalya

 

Isteğiniz halinde sizler de yayınlanması için gelişme ve başarı haberlerinizi ingilizce olarak tarafımıza yeni inşaalar dahil gönderebilirsiniz. Bültenlerimiz Avrupa, Amerika ve Uzak Doğu başta olmak üzere dünya üzerinde Müşteri ve Tersanelerimize gönderilmektedir.

 

Iyi haftasonları dileriz.

 

 

 

ISSUE: February 27^th 2023
SHIP REPAIR
NEWSLETTER

 

 

BELGIUM

 

• On land and at sea: Compagnie Maritime Belge in hydrogen fuelling
• Anglo-Eastern using Wärtsilä’s CII tool to boost fleet efficiency
• Jan De Nul, Tractebel, and DEME present offshore floating solar technology: SEAVOLT©

On land and at sea: Compagnie Maritime Belge in hydrogen fuelling

Compagnie Maritime Belge (CMB) has turned to hydrogen in a major way.

In November, its Windcat Workboats units ordered a series of commissioning service operation vessels (CSOVs) that will be powered by hydrogen. They were developed by sister company CMB.Tech and Dutch shipbuilder Damen Shipyards. The ships will be delivered in 2025 from Ha Long Shipyard in Vietnam. The CSOVs will serve accommodation, supply and construction needs for offshore wind projects.

In September 2022, Windcat ordered six more hydrogen-powered crew transfer vessels (CTVs) after trials of the Hydrocat 48. The dual-fuel vessel was the world’s first hydrogen-powered CTV.

CMB.Tech also developed the Hydrotug, billed as the world’s first hydrogen-powered tug. The vessel is slated to start operating in 2023 at the Port of Antwerp-Bruges, which is aiming to become climate neutral by 2050.

Anglo-Eastern using Wärtsilä’s CII tool to boost fleet efficiency

Anglo-Eastern has received an integrated carbon intensity indicator (CII) tool from Finnish technology group Wärtsilä.

Anglo-Eastern is using FOS to improve the operational activity, voyage efficiency, and overall performance of the vessels under its management.

In anticipation of the International Maritime Organization’s (IMO) EEXI and CII regulations, all 530 of Anglo-Eastern’s FOS-enabled vessels were upgraded with the CII Dashboard in December 2022.

Wärtsilä’s CII Dashboard will give the global ship manager full visibility of each vessel’s current performance.

Early action can thus be taken, enabling Anglo-Eastern to make better-informed decisions about a vessel’s carbon intensity so that it can improve its CII rating in the short term and position its managed fleet ahead of the IMO’s 2025 revisions.

Jan De Nul, Tractebel, and DEME present offshore floating solar technology: SEAVOLT©

Jan De Nul, Tractebel, and DEME introduce SEAVOLT©, a new offshore floating photovoltaic (PV) technology.

This technology is a result of joint research and development, combining the expertise of solar, environmental and offshore experts. SEAVOLT technology can withstand harsh offshore conditions while creating large surfaces that are protected from the waves. The modular design allows for easy adaptation to different sites and demands. Benefits include local renewable energy production and the possibility to install the panels in offshore windfarms. Another advantage is the addition of large volumes of renewable energy capacity in a relatively short time.

Philippe Hutse, Offshore Director at Jan De Nul Group commented that they are thrilled to launch the SEAVOLT technology, which represents the culmination of years of hard work and innovation in offshore PV technology together with their partners. SEAVOLT is a reliable, cost-effective, and environmentally friendly solution that can be deployed in even the harshest offshore conditions.

Luc Vandenbulcke, CEO of DEME Group said that they have developed SEAVOLT – a new renewable energy solution which has great potential to accelerate the clean energy transition. DEME believes combining solar and wind energy offshore provides fantastic opportunities for the future.

FRANCE

 

• Sourcing green LNG: CMA-CGM and biomethane

Sourcing green LNG: CMA-CGM and biomethane

CMA CGM made a splash in LNG-fuelled shipping when, in 2020, it rolled out the largest container ship powered by natural gas.

In the future, the ships can be fuelled with liquefied biomethane, also called bio-LNG, made from biological waste. Further in the future, liquefied e-methane or e-LNG, a synthetic fuel made using renewable electricity, could also join the mix.

CMA CGM highlighted biomethane among the goals of its $1.5bn Fund for Energies, which it launched in September 2022. Among the investments that it has already made, CMA CGM teamed up with energy company Engie to co-invest in the Salamander project, which will produce up to 200,000 tonnes of biomethane each year. Planned for the French port of Le Havre, the plant will begin operations in 2028.

CMA CGM also said it is involved in a planned plant in Amsterdam that will produce bio-LNG. The liner operator has said that the planned facility, led by Titan and BioValue, will produce enough of the fuel to power seven of the French liner company’s ships for a year, when it starts 2025. Titan has yet to confirm CMA CGM’s role.

The plant will start operations in 2025, with a plan to ramp up to its nameplate capacity of 200,000 tonnes per year.

 

NETHERLANDS

 

• Boskalis wins ‘sizeable’ Moray West offshore wind contract

Boskalis wins ‘sizeable’ Moray West offshore wind contract

Boskalis has secured a multidisciplinary role in the development of the Moray West offshore wind farm in Scotland.

On behalf of its client, Boskalis will carry out a large number of activities contributing to the development of this renewable energy project in the coming twelve months. The contract, valued between EUR 50 million and EUR 150 million, was awarded by Ocean Winds, the 50:50 joint venture between EDP Renewables and ENGIE dedicated to offshore wind energy.

The Moray West offshore wind farm is located off the east coast of Scotland in the Moray Firth. The 882 MW wind farm will have the capacity to power up to 640,000 homes in the United Kingdom. The development consists of 60 offshore wind turbines and two substations, all fixed on monopile foundations. Based on the large turbine size of 14.7 MW and water depths of up to 54 meters, extremely large XXL monopiles weighing up to 2,000 tons each will be required for this development.

Boskalis said the company has already carried out an offshore geophysical site survey that also included a survey for the identification of unexploded ordnance. Boskalis will transport a large number of the monopiles from the Far East to discharge at the port of Invergordon, near the project site. These monopiles – eight per voyage – will be transported on the heavy transport vessel White Marlin. Boskalis will carry out the seabed preparation activities by installing a layer of rock that will act as a filter and scour protection for the monopiles.

Boskalis will also deploy its DP crane vessel Bokalift 2 for the installation campaign. With its 4,000-ton crane, the Bokalift 2 will install the monopiles using its new upending hinge and motion-compensated pile gripper. The company will also deploy a vibro-hammer on this project. As a part of its campaign, Boskalis will install two substations with their respective transition pieces.

 

ITALY

• Container ship giant MSC swoops for a trio of vessels as S&P market finds momentum
• MSC Cruises sets date for MSC Euribia naming ceremony
• MSC: ‘We are willing and ready’ to further adopt alternative fuels
• MSC working with Suez Canal Authority to identify cause of grounding
• MSC ship loses more than 40 boxes overboard in bad weather

Container ship giant MSC swoops for a trio of vessels as S&P market finds momentum

MSC Mediterranean Shipping Company has continued its secondhand spending spree with a brace of midsized boxships from Taiwan’s TS Lines.

The company has purchased the 6,350-teu TS Dubai (built 2007) and 5,680-teu TS Mumbai (built 2003) in an en-bloc deal worth about $55m. The TS Mumbai is said to have fetched around $25m and the TS Dubai a price in the high $20m’s, according to European and Asian shipbrokers.

