Guangzhou Shipyard International delivers first of four ro-pax ferries to MSC | Rig Jobs

The first vessel of four ro-pax ferries ordered by MSC Mediterranean Shipping Group from Guangzhou Shipyard International has been delivered and officially named GNV Polaris, according to the company’s release.

GNV, the passenger business unit of MSC Mediterranean Shipping Group, and Guangzhou Shipyard International, a subsidiary of China Shipbuilding Group, have a contract to build four luxury ro-pax ferries.

The new ro-pax ferry will join the fleet of Grandi Navi Veloci (GNV), the passenger ferry operator of MSC Mediterranean Shipping Group, and will commence operations in Europe in January 2025 in the Mediterranean region.

GNV Polaris is a 1,500-ro-pax vessel with 3,100 linear meters of rolling stock. This is the first time that a ro-pax passenger vessel independently designed, specified and built in China will operate in Europe.

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Call to action on Fuel EU compliance | Marine Mantra

The EU’s FuelEU Maritime regulation, set to take effect in January 2025, looks set to further shake up the industry, as it continues on its path to net zero. As part of the EU’s Fit to 55 package, FuelEU aims to accelerate the decarbonisation of maritime operations through increasingly stringent emission targets and penalties.

A briefing note from Norton Rose Fulbright partner Philip Roche and client knowledge director Kelli Bodal Hansen states that there is “much for shipowners and operators to consider” on FuelEU. “There is a misconception that the EU ETS is a charterers’ problem and FuelEU is an owners’ problem,” they say. “But the position is more complex than this and FuelEU compliance is an issue which owners, charterers, ship managers and others will all have to face in the coming months.”

The regulation clearly states that the Document of Compliance (DOC) holder is solely responsible for FuelEU compliance. This places a significant burden on ship managers, who may have limited control over operational decisions affecting emissions.

Shipowners, charterers, and ship managers must carefully review their contracts to address FuelEU compliance.

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Post-MEPC 82: adapting regulations to reality | Shipboard Jobs

The Marine Environment Protection Committee’s 82nd meeting (MEPC 82), held shortly after the implementation of the D-2 standard on 8 September 2024, marked a pivotal moment for ballast water management systems (BWMS).

A Riviera webinar, Post-MEPC 82 (October 2024) issues, hosted by Riviera on 14 October 2024, brought together experts from across the sector to discuss the MEPC 82 agenda and the evolving challenges facing the BWMS industry.

Panellists included Mouawad Consulting chief executive Jad Mouawad, EcoHarbor president Mark Riggio, Intertanko assistant manager environment Will Sturdy, and Global TestNet chair Guillaume Drillet.

Topics ranged from regulatory developments and compliance, to operational challenges in water quality, and the transition of BEMA. 

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A Record September And All-Time Best Quarter At Port Of Los Angeles

The Port of Los Angeles handled a record 954,706 Twenty-Foot Equivalent Units (TEUs) in September, a 27% increase over the previous year. It marked the close of the busiest quarter ever at the Port, which processed 2,854,904 TEUs in the last three months.

Nine months into 2024, the Port of Los Angeles is 18% ahead of its 2023 pace.

“Just as impressive as these new records is the fact that we managed all this cargo with skill and efficiency,” said Port of Los Angeles Executive Director Gene Seroka. “None of this would be possible without the incredible efforts of our longshore workers, truckers, terminal and rail operators, and other supply chain partners. Their hard work has allowed us to achieve all these records and still be able to handle additional volume.”

Matt Shay, President and CEO of the National Retail Federation, joined Seroka at today’s media briefing. Shay discussed the impact of the East and Gulf Coast labor disruption on retailers as well as supply chain trends for the fourth quarter.

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Port of Long Beach Sees Strongest September on Record | Sea Vessel Jobs

Demand for holiday-related goods nudged the Port of Long Beach to its most active September and busiest quarter on record as shippers continued to move goods ahead of a labor contract deadline for seaports on the East and Gulf coasts that resulted in a three-day strike at the start of October.

Dockworkers and terminal operators moved 829,499 twenty-foot equivalent units last month, up just 70 TEUs from the previous record set in September 2023. September also marked the Port’s fourth consecutive monthly year-over-year cargo increase. Imports increased 2% to 416,999 TEUs, exports declined 12.8% to 88,289 TEUs and empty containers moving through the Port rose 1.5% to 324,211 TEUs.

“We have plenty of room across our terminals as the peak shipping season drives a record amount of cargo through this critical gateway for trans-Pacific trade,” said Port of Long Beach CEO Mario Cordero. “We are anticipating continued growth through the rest of the year as retailers stock the shelves for the winter holidays.”

“Our ability to work with industry and workforce partners allows us to move large volumes of cargo reliably, quickly and sustainably,” said Long Beach Harbor Commission President Bonnie Lowenthal. “Additionally, we continue to deliver strong customer service to meet the needs of consumers and the national supply chain.

