• 2019 May 16 17:50

    BPO shares Baltic experience and discusses market trends at Global Liner Shipping

    The Global Liner Shipping conference concluded in Germany. The event held on 13-15 May 2019, in Hamburg, focused on topics such as the future of container shipping, the feeder market, IMO’s upcoming 2020 sulphur cap, CO2 reduction and cyber-security. The Baltic Ports Organization (BPO) was also there in order to share the region’s experience related to the container market in the Baltic, emission reduction compliance and LNG infrastructure development.

    One of the event’s spotlights were the global market’s current and emerging container shipping hubs. Baltic ports, as a part of the Baltic container market, characterized by some unique regional features, such as a very dense feeder network, benefit greatly from the development of the global market. The Baltic Sea region (BSR) has a lot to offer, with 2018 characterized by overall growth in the container market in Europe (+5.47%), a record year for the Baltic market (+13.9% in 10 top Baltic container ports) and especially dynamic growth in the Polish ports (+17.3%), which in recent years kept breaking their own records year by year.

    The growth of the container market has been accompanied by a growing number of acquisitions. In 2018 alone we witnessed major takeovers, beginning with the acquisition of the Muuga Container Terminal by HHLA, followed by CMA CGM taking over Containerships and ending with DP World purchasing Unifeeder. 2019 began with yet another big takeover – DCT Gdańsk, the fastest growing container port in Europe, was acquired by a trio of investors, including PSA International, the Polish Development Fund and the IFM Global Infrastructure Fund.

    Bogdan Ołdakowski, Secretary General, BPO, offered the following comment after the conference:
    “It is of great importance for the BPO to be a part of the discussion about market trends and regulatory framework in global container shipping. Naturally, a regional market such as the Baltic container market is a part of its global counterpart, so a deep understanding of global industry trends is absolutely key for the decisions and plans made by the Baltic container ports, as they will directly impact their competitiveness in the years to come.
    Furthermore, the Baltic experience from SECA’s introduction in 2015 could be treated as a testing ground for the introduction of the global sulphur cap, so we’re glad to be a part of such a discussion with the shipping industry”. 

    Apart from the shifts in market development, global shipping faces a number of impactful changes linked to various environmental regulations coming into force in the near and (as of now) far away future. These include IMO’s global sulphur cap, which will be implemented starting January 1st, 2020, limiting the amount of sulphur in ship fuel, as well as the more distant but equally important regulation on the reduction of GHG emissions from ships by 50% (compared to 2008), set to come into force in 2050.

    Both of these regulations apply globally, but stakeholders from some regions, designated as Emission Control Areas (ECAs), already command vast experience when it comes to compliance with and consequences of such initiatives. The Baltic Sea region is one of them, having been designated as a Sulphur Emission Control Area (SECA) in 2005 and Nitrogen Emission Control Area (NECA), starting on January 1st, 2021. Over the years, Baltic stakeholders had the chance to test a wide range of currently debated solutions, such as scrubbers, low sulphur fuels, LNG or cold ironing. It has led to the BSR becoming a benchmark region for introducing new technologies, which can ultimately benefit the global shipping community. Members of the Baltic community are eager to share their experiences, compiled in the reports “Baltic Sea as a model region for green ports and maritime transport” and “EU Sulphur Directive – One year after its entry into force”. The document is available upon contact with the BPO Secretariat.

    BSR’s experience with LNG ties into another panel in which the BPO has participated during the event, namely one focusing on lessons on developing the right infrastructure. LNG seems to be gaining increasingly more traction as the current choice for the marine fuel of the future and the BSR shows that a steady and consistent approach to the development of necessary infrastructure can yield benefits down the road.