MSC is also linked to the purchase of the 4,738-teu CSL Sophie (built 2005) from Cyprus Sea Lines. MSC has been on a formidable spending spree and has purchased about 290 vessels since August 2020, according to Alphaliner estimates.

MSC Cruises sets date for MSC Euribia naming ceremony

The naming ceremony for MSC Cruises’ newest flagship, MSC Euribia, will take place in Copenhagen, Denmark, on June 8, 2023.

 

As a sister ship to MSC Grandiosa, she will measure 331 meters long by 45 meters wide and will carry some 6,300 passengers. Built by Chantiers de l’Atlantique, she is MSC Cruises second LNG-fueled ship. While MSC Cruises says the vessel marks another step forward for it in substantially reducing greenhouse gas emissions, with LNG fueling reducing CO2 emissions by up to 25%, it notes that, as bio and synthetic fuels become available, MSC Euribia’s emissions will be further reduced.

Several energy efficiency features help reduce and optimize engine use and the vessel will utilize an underwater radiated noise management system to minimize the effects of vibrations on marine life.

Starting her inaugural season in Northern Europe on June 10, 2023, MSC Euribia will offer 7-night sailings from Kiel, Germany and Copenhagen, Denmark to the stunning Norwegian Fjords including Geiranger, Ålesund, and Flaam.

MSC: ‘We are willing and ready’ to further adopt alternative fuels

MSC is ready to embrace alternative fuels as part of its commitment to decarbonize its operations, Claudio Abbate, Vice President of Maritime Policy and Government Affairs at MSC Group, said.

Abbate said the company was “willing and ready” to further adopt and embrace alternative fuel solutions while speaking in Lisbon for the Economist Impact World Ocean Summit 2023. Commenting on what the future holds for the sector given the rapidly evolving landscape of regulation and alternative fuels, Claudio pointed out the importance of fuel flexibility and maintaining a range of fuel options as what appears to be potentially viable or mainstream today may not be in the future.

MSC has the largest orderbook by far in the industry with around 134 containerships on order including the latest contract. In January 2023 MSC placed an order for ten LNG-fuelled boxships with Zhoushan Changhong, a joint venture between privately-owned Jiangsu Xin Chang Jiang Group and state-owned China International Marine Containers Group (CIMC). The ten 11,500 TEU vessels have been designed by CIMC’s subsidiary CIMC Ocean Engineering Design and Research Institute. The delivery of the newbuilds will be spread between 2025 and 2026.

Aside from the dual-fuel propulsion, enabling the vessels to run on both LNG and conventional fuel, the ships will also adopt the most-advanced ammonia-ready design. MSC has 14 megamax ships and 22 neo-panamax ships on order scheduled for delivery in 2023. The orders are spread between Chinese and South Korean shipbuilding majors.

In June 2022, the company took over its first LNG-fueled containership, MSC Washington. The LNG dual-fuel 14K TEU ultra large container vessel, equipped with LNG fuel gas supply system by C-LNG Solutions, was built by Yangzijiang Shipyard, China. The company also took over the second LNG-fuelled vessel from the batch MSC Virginia. MSC is exploring retrofitting projects involving various types of fuels including LNG and methanol for its existing fleet.

MSC working with Suez Canal Authority to identify cause of grounding

A huge MSC Mediterranean Shipping Company container ship spent several hours aground in the Suez Canal on 5th of March, 2023.

 

Traffic was able to keep transiting the canal during the incident involving the 16,652-teu MSC Istanbul (built 2015), the Suez Canal Authority (SCA) said. The Liberia-flag vessel was eventually refloated by tugs after going aground 78 km (48 miles) into the waterway while heading north. It was then able to continue its journey from Tanjung Pelepas in Malaysia to Sines in Portugal.

An SCA salvage team used four tugs — the Port Said, Mosaed I, Mosaed 2 and Mosaed 5 — to free the ship, according to SCA chairman Admiral Osama Rabie.

MSC confirmed that the ship was “briefly stuck” while under pilotage and in convoy for northbound transit. The company added that it is working closely with the SCA to better understand what may have caused the incident.

MSC ship loses more than 40 boxes overboard in bad weather

An MSC panamax boxship has lost more than 40 empty containers overboard during bad weather some 350 nautical miles east of Bermuda.

 

The incident was reported by the Bermuda Maritime Operations Center, which was advised via email from the MSC Shristi that it had lost a total of 46 boxes at three different times. The 4,738 teu Liberian-flagged vessel was on its way from Boston to the Dominican Republic.

MSC moved to minimise the risk of losing boxes by contracting with the Norwegian classification society DNV to implement the new Anti-Roll Assist system and ARCS (Anti-Roll for Containerships) class notation on about 100 ships. The contract covers dozens of its newbuildings, ships in operation, and vessels to be constructed, ranging in size from 1,800 teu to the largest vessels at some 24,000 teu.

 

Sale & Purchase

 

Indicative Prices (differences in sources)

 

Bulkers	5 yr old	10 yr old
Capesize	$44.0	$30.0
Kamsarmax	$29.5	$23.0
Ultramax	$29.0	$23.0
Tankers	5 yr old	10 yr old
VLCC	$100.0	$77.0
Suezmax	$67.0	$52.0
Aframax/LR2	$62.5	$50.0

 

Newbuilding

 

Tankers

Slow

 

Dry Bulkers

Slow

 

Others

Moderate

 

 

[Osman Kaya Turan - OKT Shipping]

 

OKT Shipping Limited (ISTANBUL)

Ship Newbuilding, Docking & Repair Division

E-mail: o...@oktshipping.com

 

RE: Ship Repair Market, S&P and NB Updates 28/03/2023

 

İyi çalışmalar!

 

Uluslararası Armatör müşterilerimiz ve partner Tersane Temsilcilerimizden gelen bilgiler dahilinde, Gemi Onarım Piyasaları için aşağıda belirtilen ülkeler bazında hazırlanan rapor ile Sale & Purchase ve Newbuilding Market özetlerini toplu halde aşağıda bulabilirsiniz.

 

• Belçika,
• Fransa,
• Monaco,
• Hollanda
• İspanya ve
• İtalya

 

Isteğiniz halinde sizler de yayınlanması için gelişme ve başarı haberlerinizi ingilizce olarak tarafımıza yeni inşaalar dahil gönderebilirsiniz. Bültenlerimiz Avrupa, Amerika ve Uzak Doğu başta olmak üzere dünya üzerinde Müşteri ve Tersanelerimize gönderilmektedir.

 

Iyi haftasonları dileriz.

 

 

 

ISSUE: March 28th 2023
SHIP REPAIR
NEWSLETTER

 

 

BELGIUM

 

• Exmar LPG linked to top-dollar deal for Hyundai Mipo gas carrier orders
• UN buys Euronav VLCC as operation to move oil from decaying FSO gets moving
• Jan De Nul introduces zero emissions Vaquita 01

Exmar LPG linked to top-dollar deal for Hyundai Mipo gas carrier orders

Midsize carriers to cost $74m each — just shy of the price paid for the world’s first LPG dual-fuelled VLGC

South Korea’s Hyundai Mipo Dockyard (HMD) has raked in a pair of midsize gas carrier (MGC) newbuildings at a record level. Korea Offshore & Shipbuilding Engineering (KSOE) said an unnamed European owner has signed up for two LPG carriers worth KRW 193bn ($148.3m) or around $74m per ship — just shy of the price paid for the world’s first LPG dual-fuelled VLGC that was ordered four years ago. KSOE did not disclose the identity of the buyer or the size of the vessels but said the MGCs would be delivered by October 2025.

