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Fairplay Daily News

Continuously updated news for the shipping and maritime community from Fairplay International Shipping Weekly.

Published: Mon, 20 Nov 2017 01:06:13 GMT


Questions over Sungdong's future as orders dry up

Fri, 17 Nov 2017 11:43:00 GMT

Sungdong Shipbuilding & Marine Engineering’s future is now in limbo, having delivered the last confirmed order in its portfolio.

Chinese manganese ore group Ningxia Tianyuan sets up chartering outfit

Fri, 17 Nov 2017 11:40:00 GMT

China’s Ningxia Tianyuan Manganese Industry Co Ltd, the new owners of ConsMin in Western Australia, has set up its in-house shipping unit, Tianyuan Logistics Shipping (Hong Kong) Ltd to transport ore from the mine.

Shipowners' preferred share offerings are making a come-back

Fri, 17 Nov 2017 11:24:00 GMT

Public shipping companies are yet again tapping the preferred equity market, but only larger players with heavy timecharter coverage are making the cut.

Competition concerns persist as shipowners brace for MRV

Fri, 17 Nov 2017 11:15:00 GMT

Proprietary information to be required when the European Union’s (EU’s) new carbon data reporting scheme begins in January is a lingering concern for shipowners competing aggressively for customers’ cargo.

New Teekay pool marries ethylene and small-scale LNG shipping

Fri, 17 Nov 2017 10:56:00 GMT

Teekay LNG Partners announced on 15 November the launch of the Teekay Multigas Pool, a new in-house management structure for ethylene-capable LPG and small-scale LNG vessels.

Vermont UM directors charged with ‘cheating' on fuel delivery payments

Fri, 17 Nov 2017 10:41:00 GMT

Two directors of the now-defunct Singapore-based bunker supplier Vermont UM Bunkering have been been charged for cheating and criminal breach of trust as part of a government crackdown on fuel delivery discrepancies.

Can alternative reality fill in for seafarer training?

Fri, 17 Nov 2017 09:50:00 GMT

Augmented reality technology could step in to support crew in daily tasks but there are questions around de-skilling and connectivity that need answering.

Connectivity spurs performance-based contracting

Fri, 17 Nov 2017 09:49:00 GMT

An emerging trend as a result of constant connectivity and improved sensor technology is that of owners negotiating performance-based contracts with equipment manufacturers.

Connecting with the crew of the future

Fri, 17 Nov 2017 09:49:00 GMT

Crew welfare remains an important focus of connectivity at sea and is proving to be a vital factor when it comes to attracting and retaining skilled maritime workers, particularly those from younger generations who are likely to be tech-savvy.

Hamburg throughput hurt by Elbe dredging hold-up

Fri, 17 Nov 2017 08:34:00 GMT

Growing numbers of mega ships were unable to enter and leave the Port Hamburg fully loaded because of draught restrictions on the Elbe River, and holding up the deepening work is hitting the container throughput and hurting the national economy.

Early settlement of USD1.85 billion Prestige award ‘unlikely'

Thu, 16 Nov 2017 14:51:00 GMT

The London P&I Club said on 16 November that an early settlement of the EUR1.57 billion (USD1.85 billion) compensation award made by a Spanish court for pollution caused by the 2002 Prestige disaster was unlikely.

DSME cuts price of MSC's mega ships

Thu, 16 Nov 2017 09:46:00 GMT

Daewoo Shipbuilding & Marine Engineering (DSME) has followed Samsung Heavy Industries (SHI) in discounting the price of five 22,000 teu container ships contracted by Mediterranean Shipping Company (MSC) in September.

Issue refund guarantees to STX O&S quickly, South Korean commerce chamber urges

Thu, 16 Nov 2017 09:32:00 GMT

Changwon Chamber of Commerce has urged that refund guarantees for STX Offshore & Shipbuilding be granted at the earliest to secure the shipbuilder’s newbuilding orders from Greek owner Oceangold.

Bank pressure could spur more shipping loan-portfolio sales

Thu, 16 Nov 2017 09:09:00 GMT

As tightened regulations compel European banks to shed shipping exposure, loan portfolio sales to private-equity buyers may accelerate – with significant consequences for shipowning borrowers.

Product tanker outlook brightens as US stocks fall to within 10-year average

Wed, 15 Nov 2017 16:43:00 GMT

The outlook on the product tanker market has improved as stocks of crude oil, gasoline, and distillates in the United States are now within their 10-year average, said Kim Ullman, CEO of the Gothenburg-based listed product tanker owner Concordia Maritime.