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US sanctions on Iran to tighten China crude flows, raise shipping costs | Merchant Navy Jobs

The latest US sanctions on Iran, in response to its missile attacks on Israel, are expected to tighten crude flows to China and reduce the competitiveness of these barrels due to a shortage of ships and higher shipping costs in the near term, Chinese refinery and trade sources told S&P Global Commodity Insights on Oct. 14.

These sanctions, along with worries about further measures, if the Iran-Israel conflict escalates, could create prolonged uncertainty for China’s independent refiners, the biggest customers for Iranian crude, leading them to consider alternative supply options.

“Most of those vessels shuttled to China with Iranian barrels,” said a Shandong-based trade source with knowledge of the Iranian flows to China.

A Shandong-based independent refiner said sanctions complicate financing for affected cargoes, as “no bank will dare to handle cargoes shipped by a sanctioned vessel.”

In September, about 30 vessels loaded with Iranian crudes were discharged for China’s independent refineries, according to Commodity Insights estimates based on various market sources. Among these, six vessels were on the latest US sanctions list.

“With 23 vessels being sanctioned at one go, it is going to be challenging for dealers to find alternative carriers and redo administration works,” said Sijia Sun, associate director for downstream research and analysis at Commodity Insights.

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PT Oiltanking Karimun Terminal name changed to PT Oil Terminal Karimun | Sailors Today

PT Oiltanking Karimun Terminal, Indonesia, which is a Platts-approved terminal in the Singapore Market On Close assessment process, has changed its name to PT Oil Terminal Karimun.

The name change came into effect after a change in equity shareholding, when Oiltanking sold its entire stake in the terminal to Novus Middle East DMCC (UAE).

Only the equity shareholding and the name of the terminal have changed, while all other assets, personnel, and operational/logistical aspects of the terminal remain unchanged.

Platts, part of S&P Global Commodity Insights, will reflect the new entity name in the Asia Pacific and Middle East refined oil products specifications guide.

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Fleet Management Limited Appoints Chief Executive Officer | Seamen Job

Fleet Management Limited (“Fleet” or the “Company”), a part of The Caravel Group Limited (“Caravel” or the “Group”), announces the appointment of Captain Rajalingam (‘Raja’) Subramaniam as the new Chief Executive Officer. He joins the Company on Monday, October 21, 2024, as “CEO Elect,” and officially assumes the role on Wednesday, January 1, 2025. Captain Subramaniam will report to Dr. Harry S. Banga, Chairman and CEO of The Caravel Group.

Captain Subramaniam will succeed Dr. Kishore Rajvanshy, who has served as Managing Director of Fleet Management Limited since the Company’s inception thirty years ago. During his tenure, Dr. Rajvanshy has led Fleet Management Limited’s growth into the world’s second largest third-party ship management company. Dr Rajvanshy will transition to “Managing Director Emeritus” and remain as a “Non-Executive Director” in a senior advisory role. Mr. Angad Banga JP will continue to serve as the Group Chief Operating Officer of The Caravel Group, the parent company of Fleet, and actively support Fleet’s leadership team during this transition.

A seasoned leader and a highly qualified maritime professional, Captain Subramaniam combines first-hand seafaring experience as a Master Mariner with strong business acumen. Formerly the President & Group CEO of the MISC Group, he strengthened the Group’s standing as a dominant force in the global shipping and offshore industry, steering the company amid a shifting landscape of complex challenges, from economic uncertainty to evolving environmental regulation. Captain Subramaniam has demonstrated his adept ability to deliver growth, innovation, and champion excellence, all of which he will bring to Fleet Management Limited.

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Fincantieri: “Star Princess” launched in Monfalcone | Rig Jobs

The launch of “Star Princess,” the second LNG (liquefied natural gas) cruise ship that Fincantieri is building for Princess Cruises, took place today at the Monfalcone shipyard.

The ceremony was attended, among others, by John Padgett, President of Princess Cruises, and Cristiano Bazzara, Director of the Fincantieri shipyard in Monfalcone. Godmothers of the ceremony Chiara del Vecchio, 3rd Engineer aboard the “Sun Princess”, and Francesca Maraventano, executive assistant at the Monfalcone shipyard.

With a gross tonnage of approximately 178,000 tons, “Star Princess” is the sister ship to “Sun Princess,” also built in Monfalcone and delivered earlier this year. It is the second-largest ship ever built in Italy and the second LNG-powered cruise ship Fincantieri is building for this ship owner. Additionally, it is the second dual-fuel ship, primarily powered by LNG, to join the Princess fleet. Liquefied natural gas is considered the most advanced, mature, scalable, and commercially viable fuel technology for the maritime industry. It is also recognized as one of the cleanest fossil fuels, as it reduces greenhouse gas emissions and mostly eliminates other airborne pollutants and particulate matter.

“Star Princess” is the second ship in Princess Cruises’ Sphere class, with delivery expected in fall 2025. The new vessel will accommodate approximately 4,300 passengers and is based on a next-generation platform design.

Princess Cruises is a globally leading cruise line operating a fleet of 17 modern ships, transporting millions of guests each year to 330 destinations worldwide.

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