Shipbuilding sources named Exmar LPG, a joint venture between Exmar and Seapeak — the former Teekay LNG Partners — as behind the order. They said the ships’ capacity would be 45,000 cbm and the price reflected that their dual-fuel engines would be equipped with shaft generators. They believe the newbuildings will be ammonia-ready.

The price tag for the MGCs is close to that paid for two LPG dual-fuelled, 86,000-cbm VLGC newbuildings that Exmar ordered four years ago at Jiangnan Shipyard, which were priced at $74.5m apiece. The two gas carriers, the Flanders Innovation and Flanders Pioneer, were said to be the world’s first dual-fuelled propulsion VLGCs and they were ordered against charter contracts from Equinor. The MGCs are believed to be optional vessels that the company has held at the yard since it penned two similar-sized gas carriers in November 2022. These two newbuildings will be powered by LPG.

At that time, Exmar director Jens Ismar said the new ships formed part of the company’s fleet replacement and expansion programme. He said the MGCs were larger than their standard peers but that their size included a bunker tank.

Brokers said the LPG dual-fuelled MGCs are costing Exmar about $69m each. HMD has scheduled delivery of the first vessel for November 2024 and the second ship for February 2025. Exmar’s website lists the company with a fleet of 20 MGCs, of which 17 are joint-venture vessels. Some 79% of the fleet is committed to employment.

UN buys Euronav VLCC as operation to move oil from decaying FSO gets moving

The United Nations Development Programme (UNDP) has found a solution of sorts to a pressing environmental concern off the coast of Yemen.

The UN body signed an agreement with Euronav, paying $55m for a VLCC as part of a UN-coordinated operation to remove more than one million barrels of oil from a decaying FSO that threatens a humanitarian and environmental catastrophe.

The FSO Safer has not been maintained since 2015 because of the conflict in Yemen. It has decayed to the point where there is an imminent risk it could explode or break apart, which would have disastrous effects on the region. A major spill would devastate fishing communities on Yemen’s Red Sea coast, likely wiping out 200,000 livelihoods instantly.

The ageing Euronav vessel to replace the FSO Safer is now in drydock for modifications and regular maintenance before sailing to the FSO Safer, currently moored about 9 km off Yemen’s Ras Issa peninsula. It is expected to arrive in early May 2023 for the operation with alvage company SMIT appointed to safely remove the oil and prepare the FSO Safer for towing to a recycling yard.

Jan De Nul introduces zero emissions Vaquita 01

Jan De Nul has just introduced the Vaquita 01 – one of their latest Unmanned Survey Vehicles and the little sister of the Beluga 01.

With its 2 metres by 1, this vehicle is one of the smallest ones in JDN fleet. Therefore, it can be easily deployed to perform hydrographic measurements in calm inland waters, such as rivers and lakes.

It is equipped with multibeam sonars to scan the seabed and a laser scanner to map the situation above water. This makes it useful in all phases of a dredging project: from the tender phase before the project to evaluation after the works.

Just like the Vaquita 02, it runs 100% on green energy and therefore has zero emissions. With its four batteries, it can even run for up to a full day without recharging.

FRANCE

 

• France’s CMA CGM buys 12% stake in compatriot Brittany Ferries
• CMA CGM Eyes Booming Car Carrier Market
• Banks seek buyer for Bourbon as offshore giant lines up $1bn expansion spend

France’s CMA CGM buys 12% stake in compatriot Brittany Ferries

CMA CGM has completed the acquisition of a 12% stake in compatriot company Brittany Ferries.

The French carrier has converted €25m ($26m) in financial support it provided in 2021 into shares in the largest French-flag ferry company. The agreement established a commercial partnership that will allow CMA CGM to use available cargo space on board Brittany Ferries’ services to the UK, Ireland and the Iberian Peninsula. Both groups planned to introduce new ro-ro services.

CMA CGM has made the move after forming a new division to spearhead the company’s growth into ro-ros, ropaxes and car carriers. The new division will focus on the company’s investment in Brittany Ferries, as well as the planned takeover of French ropax and ro-ro operator La Meridionale. The new unit will also oversee Neoline Armateur, which is building a wind-powered ro-ro vessel that CMA CGM is helping to finance.

The company will pursue expansion into the ro-ro and finished vehicle logistics sector via its French logistics subsidiary Gefco.

CMA CGM Eyes Booming Car Carrier Market

CMA CGM, already spreading its wings by entering the air cargo and logistics markets, is looking to charter four vessels, in an attempt to benefit from the booming car-carrying trade.

The car-carrier market has been red hot since 2022, with operators struggling with full ships, forcing shippers to book space three months or more in advance.

CMA CGM is not the only container line chasing the big car-carrying bucks; HMM is reportedly checking out the market and Cosco has ordered three more pure car and truck carriers (PCTCs), bringing its orderbook to 24 for its car division joint-venture with SAIC Anji Logistics, Guangzhou Ocean Car Carrier. Moreover, the traditional PCTC operators have also been ordering vessels, including Hyundai Glovis, with five on order, and Italian operator Grimaldi, with a 15-ship orderbook.

The car-carrying business is expected to grow further, with the 7,000-unit size PCTC in particular demand. By 2030 electric SUVs are expected to make up 50% of the total cars carried at sea.

Marc Lefebvre, CMA CGM’s senior manager for security and safety of cargo, told a conference dedicated to the challenges of transporting li-ion batteries in London that there were “no solutions in the IMDG code” in how to deal with battery fires. He added that there needed to be cross-industry collaboration to prevent the batteries from igniting.

Banks seek buyer for Bourbon as offshore giant lines up $1bn expansion spend

A group of shareholding banks is looking to sell French offshore shipping giant Bourbon following a takeover and restructuring in 2019.

The operator of 262 ships worth more than $1.3bn has had a confidential document drawn up to entice buyers. The Project Alcyone paper, seen by TradeWinds, outlines a €1bn ($1.05bn) “repositioning” plan up to 2027, including more than €500m of fleet renewal and a focus on floating offshore wind operations. Bourbon is owned by a company formed by the banks called Societe Phoceenne de Participations (SPP).

Five core French lenders — BNP Paribas, Credit Agricole, Credit Mutuel, BPCE and Societe Generale — swapped debt for equity as former principal Jacques de Chateauvieux lost control of the company in dire offshore markets. China’s ICBC Financial Leasing and UK-based Standard Chartered Bank later came on board as shareholders.

The fleet includes 47 platform supply vessels and 58 anchor-handling tug supply units operating globally. Bourbon has been slimming the fleet down, selling about 20 ships in 2022, 16 in 2021 and 15 in 2020. The owner is listed with one PSV still on order in China for delivery in 2023

Now the company is targeting the construction of its first dedicated floating offshore wind farm vessel in 2024. This will allow for “an industrial phase” from 2027 onwards. Bourbon, run by chief executive Gael Bodenes, is earmarking €154m for this ship. The group is also plotting orders for 95 crew and oilfield support ships at a cost of €407m.

