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LNG Flexibility Increasing, But Market Remains Uncertain

By MarEx 2018-10-21 19:30:43

Global natural gas markets are being reshaped by the development of major emerging LNG buyers led by China, and the rising production and exports form the U.S., according to the third annual edition of the International Energy Agency’s Global Gas Security Review.   China’s supply shortfall over the last winter, which triggered ripple effects around the world, highlighted the pivotal role of LNG in enhancing global gas security and flexibility of supply, and the analysis finds that, while...

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Al Shuwaikh

130,000 Sheep Caught in “Paperwork Game”

By MarEx 2018-10-21 17:46:29

Australia's Department of Agriculture (DAWR) has granted a livestock export license to Perth-based Rural Export & Trading WA (RETWA), and the company is now preparing to export 130,000 sheep - critics say this indicates that the government is being treated as “fools.”  RETWA’s livestock export license will be used to supply markets in the Arabian Gulf, primarily Kuwait, Qatar and the UAE. The company is the Australian subsidiary of Kuwait Livestock Transport and Trading (KLTT), which operates in Kuwait as...

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Loneliness at Sea to be Investigated

By MarEx 2018-10-21 16:58:19

Danish health and safety company CONOVAH has received funding for a project looking into loneliness at sea. The new project aims to put a spotlight on loneliness at sea and how this is affected by changes in the role of managers and technological developments. The project also aims to identify issues that contribute to a feeling of loneliness among Danish seafarers, especially managers, and young seafarers’ expectations and demands when it comes to loneliness. This will also include identification of...

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Ten Scrubber Questions Answered

By MarEx 2018-10-20 17:40:06

The Clean Shipping Alliance 2020, a new organization consisting of 25 leading maritime companies representing over 2,000 ships, answers 10 questions about scrubbers.   1.    How does a scrubber reduce sulfur oxide (SOx) emissions? A scrubber sprays alkaline water into the vessel’s exhaust, which removes SOx from the ship’s engine and boiler exhaust gases. In a seawater system the sea’s natural alkalinity largely neutralizes the results of SO2 removal before discharge back to the sea. In a fresh water...

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Trump Administration Seeks to Influence IMO Sulfur Rule Rollout

By MarEx 2018-10-19 13:32:21

The Trump administration is expected to call for a gradual rollout for the IMO sulfur rule rather than the single-step implementation planned for Jaunary 1, 2020. The rule is expected to result in an increase in the cost of middle distillates, which would be an unwelcome development for any president in an election year.  “Few things terrify an American president more than a spike in fuel prices,” said Bob McNally, former energy adviser to former President George W. Bush,...

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Video: IMO Promotes Just-In-Time Operations

By MarEx 2018-10-17 20:09:36

Reducing the amount of time ships spend waiting outside port and at anchor could significantly reduce ship emissions, according to studies carried out by members of the IMO GloMEEP Global Industry Alliance (GIA). A new GIA video explaining the Just-In-Time concept was shown at IMO Headquarters, during a presentation to delegates on the sidelines of the IMO Intersessional Working Group on Reduction of GHG Emissions from Ships this week. Implementing “just-in-time” ship operations means ships receive information in advance so...

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Credit: HRAS

Charity Intervenes and Abandoned Officer Gets Paid

By MarEx 2018-10-17 19:07:33

The U.K.-based charity Human Rights at Sea (HRAS) has intervened to facilitate the successful repatriation of an Ethiopian Chief Officer who was abandoned on Kish Island in Iran. The officer's wages have also been paid after negotiations led by HRAS Iranian intern, Sayedeh Hajar Hejazi. The charity was contacted by the seafarer on October 12. He had completed a six month contract which had been extended by four further months without pay before the owner had deducted two months and...

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ONE Warns of $600 Million Loss in its First Year

By MarEx 2018-10-16 18:44:13

Japanese carrier Ocean Network Express (ONE) expects to book an unexpected $600 million loss in its first fiscal year due to "teething problems," rising fuel prices and staffing shortages. ONE operates the combined container fleets and containerized cargo businesses of MOL, "K" Line and NYK, and it faced significant difficulties early this year as it attempted to integrate the three lines' organizations and booking systems. Utilization of ONE's combined fleet was just 73 percent in the first quarter of operation,...

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Credit: Netpas

Netpas Releases Revolutionary Maritime Mail Analyzer

By MarEx 2018-10-16 16:44:49

Netpas has officially released the industry's first maritime mail analyzing solution Netpas MMA (Maritime Mail Analyzer).  Netpas, well known for its port distance table tool currently used by the largest number of users and companies around the world, has developed Netpas MMA to analyze cargo and tonnage offer mails and create an associated database on user’s local pc only. It automatically analyzes the mail using criteria set by user and provides various options for searching, filtering and matching to...

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Scorpio Reverses Course, Opts for Fleet-Wide Scrubber Installations

By MarEx 2018-10-16 11:07:27

Monaco-based shipping firm Scorpio Group has decided to retrofit scrubbers onto virtually all of its product tankers and bulkers, reversing its skepticism about the technology's viability. As recently as last month, Scorpio had suggested that it did not plan to make a major investment in scrubbers. “We have long maintained that the IMO 2020 regulations are both disruptive to the shipping industry generally as well as a powerful demand catalyst for product tankers," said Scorpio Tankers chairman and CEO Emanuele Lauro...

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