2019 June 26

18:11 Jacobs wins contract to help build the largest shipyard in the Arabian Gulf
18:09 Senior officials from Kenya Coast Guard Services are undergoing training at national workshop in Mombasa
17:52 LUKOIL commissions two wells at V. Filanovsky field
17:30 Term of office of Sergey Baryshnikov, Rector of Makarov University, extended for 5 years
17:06 Saudi Aramco signs 12 agreements with South Korean partners worth billions of dollars
16:41 Damen Shiprepair Amsterdam completes major maintenance programme on OSV Deep Arctic
16:23 Nordic Engineering wins competition on development of technical design for 6-8 MW icebreaker
15:49 50 Let Pobedy icebreaker returned to Murmansk after its 50th voyage to North Pole
15:35 OOCL chooses Navis Stowage Planning Software StowMan for its container ship fleet
14:52 MacGregor works together with MSC to maximise performance and reduce emissions
14:50 IMO celebrates 30 years of outstanding legal training
14:26 North Sea Port conducts quay-inspection test using underwater robot from Asset.Insight.
14:03 Damen Shiprepair & Conversion signs contract on the conversion of a dredger ‘Samuel de Champlain’
13:52 EU NAVFOR Somalia takes part in Ministerial Conference on Maritime Security in Western Indian Ocean and Plenary Session of CGPCS
13:24 Sergey Larionov elected as General Director of Lena United River Shipping Company
12:51 Igor Tonkovidov elected as Chairman of Novoship BoD
12:27 Port of Rotterdam Authority to invest over 3.5 million euros to optimise the Wilhelminahaven
12:00 Nevsky Shipyard certified in “Military Register” Voluntary Certification System
11:58 Closing of MacGregor's TTS acquisition postponed to Q3 2019
11:35 Russia's Main Department of State Expertise approved project on development of bunkering base at commercial seaport of Murmansk
10:57 Yamal LNG shipped first LNG cargo to Japan
10:18 Brent Crude futures price is up 1.42% to $65.19, Light Sweet Crude – up 1.94% to $58.95
09:59 IAPH South East Asia and Oceania Region meets in Kuala Lumpur in August
09:44 MABUX: Bunker Market this morning June, 26
09:33 Bunker prices increase at the port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index is up to 1,280 points

2019 June 25

18:06 VARD orders seawater cooling for newbuild cable layer
17:34 ABP Humber Estuary Services (HES) purchased new £600,000 survey vessel
17:06 Q-Flex vessel sets delivery benchmark in Turkey
16:28 Awilco LNG posts vessel and contract update
16:22 Zhatai Shipyard to be provided with RUB 4.1 billion of budget investments in 2019–2021
15:59 Maersk introduces Maersk Spot, a new fully online product that simplifies the buying process for customers
15:15 NCSP Group announced decisions made at annual general shareholders' meeting
14:51 IMO: committed to implementation
14:20 ABP King’s Lynn investment attracts new construction industry customer
13:37 MAN B&W dual-fuel engines pass half-million hour milestone
12:59 ECSA celebrates the Day of the Seafarer
12:47 Bunker market sees mixed price movements at the Far East ports of Russia (graph)
11:58 Fuel technologies in the spotlight at ABS Hellenic Technical Committee
11:39 Dickson obtains status of international port
10:58 MEYER WERFT hands over Spirit of Discovery to the British cruise line Saga Cruises
10:42 Concordia Damen ships 18 hulls from Shanghai to Rotterdam
10:24 Gender equality is the theme of Day of the Seafarer 2019
10:03 Brent Crude futures price is down 0.81% to $63.66, Light Sweet Crude – down 0.88% to $57.39
09:46 MABUX: Bunker market this morning, June 25
09:16 Baltic Dry Index is up to 1,258 points

2019 June 24

18:05 Training Montenegro to combat oil spills
17:50 Four cruise ships visit the Port of Riga at the same time
17:27 Finnish Government proposes supplementary appropriation of EUR 40 million for basic infrastructure management
17:05 Austal delivers third guardian class patrol boat to the Australian Department of Defence
16:47 Incat Crowther announces contract to design a 65m catamaran passenger ferry
16:46 Construction and operation of dual-fuel ships has low economic efficiency – USC President
16:45 Maersk Drilling completes sale of jack-up Mærsk Giant
16:24 USC set to build floating electricity-generating facilities running on LNG supplied by bunkering ships
16:03 Van Oord and Mammoet enter into cooperation with scale-up Verton
15:45 United Shipbuilding Corporation to launch the first LNG-powered ferry for Ust-Luga – Baltijsk line in late July
15:30 United Shipbuilding Corporation establishes USC-Propulsion and USC-Interior subdivisions
15:03 MOL signs deal on a long-term charter contract to utilize "MOL FSRU Challenger" for Hong Kong Offshore LNG Terminal Project
14:42 New USC Vice-President, Civil Shipbuilding, to get into office on 10 July 2019
14:21 USC expects its Astrakhan cluster to build 12 river-sea class ships per year