 

NETHERLANDS

 

• Stolt Tankers snaps up modern Turkish duo as it tackles ageing fleet
• Van Oord’s new dredger hits the water
• Boskalis’ road to climate neutrality

Stolt Tankers snaps up modern Turkish duo as it tackles ageing fleet

Stolt-Nielsen company has big retrofit plans for stainless steel vessels

The company said two modern 15,000-dwt stainless steel vessels built in 2018 and 2019 have been added for inter-Caribbean services. Stolt Tankers will rename the ships Stolt Condor and Stolt Tucan but did not reveal their current identities. Delivery will be in the second quarter of 2023.

Brokers identified the tankers as the 15,100-dwt Turkish-built duo Chemical Atlantik (built 2018) and Preveze 1 (built 2019). The former has been acquired from Atlantik Denizcilik of Turkey, with a special survey due. The ownership of Preveze 1 is not clear.

Stolt Tankers has admitted it has an ageing fleet but is holding off from newbuildings. A portion of its fleet still dates from the 1990s, while nothing is newer than 2018. In 2022 the owner bought three handysize chemical carriers from Japan’s K Line, built in 2012 and 2013

Van Oord’s new dredger hits the water

The first of two water injection dredgers (WIDs) for Van Oord was successfully launched at the Vahali yard in Serbia.

After launching, the WIDs will be transported to the yard in Zwijndrecht where the outfitting work will take place.

In July 2022, Van Oord ordered the construction of two additional state-of-the-art water injection vessels from Kooiman Marine Group after the successful operation of sister vessels Maas and Mersey in 2021. The new vessels will have the same specifications, supplemented by innovative optimisations.

Energy management in this series of vessels was given special attention during the design phase. The water injection vessels will be equipped with a hybrid energy management system and will be able to store energy in batteries that can be used later for propulsion and other purposes. Diesel-electric engines will reduce carbon emissions. The new water injection vessels will comply with IMO TIER III legislation for reducing harmful NOx emissions and take account of EU STAGE V legislation.

Boskalis’ road to climate neutrality

In line with the Paris Agreement, Boskalis is committed to its target of becoming climate neutral across its global operations by 2050.

Boskalis continues to lower emissions associated with its Inland Infra dry earthmoving activities.

The company also invested in a range of low-emission equipment in support of its ambitions for all onshore construction projects in the Netherlands to become climate-neutral by 2030.

Investments in the onshore fleet include an electric dredger, electric asphalt sets, electric trucks and electric excavators.

During 2023, the company also began work with engine manufacturers to determine the optimum maintenance schedule for each of their vessels from the point of view of reducing fuel consumption.

To move towards climate neutrality, new ’clean’ fuels are needed for the international maritime industry.

 

ITALY

• MSC launches fresh raid on German secondhand market as vessel prices tumble
• World’s largest: Colossal MSC Tessa delivered to MSC
• World’s biggest container ship MSC Irina enters service
• Option advantage: ‘We don’t have to run round buying ships,’ says Paolo d’Amico
• Grimaldi-led JV takes majority stake in the Igoumenitsa Port Authority in €84M deal

MSC launches fresh raid on German secondhand market as vessel prices tumble

MSC Mediterranean Shipping Company continues to pick up large secondhand container ship tonnage.

The Geneva-based operator has bought the 8,814-teu Northern Justice (built 2010) for about $49m. That marks a remarkable fall in prices since the sale of a pair of sister ships in the second half of 2022.

In July 2022, the 8,814-teu sistership Northern Jupiter (built 2010) was sold for about $134m to AP Moller-Maersk, for whom it operates as the Maersk Shekou. MSC followed with the purchase of the 8,814-teu Northern Jasper (renamed MSC Jasper VIII, built 2009) in October 2022 for $85m.

The Northern Justice is the fourth in the series of Northern-J-type vessels that the Swiss-liner giant purchased from V.Ships Hamburg. The vessel is being acquired by MSC following the end of a two-and-a-half-year fixture where it has been making around $28,000 per day.

Two sisterships — the MSC Mumbai VIII (ex-Northern Jade) and MSC Mundra VIII (ex-Northern Julie, both built 2005) — were acquired in 2021 for $85m each. The latest acquisition takes the number of secondhand vessels that MSC has purchased since August 2020 to about 300.

World’s largest: Colossal MSC Tessa delivered to MSC

Chinese shipbuilder Hudong-Zhonghua Shipbuilding has delivered the giant 24,116 TEU containership MSC Tessa to its owner Mediterranean Shipping Company (MSC).

 

The massive vessel was independently designed by Hudong-Zhonghua and it belongs to the category of the world’s largest containerships based on its capacity. The shipyard said that the vessel is actually the largest vessel delivered so far, breaking the record of Ever Alot which was handed over in June 2022.

The giant boxship was ordered by China’s Bank of Communications Financial Leasing (Bocomm Leasing) for MSC in 2020 as part of a four-vessel deal worth an estimated $600 million. It comes equipped with a hybrid scrubber, small bulbous bow, large diameter propellers, and energy-saving ducts.

At the same time, the 400-meter-long ship uses air lubrication which reduces the total energy consumption and the corresponding total carbon emissions by 3% to 4%. It is classed by DNV classification society. The vessel’s deck area is close to 4 standard football fields, the molded depth is 33.2 meters, and the maximum stacking layers can reach 25 layers, the equivalent of 22 stories. It can carry more than 240,000 tons of cargo, and it can load 24,116 standard containers at a time. The shaft generator is also used for the first time, which can effectively reduce fuel consumption, optimize EEDI energy efficiency indicators and reduce greenhouse gas emissions, the shipbuilder explains.

Hudong-Zhonghua Shipbuilding said that the second ship from the series has completed sea trials and that the third and fourth containerships are also under construction. The shipbuilder expects all three vessels to be delivered before August 2023.

The Swiss-based container shipping giant has the largest orderbook by far in the industry with around 134 containerships on order including the latest contract.

World’s biggest container ship MSC Irina enters service

MSC Mediterranean Shipping Company has again smashed the record for the world’s largest container ship.

The world’s largest container shipping company has taken delivery of the 24,346-teu MSC Irina (built 2023) — the first of six sisters to be delivered from China’s privately held Yangzijiang Shipbuilding.

At 399.9 metres long and 61.3 metres wide, the vessel is so large it had to be floated out with a truncated deckhouse and funnel, according to Alphaliner, so that it could slip underneath a number of bridges that cross the Yangtze River. It was then completed at Jiangsu-Mitsui Shipyard at Taicang.

Delivery of the MSC Irina displaces the 24,188-teu OOCL Spain (built 2023) as the world’s largest boxship. That vessel is due to be phased into service in March after its delivery from Nantong Cosco KHI Ship Engineering.

MSC operates 40 big boxships of 19,000 to 24,000 teu and will receive a further nine in 2023, according to Alphaliner, widened its capacity lead over AP Moller-Maersk to more than 500,000 teu. MSC’s fleet stands at 4.75m teu compared with 4.19m teu for Maersk.

d’Amico International Shipping (DIS) is not joining the mad scramble for secondhand MR tankers.

‘We don’t have to run round buying ships,’ says Paolo d’Amico

The Milan-listed owner’s chief executive Paolo d’Amico commented that this is because it retains five purchase options for leased vessels at bargain prices. He said there are also options to buy four chartered-in tankers, which are not as cheap but remain below market prices. In these hot markets, scrapping will only happen when a ship is “really dead”, the CEO argues.

