COVID Crisis: Gearbulk Changes Business Model Due To Continued Weak Dry Bulk Markets

port of rotterdam bulk carrier

The latest cost reduction measure initiated by Gearbulk is the renegotiation of charter rates with Japanese shipowners who have their vessels on long term charters to the company. As an industrial tonnage provider, Gearbulk needs at all times to operate a competitive fleet balanced with cargo commitments; a number of the charter contracts made in earlier years are based on newbuilding prices and rates which are no longer sustainable going forward.

“The unforeseen and unfortunate pandemic crisis...

https://www.marineinsight.com/shipping-news/covid-crisis-gearbulk-changes-business-model-due-to-continued-weak-dry-bulk-markets/

1 Piracy Incident And 3 Armed Robberies In Asia During Last Week – ReCAAP ISC

1 Piracy Incident And 3 Incidents Of Armed Robbery Against Ships In Asia In A Week

During 14-20 Apr 20, four incidents of piracy and armed robbery against ships in Asia were reported to the ReCAAP ISC. Of the four incidents, one was a piracy incident (CAT 41) that occurred on board a VLCC while underway in the South China Sea. The three incidents of armed robbery against ships were a CAT 32 incident that occurred on board a container ship while anchored at Manila International Container Terminal (MICT) Breakwater, Philippines, two CAT 4 incidents that occurred on board , a...

https://www.marineinsight.com/shipping-news/1-piracy-incident-and-3-armed-robberies-in-asia-during-last-week-recaap-isc/

BIO-UV Group’s BWTS Technology Adapted To Kill Coronavirus On Surfaces

BIO_SEA

The ultra-violet light technology used to kill the invasive species found in ships’ ballast water tanks can be used to protect seafarers, health workers and fist-responders from picking up the coronavirus from surfaces.

Following research by the France-based company behind the BIO-SEA ballast water treatment, a surface disinfection system will be ready for market introduction by the end of May.

A prototype scanner based around BIO-UV Group’s proven UV-C reactor technology is currently being...

https://www.marineinsight.com/shipping-news/bio-uv-groups-bwts-technology-adapted-to-kill-coronavirus-on-surfaces/

LR And UMAS Release Groundbreaking Research For Zero-Emission Vessels

WEB_ABB and Ballard Power Systems to jointly develop zero-emission fuel cell

LR and the University Maritime Advisory Services (UMAS) have published their latest assessment of the current and future fuels available to shipping to help define the optimum solutions as the maritime industry seeks to reduce greenhouse gas emissions.

Building on groundbreaking research already undertaken by LR and UMAS into Zero-Emission Vessels (ZEVs) and potential transition pathways to decarbonization, the report examines the three primary pillars of the adoption of zero-carbon fuels when...

https://www.marineinsight.com/shipping-news/lr-and-umas-release-groundbreaking-research-for-zero-emission-vessels/

US: Small Shipyards Receive Grant Of Nearly $20 Million From MARAD

membrane type LNG carrier

The U.S. Department of Transportation’s Maritime Administration (MARAD) awarded $19.6 million in discretionary grants to 24 U.S. small shipyards through the Small Shipyard Grant Program. The funding will help modernize America’s small shipyards, making them more efficient in constructing commercial vessels.

“This $19.6 million federal government investment in the nation’s small shipyards will help maintain the U. S. shipyard infrastructure of our country,” said U.S. Secretary of Transportation...

https://www.marineinsight.com/shipping-news/us-small-shipyards-receive-grant-of-nearly-20-million-from-marad/

COVID Crisis: Port Of Rotterdam’s Throughput Volume Falls In Exceptional First Quarter

maasvlakte2-terrein-apmt-en-ect-delta-foto-danny-cornelissen_Port Of Rotterdam Continues 247 Operations

Impact of coronavirus pandemic will continue to have a severe impact on goods throughput and the logistical process, particularly in the coming months.

The coronavirus pandemic led to highly exceptional conditions in the first quarter of 2020, with severe worldwide disruption of production processes and logistical chains. Closed factories, stricter border controls and restrictions on personal freedom of movement have disrupted society around the globe.

This unprecedented situation and the...

https://www.marineinsight.com/shipping-news/covid-crisis-port-of-rotterdams-throughput-volume-falls-in-exceptional-first-quarter/

Seafarers Continue To Highlight Their Worries And Concerns To Human Rights At Sea

KVH To Support Seafarers With VoIP Calls

A steady stream of contact from concerned seafarers continues to flow into the UK charity, Human Rights at Sea. In the majority of cases, the issues being raised are ones being communicated to highlight facts and concerns which seafarers feel are being under-reported rendering them invisible and without a voice. Notably, virtually all seafarers who communicate with the charity do not want to be identified due to their worries about retribution for speaking up.

The common threads of concern focus...

https://www.marineinsight.com/shipping-news/seafarers-continue-to-highlight-their-worries-and-concerns-to-human-rights-at-sea/

IMO Council – Action Urged To Keep Shipping Flowing

New IMO department_headquarters

The thirty-first extraordinary session of the Council was held by correspondence, due to the extraordinary circumstances as a result of the COVID-19 pandemic. This was the first IMO meeting not held live in the history of the Organization.

Solidarity in the pandemic

The Council joined IMO Secretary-General Kitack Lim in expressing its solidarity with all Member States and other stakeholders during the unprecedented COVID-19 pandemic and commended them for their concerted efforts to contain the...

https://www.marineinsight.com/shipping-news/imo-council-action-urged-to-keep-shipping-flowing/

IMO: Customs And Ports Urged To Maintain Flow Of Critical Goods During Pandemic

IMO Customs And Ports Urged To Maintain Flow Of Critical Goods During Pandemic

Trade by sea must continue to flow to maintain the continued provision of essential goods, including vital medical supplies, during the unprecedented global situation arising from the COVID-19 pandemic. This was the message of a joint statement from the heads of the International Maritime Organization (IMO) and the World Customs Organization (WCO), issued on Friday (17 April).

IMO Secretary-General Kitack Lim and WCO Secretary General Dr. Kunio Mikuriya strongly urged customs administrations and...

https://www.marineinsight.com/shipping-news/imo-customs-and-ports-urged-to-maintain-flow-of-critical-goods-during-pandemic/

8 Crew Members Kidnapped By Pirates On Board Container Ship In Gulf Of Guinea

Nigerian Naval Force

On 19th April, Sunday, a Portuguese flagged Container Ship TOMMI RITSCHER with 4785 TEU Capacity, was said to be approached by a speedboat, from which, a group of pirates boarded the vessel.

The incident took place in the Gulf Of Guinea off Cotonou, Benin.  The container ship is currently involved in an ongoing incident at Zone 3 Cotonou Anchorage.

Image Credits: Dryad Global – Twitter

11 crew members are said to be locked in the citadel, while 8 are being held hostage outside.

Nationalities of...

https://www.marineinsight.com/shipping-news/pirates-board-container-ship-and-hold-8-crew-members-as-hostages-locks-down-11/

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