DIS has been busy buying leased MRs for big discounts to elevated asset prices. With secondhand values still rising, the company is also now thinking about selling.

There are a number of older vessels in the fleet that will probably be offloaded at the end of 2023 year or the beginning of 2024. One MR dates from 2010 and three from 2011. These are the four bought out of its joint venture with trader Glencore in 2022.

The owner spent $27.4m on Glencore’s 50% slice of Glenda International Shipping, giving it 100%. Glenda’s four vessels were the 47,200-dwt Glenda Melissa, Glenda Meryl, Glenda Melody (all built 2011) and Glenda Melanie (built 2010), valued at $96m at the time.

Grimaldi-led JV takes majority stake in the Igoumenitsa Port Authority in €84M deal

The joint venture established by the companies Grimaldi Euromed S.p.A., Minoan Lines S.A., and Investment Construction Commercial And Industrial S.A. (EKEV SA) signed an agreement with the Hellenic Republic Asset Development Fund (HRADF), which manages the privatization of Greek ports, for the purchase of a majority stake of the Igoumenitsa Port Authority (IPA S.A.).

Grimaldi revealed that the JV will assume 67% of the share capital of the port for a total price of EUR 84.17 million. The signature of the share purchase agreement comes after the approval of the Court of Auditors, while the ratification of the concession agreement between the Greek State and IPA S.A. by the Greek Parliament is imminent, Grimaldi said.

“Our investments will facilitate the growth of the port and, at the same time, the development of key European trade routes, of which Igoumenitsa represents the main gateway,” the President and Managing Director of Grimaldi Euromed S.p.A., Emanuele Grimaldi, pointed out.

The joint venture between Grimaldi Euromed and Greece’s Minoan Lines and Investment Construction Commercial and Industrial was selected as the preferred bidder for the port back in October 2022.

The agreement forms part of a wider privatization program covering ports and other public assets of the Greek government which is estimated to have raised over EUR 7 billion from privatizations over the past ten years.

 

MONACO

 

• Scorpio Tankers buys back six more ships

Scorpio Tankers buys back six more ships

Scorpio Tankers has repurchased six more ships slashing its debt by nearly $150m.

The Monaco-based company said it had given notice that it will exercise options to buy two 2016-built LR2 product tankers, the STI Grace and STI Jermyn, the 2019-built LR2 STI Lavender and three MR product tankers, the STI Magnetic and STI Marshall and STI Miracle built in 2019 and 2020, respectively. The company, which has a fleet of 113 product tankers, said the leases bear interest at LIBOR plus 3.5% per year and that buying the vessels back will result in a debt reduction of $149.8m.

The Emanuele Lauro-led owner has taken several debt reduction actions since last summer on the back of the fundamentally sound product tanker market. The deal follows the repurchase of six MRs from China’s CMB Financial Leasing, and an option taken to take back another eight ships, moves that slashed debt by around $240m.

 

 

 

[Osman Kaya Turan - OKT Shipping]

 

OKT Shipping Limited (ISTANBUL)

Ship Newbuilding, Docking & Repair Division

E-mail: o...@oktshipping.com

 

RE: Ship Repair Market, S&P and NB Updates 28/03/2023

 

İyi çalışmalar!

 

Faaliyet gösterdiğimiz bölgelerde gelişmeleri aktarmaya çalıştığımız bir yazımızı daha sizlerle paylaşmaktan memnuniyet duyarız.

 

Özellikle tamir, retrofit ve havuzlarda Çin bölgelerine azalan talep bu günlerde tersine dönmüş olup, özellikle Avrupalı Armatörlerimizin Çin tersanelerine taleplerinin arttığını ve hatta yığılmaların yakında başlayabileceğini öngörmekteyiz. Kısaca, Çin tekrar çevrimiçi oldu ve dünya tonajı geri döndü. Bu durum önümüzdeki günlerde tersane taleplerinde ya da coğrafyalarında değişimlere de yol açabilir.

 

Yeni inşaa ile ilgili olarak ise farklı bölgelerde farklı gemi tipi ve büyüklüklerine yönelik talepler hala yoğun iken gelinen noktada geçmiş dönemlerde yaşanan gelişmeler ve uygulamalar yeni inşa dinamiklerinin oluşmasında ve gerek kontrat gerekse diğer hususlarda armatör isteklerinin yeni kalıplara geçmesini sağlayabilir.

 

Dolayısıyla gerek tamir gerekse yeni inşa ve conversionlarda tersanelerimiz ve armatörlerimizin talepleri iyi izlemesi, sürec iyileştimelerine yönelmesi, Müşteri isteklerinin daha iyi tariflenmesi ve anlasılması, uygun tersane secimi ve değerlendirilmesinde ve calısan kadrolarının gelişmeler dahilinde eğitimine ve yönlendirilmesine odaklanması yararlarına olabilir.

 

Ayrıca Uluslararası Armatör müşterilerimiz ve partner Tersane Temsilcilerimizden gelen bilgiler dahilinde, Gemi Onarım Piyasaları için aşağıda belirtilen ülkeler bazında hazırlanan rapor ile Sale & Purchase ve Newbuilding Market özetlerini toplu halde aşağıda bulabilirsiniz.

 

• Belçika,
• Fransa,
• Monaco,
• Hollanda
• Hırvatistan ve
• İtalya

 

Isteğiniz halinde sizler de yayınlanması için gelişme ve başarı haberlerinizi ingilizce olarak tarafımıza yeni inşaalar dahil gönderebilirsiniz. Bültenlerimiz Avrupa, Amerika ve Uzak Doğu başta olmak üzere dünya üzerinde Müşteri ve Tersanelerimize gönderilmektedir.

 

Iyi haftasonları dileriz.

 

 

 

ISSUE: July 14^th 2023
SHIP REPAIR
NEWSLETTER

 

BELGIUM

 

 

• Exmar’s LPG carrier brings 1st full cargo of blue ammonia to Europe

Exmar’s LPG carrier brings 1st full cargo of blue ammonia to Europe

Exmar has revealed that its liquified petroleum gas (LPG) midsize carrier Kallo has delivered Europe’s first full cargo of blue ammonia.

On 27 June 2023, the LPG tanker Kallo owned by Exmar docked at the Port of Varna West with the first commercial shipment of blue ammonia to Europe.

The material was produced by the Saudi company Ma’aden and was destined for the Agropolychim fertilizer plant located in the town of Devnya.

The LPG carrier measures 181.7 meters in length, with a breadth of 29,4 meters. Exmar welcomed the 38,500 cbm ship into its fleet in 2017. It is classed by classification society Lloyd’s Register.

Agropolychim plans to launch to market one of the most demanded nitrogen fertilizers by farmers – ammonium.

Exmar is also working with Canadian fertilizer company Nutrien to develop and build a low-carbon, ammonia-fueled vessel to reduce maritime emissions. The collaboration aims to significantly reduce maritime transportation emissions and enable the commercial development of an ammonia-fueled vessel as early as 2025.

FRANCE

 

• Ponant seeks yard to build unique sun, hydrogen and sail-powered cruise ship

• CMA CGM drops Containerships brand name

Ponant seeks yard to build unique sun, hydrogen and sail-powered cruise ship

Ponant has unveiled a bold new cruise ship design to run on hydrogen, wind and solar power.

The aim of the Swap2Zero blueprint is to be emission-free by 2030.

Ponant said its research and development team has come up with a pioneering concept that combines six ground-breaking technologies that will redefine future navigation. The vessel aims to be a catalyst for new energy solutions for Ponant and the broader industry.

Ponant describes the design as a “technological revolution” that puts sustainability at the heart of the project. Swap2Zero will have around a hundred staterooms and a length overall of 181m.

The vessel will also host researchers involved in decarbonisation technologies when it is operational.

 

CMA CGM drops Containerships brand name

CMA CGM has dropped the Containerships brand, with all of the Finish subsidiary’s services coming under the unified CMA CGM name.

The French liner giant acquired Containerships from Finland’s Container Finance in 2018 and retained the brand for its intra-European services. In 2019, CMA CGM merged its two shortsea specialists, Containerships and MacAndrews, under one brand, creating one of the largest pan-European networks and combined service offerings in the region.

Founded in 1966, Containerships has over 30 ships and 700 trucks operating on more than 40 services across sea, rail, road, and river.

The Marseille-based carrier said the unit “has played a pivotal role” in expanding its array of multimodal solutions and that by incorporating this unified model into the company’s offerings, it would gain access to extensive solutions offered by Containerships.

NETHERLANDS

 

• Boskalis’ giant vessel wraps up its first decom gig by transporting FPU for recycling

Boskalis’ giant vessel wraps up its first decom gig by transporting FPU for recycling

Boskalis has revealed that its largest semi-submersible heavy transport vessel has completed its first decommissioning project, which enabled it to take a floating production unit (FPU) to a ship recycling facility.

Boskalis’ vessel Boka Vanguard was recently part of “a major marine decommissioning project” for the first time, after its subsidiary, SMIT Salvage, secured and disconnected an FPU off the West African coast late in 2023. The vessel transported this FPU to Scandinavia where it was delivered to a ship recycling facility.

The FPU is Zafiro Producer, which worked on ExxonMobil’s Zafiro oil field in Equatorial Guinea. This field is located in the 500,000-acre Block B, 68 km (42 miles) WNW of Bioko island, adjacent to the international border with Nigeria. The U.S. oil major was forced to stop production at the Zafiro field in September 2022 after water entered the ageing FPU.

The Zafiro Producer is a converted 268,191 dwt VLCC. The tanker was built in 1973, with an overall length of 331.5 m, a breadth of 56 m and a depth of 26.4 m. It has a draught of 20.5 m fully loaded, or 8.3 m ballasted. The FPSO was installed in 1996 and later the storage capacity was taken over by the Serpentina changing the Zafiro Producer into the FPU.

The Dutch player claims that it is able to deploy its vessels for multiple purposes, just like the Boka Vanguard vessel has been used to transport the 322-by-48 meter cruise ship Carnival Vista as well as a newly built 385-by-60 meter fish farm. This vessel also recently transported six caissons with a total weight of more than 93,000 tons, which was its heaviest cargo ever.

The 2012-built Boka Vanguard is a semi-submersible vessel for heavy transport and offshore dry-docking built by Hyundai Heavy Industries. With a bow-less design, it has a deadweight of 116,175 dwt and total installed power of 28,500 kW. The vessel can carry its load at a max speed of 14 knots.

Boskalis is currently working on the FSO Safer, thanks to a contract secured with UNDP through SMIT Salvage to remove oil from this tanker.

 

ITALY

 

• MSC welcomes another 24,000 TEU juggernaut into its fleet
• MSC scours Far East for LNG dual-fuel container ship sextet
• MSC bags Sinokor resales
• d’Amico International kicks off share buyback after stock split

MSC welcomes another 24,000 TEU juggernaut into its fleet

Yangzi Xinfu Shipyard, a subsidiary of Jiangsu Yangzijiang Shipbuilding Group, has hosted a delivery ceremony for the fourth 24,000 TEU containership built for MSC Group and China Development Bank Financial Leasing Co., Ltd.

The mega boxship MSC Mariella was delivered on 26 June 2023 at the company’s yard in China. The vessel features 399.9 meters in length and has a breadth of 61.3 meters. The ship’s depth is 33.5 meters.

According to the shipbuilder, the feeder is equipped with deeply optimized lashing system. It also boasts energy-saving measures such as an air lubrication system, a shaft generator, and wind resistance reduction optimization.

MSC also welcomed another 24,000 TEU containership MSC Gemma from Chinese shipbuilder Hudong-Zhonghua Shipbuilding Group. The delivery of the sea giant follows the vessel’s completion of sea trials at the beginning of May 2023.

MSC’s fleet build-up efforts have paved the way for the liner major to become the first ocean carrier to surpass a staggering 5 million TEU in fleet capacity.

The liner major has effectively doubled the size of its fleet in just eight and a half years, solidifying its position as a prominent force within the maritime sector. Namely, MSC has purchased 306 containerships with a capacity of 1.2 million TEU since August 2020.

 

MSC scours Far East for LNG dual-fuel container ship sextet

The liner giant is looking to order at least six 8,000-teu vessels

MSC Mediterranean Shipping Company is sticking to LNG dual-fuel ships despite planning to adopt ammonia as a zero-carbon fuel for future newbuildings. The liner giant has approached shipyards in South Korea and China for at least six 8,000-teu container ship newbuildings that can run on LNG or very low-sulphur fuel.

In May 2023, MSC disclosed that it was working on the design for an ammonia dual-fuelled, 8,200-teu boxship with Lloyd’s Register, Shanghai Merchant Ship Design & Research Institute and energy manufacturer MAN Energy Solutions. The aim is to give the company the option of adopting ammonia as a zero-carbon fuel for future newbuildings.

MSC, which overtook AP Moller-Maersk to become the largest liner company in the world, is the first carrier to reach a fleet capacity of more than 5m teu. The company has 74 container ship newbuildings ranging between 1,800 teu and 16,000 teu on order at shipyards in China and South Korea.

All of MSC’s 8,100-teu newbuildings and above are LNG dual-fuelled, while the firm new feeder ships of 1,800 teu and 3,700 teu will be powered by very low-sulphur fuel oil.

MSC chief executive Soren Toft said his company will rely on a mix of zero-carbon fuels to lower emissions. It is also working to have some of its vessels powered by methanol. It is retrofitting a few ships that would be able to burn methanol.

 

MSC bags Sinokor resales

Mediterranean Shipping Co (MSC) has pounced for a pair of boxship resales in South Korea.

MSC has bought two Sinokor 8,000 teu ships under construction at Hyundai Heavy Industries, paying $100m per unit for the vessels which will deliver in the first half of next year.

The two ships are part of a six-vessel series that Sinokor ordered in March 2022 for $98m each.

 

d’Amico International kicks off share buyback after stock split

d’Amico International Shipping (DIS) has taken the first steps in a potential €45m ($48.5m) stock repurchase drive.

The MR carrier specialist said that between 26 June and 30 June 2023 it had bought back 101,000 of its own shares, representing less than 0.1% of the equity, for a total of €346,600 ($377,700). The average price was €3.4318 each.

DIS now holds 2m of its own shares, or 1.62% of the company. On 27 June 2023, the company bought back 72,600 shares for €250,695. Under its previous authorisation in 2021, the company said it had not bought back any shares.

The company turned 10 shares into one in the split, boosting the trading price from around €0.36 in Milan to €3.61 now.

Chief executive Paolo d’Amico noted the company does not want to be in the “penny market” any longer, as many funds will not touch companies priced this low. He believes reducing the number of shares will instead boost the stock’s liquidity and attractiveness. The CEO feels the share is undervalued and should be rising after a $54m net profit in the first quarter.

MONACO

 

• Scorpio flips MR tanker bought out of Avic lease in November

 

Scorpio flips MR tanker bought out of Avic lease in November

Scorpio Tankers is about to boost its bank balance with the sale of an MR vessel that it bought out of a leasing deal in November 2022.

The New York-listed, Emanuele Lauro-led shipowner said the 50,000-dwt product carrier STI Ville (built 2013) has gone for $32.5m.

In November 2022, the Monaco-based owner took advantage of purchase options to boost its owned fleet against a backdrop of strong forward bookings. The STI Ville was among two LR2s, four MRs and two handymaxes bought back as part of sale-and-leaseback contracts.

China’s Avic Leasing sold the vessel back to Scorpio, having acquired it in 2018. The ship was worth around $34m, but the price at which Scorpio was able to take over ownership again was not revealed.

Scorpio has 112 tankers under its control. In June 2023, it sealed a mammoth new $1bn debt package tipped to accelerate its unwinding of higher-priced lease financing.

Management disclosed on 2 May 2023 in a quarterly earnings call that it was in talks with “a group of financial institutions” for a term loan and revolving credit facility that would run between $750m and $1bn. The effort proved to be “oversubscribed” by banks, Scorpio said. And while capped at $1bn, it also highlights a $200m accordion feature that can be declared in the next two years.

CROTIA

• Bulker owner Atlantska plots share sale worth up to €27.8m

 

Bulker owner Atlantska plots share sale worth up to €27.8m

Atlantska Plovidba plans to boosts its bank balance after a far less profitable period in dry cargo markets.

The bulker specialist said it will sell at least €13.9m ($15.2m) in new shares, and up to a maximum €27.8m. Only shareholders on record as of 28 July will be eligible to subscribe for stock in the issue, the owner added. The new shares will be priced in a range from €53.50 to €60 each.

Atlantska’s capital of €55.56m is divided into 1.39m shares without a set nominal value. The issue will consist of at least 348,875 and no more than 697,750 shares. Net profit in the first quarter slumped to €197,444, down from €8.9m in the same period of 2022.

The owner is listed with 15 vessels, ranging from handysizes up to kamsarmaxes.

 

 

 

[Osman Kaya Turan - OKT Shipping]

 

OKT Shipping Limited (ISTANBUL)

Ship Newbuilding, Docking & Repair Division

E-mail: o...@oktshipping.com

 

RE: Ship Repair Market, S&P and NB Updates 28/03/2023

 

İyi çalışmalar!

 

Uluslararası Armatör müşterilerimiz ve partner Tersane Temsilcilerimizden gelen bilgiler dahilinde, Gemi Onarım Piyasaları için aşağıda belirtilen ülkeler bazında hazırlanan rapor ile Sale & Purchase ve Newbuilding Market özetlerini toplu halde aşağıda bulabilirsiniz.

 

• Belçika,
• Fransa,
• Monaco,
• Hollanda
• İspanya

• İtalya ve
• Çin

 

Isteğiniz halinde sizler de yayınlanması için gelişme ve başarı haberlerinizi ingilizce olarak tarafımıza yeni inşaalar dahil gönderebilirsiniz. Bültenlerimiz Avrupa, Amerika ve Uzak Doğu başta olmak üzere dünya üzerinde Müşteri ve Tersanelerimize gönderilmektedir.

 

Iyi haftasonları dileriz.

 

 

 

ISSUE: October 30th 2023
SHIP REPAIR
NEWSLETTER

 

 

BELGIUM

 

• Exmar LPG takes plunge with world’s first ammonia-fuelled newbuildings

Exmar LPG takes plunge with world’s first ammonia-fuelled newbuildings

Joint venture Exmar LPG has made a pioneering leap by choosing to build two on-order midsize gas carrier newbuildings that the company expects will be the world’s first ammonia dual-fuel vessels.

The company, a joint venture between Belgian gas shipowner Exmar and Stonepeak-controlled owner Seapeak, said it intends to go ahead with ammonia as a fuel for two 46,000-cbm MGCs, which it has ordered at Hyundai Mipo Dockyard in South Korea.

The engines will be delivered by WinGD, and the fuel supply system will be by Wartsila Gas Solutions. The duo, which will carry their ammonia bunkers in two 500-cbm deck tanks, are scheduled for delivery dates in early 2026.

“The ships will be the first-ever oceangoing vessels to be propelled by dual-fuel ammonia engines, allowing for close to zero emissions trading when using ammonia,” the company said.

Exmar executive director Carl-Antoine Saverys said: “We are proud to be developing vessels with an operational carbon footprint reduction of 90%, which significantly exceeds the International Maritime Organization’s emissions reduction targets.

Saverys said the newbuildings were ordered earlier this year as LPG dual-fuelled ships, but the company has now declared the option it was holding to build them as ammonia dual-fuelled vessels. The choice of the new fuel is believed to have added around $2m to each vessel’s price.

While the company expects the two ships to be the world’s first delivered vessels running on ammonia, Saverys said Exmar — which has built something of a reputation for being first up with new ship designs like its move into floating storage and regasification units over 20 years ago — is not trying to be first.

The company usually charters out its vessels for periods ranging from six months to one year or longer and is currently in discussions with potential clients on the ships. Saverys believes the new vessels will likely trade between the US and Europe or possibly to the Far East or from the Middle East to Asia. He said the objective is for them to bunker blue or even green ammonia if any chartering counterparties they are talking to can supply the latter.

The groundbreaking newbuildings will be fitted with WinGD’s upcoming X52DF-A ammonia dual-fuel engine, which is due to start undergoing tests in the second quarter of 2024. Saverys said he is “very confident” that these will be delivered in time for Exmar LPG’s newbuildings as WinGD has done a great deal of preparatory work prior to the testing. But he added: “This is a pioneering project. We should be constructive about the way we tackle it.

FRANCE

 

• Louis Dreyfus to order methanol and wind-powered ro-ros for Airbus charter

• CMA CGM assigns $600 million for Port Liberty

Louis Dreyfus to order methanol and wind-powered ro-ros for Airbus charter

Louis Dreyfus Armateurs is to renew its ro-ro fleet for a renewed contract with charterer Airbus.

The new ships will be methanol dual-fuel and wind-assisted, the company said.

Louis Dreyfus Armateurs is listed with three small ro-ros built in 2004, 2008 and 2009, among its mixed bulker and offshore wind vessel fleet. They transport aircraft parts between production facilities in Europe and the US.

Airbus has now selected Louis Dreyfus Armateurs to build, own and operate three low-emission ships for entry into service from 2026. The new fleet is expected to reduce average annual transatlantic CO2 emissions from 68,000 to 33,000 tonnes by 2030.

This will contribute to Airbus’ commitment to reduce its overall industrial emissions by up to 63% by the end of the decade, compared to 2015 as baseline year, in line with the 1.5C pathway of the Paris Agreement on climate change.

Louis Dreyfus Armateurs said the older ships would be “gradually renewed” on the run between Saint-Nazaire and Mobile, Alabama.

The new ro-ros will be powered by a combination of six Flettner rotors, which are large, rotating cylinders that generate lift thanks to the wind. Dual-fuel engines will use diesel and green methanol. Routing software will also optimise the vessels’ journey across the Atlantic, maximising wind propulsion and avoiding drag caused by adverse ocean conditions.

“The vessels will be built in China. Final discussions with the yard are still ongoing and the signature should take place in the coming days.", spokeswoman for Louis Dreyfus Armateurs said.

 

CMA CGM assigns $600 million for Port Liberty

CMA CGM has revealed the names of its new terminals in the United States as the company embarks upon a $600 million upgrade at “Port Liberty New York” and “Port Liberty Bayonne”.

The terminals were acquired by CMA CGM from Global Container Terminals (GCT) in December 2022.

The investment will see the incorporation of the latest technology at the two facilities as well as a capacity increase. According to CMA CGM, post-investment, Port Liberty’s combined capacity will increase by up to 80%, allowing larger, more energy-efficient ships to dock.

The company is also working with the State of New York and the State of New Jersey to enhance rail and road infrastructure surrounding the multi-user terminals to create more direct access to freight rail lines and major highways, thereby aiding in Port Liberty’s decarbonization efforts by limiting the number of trucks needed for shipping and transportation.

Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, declared: “The acquisition of these two terminals is a reflection of our ongoing commitment to the US market in building more resilient and more sustainable supply chains. It is a major step forward in our strategy of developing and modernizing infrastructures here and around the world. “Port Liberty New York and Port Liberty Bayonne on the East Coast, together with FMS on the West Coast now rank as CMA CGM’s flagship terminals in North America. They will enable us to provide a better service offering to our customers.”

The investment in the terminals reinforces CMA CGM’s growing presence in the United States which now includes seven terminals.

NETHERLANDS

 

Stolt Tankers details carbon insetting program

Stolt Tankers details carbon insetting program

Stolt Tankers has outlined how the business’s carbon-insetting program is helping to reduce Scope 1 emissions and supporting its partners to lower emissions within their own supply chains.

Giorgio Guadagna, Stolt Tankers’ Business Partner – Sustainability and Decarbonization, explained that the program is supporting participants to achieve their respective sustainability goals.

For Stolt Tankers, this includes realizing its ambitions to reduce its carbon intensity by 50% (relative to 2008) and operate at least one carbon-neutral ship by 2030 and be fully carbon-neutral by 2050.

The program is looking at FAME-based (fatty acid methyl ester) biodiesel, which is best suited to the engines on Stolt Tankers’ ships. The fuel must also be ‘second generation’ meaning it is produced from waste, and ISCC certified to ensure its sustainability credentials.

Stolt Tankers has used 3,000 tonnes of this biofuel on a small number of ships completing voyages between Europe and the US. And there are plans to use it on more voyages before the end of this year and in early 2024.

In September Stolt Tankers teamed up with UK software company to launch a pilot project to further reduce CO2 emissions from the vessels. The initiative introduces behavioural change techniques to improve fuel efficiency offshore and supports Stolt Tankers’ aim to reduce emissions while continuing to protect people and the environment.

 

ITALY

MSC keeps recycling lead over closest top-five liner rivals
• MSC Euribia in first LNG bunkering op under Shell-MSC Cruises deal
• d’Amico Dry Cargo scores one-year deal for kamsarmax bulker above market assessments

MSC keeps recycling lead over closest top-five liner rivals

The MSC Levina is the 13th vessel to leave Swiss liner giant’s fleet on a final voyage to Alang’s recycling beach

MSC Mediterranean Shipping Company has sold yet another of its older container ships for recycling at a hand-picked Hong Kong Convention-compliant ship recycling facility at Alang.

The 2,880-teu MSC Levina (built 1989) is the 13th MSC-controlled container ship sold for recycling this year, putting the company far in the lead on the demolition front compared to its top-five liner operator peers. The 34-year-old container ship was sold for strict green recycling at $565 per ldt, or $7.26m.

MSC has recycled eight directly owned container ships so far this year, including the MSC Levina. A further five container ships have also been sold for recycling at MSC-approved yards at Alang. In comparison, the level of scrapping has been minimal for the other four top-tier liner companies.

The age profile of its fleet explains that MSC has been the most prolific seller of vessels for recycling. VesselsValue pegs the average age of its fleet at 15 years, whereas its immediate competitor’s range is between five and 12.

In most cases, the ships sent for recycling have likely long been paid off. The MSC Levina is a prime example. It has been in the MSC fleet for 25 years, having been acquired from Hanjin Shipping in 1998. MSC owns more than half the ships it operates, in contrast to its main competitors, who keep the ownership level of the operating fleet to less than half, focusing on owning only young vessels and adjusting their fleet strength by reducing the number of chartered vessels.

 

MSC Euribia in first LNG bunkering op under Shell-MSC Cruises deal

Shell Western LNG and MSC Cruises, the cruise division of MSC Group, have completed the first bunkering of LNG-powered vessel MSC Euribia in Rotterdam, the Netherlands, under the agreement for Shell to provide marine fuels for the line’s newbuild.

Pierfrancesco Vago, MSC Cruises’ Executive Chairman, said: “LNG is an important step forward in our ambition to achieve net-zero greenhouse gas emissions by 2050. The fuel is one in transition and poised to make way for carbon-neutral bio-LNG and eventually synthetic LNG that we look forward to using as and when they become available at scale as part of our longer-term decarbonization journey.”

“This new agreement further demonstrates the ongoing strategic cooperation between MSC Group and Shell towards achieving broader shared decarbonization objectives through our existing partnership, as reflected in our 2021 agreement for this purpose.”

MSC Cruises is said to have invested €3 billion in three LNG-powered cruise ships. The first is MSC World Europa, which set sail in December 2022, the second is MSC Euribia and the third, MSC World America, is expected to join the fleet in 2025.

MSC Euribia is currently operating in Northern Europe. In September 2023, during what was said to be the world’s first net-zero greenhouse gas emissions cruise ship voyage, it achieved an overall saving of 43 tons of bio-LNG fuel.

 

d’Amico Dry Cargo scores one-year deal for kamsarmax bulker above market assessments

Berge Bulk hires Medi Egadi at $15,500 per day.

d’Amico Dry Cargo has fetched a one-year fixture for a kamsarmax bulker at a rate higher than recent market assessments.

The Italian company, a unit of diversified shipowner d’Amico Group, has fixed the 81,800-dwt Medi Egadi (built 2018) for a year at $15,500 per day. The charterer, Singapore’s Berge Bulk, plans to take delivery of the vessel in China’s Port of Changjiangkou on 23 October.

Cesare d’Amico-led d’Amico Dry is the bulker division of d’Amico Group, which shipbroker Clarksons links to a fleet of 40 ships.

Its most recent charter outperformed recent assessments by Clarksons Research, which showed an average daily charter rate for an 82,000-dwt kamsarmax on a one-year deal at about $14,300 per day on 13 October, down from nearly $15,300 per day on 15 September.

CHINA

 

• From the last report prepared by our represented major Chinese Yard

 

From the last report prepared by our represented major Chinese Yard

The repair business is not good these months as lots of shipyards in China are working on partial load, so the competition is very harsh and the discount is very high.

Newbuilding is totally different, now almost the shipyards are fully booked to 2025 or some yards are booked to even 2027/28.

We expect that the repair condition will continue to next first quarter, most shipyards in China are not full, so the situation will be not so good.