CMA CGM to use three ways to complay with IMO 2020 Low Sulphur Regulation

MARSEILLE: The new IMO (International Maritime Organization) 2020 Low Sulphur Regulation will be in effect from January 1st, 2020.

All sea-going vessels worldwide will have to comply and reduce their sulphur emissions by 85%.

To comply with the Regulation, sulphur in fuel oil must be reduced from 3.50% to 0.50%, in addition to the 0.10% sulphur limit already effective in the Emission Control Areas (ECA). This aims to reduce the amount of sulphur oxide emissions and should have major health and environmental benefits globally, including improving air quality and reducing risks of acidification of the oceans.

CMA CGM Group will be compliant with a mix of 3 solutions: using liquid natural gas-powered vessels, using advanced air quality systems onboard our vessels, and as the main solution, using compliant fuels with 0.50% or 0.10% sulphur.

The new IMO 2020 Low Sulphur Regulation impacts the global shipping industry and shipping costs are set to increase worldwide. As the cost of the Very Low Sulphur Fuel Oil (VLSFO) is expected to be significantly higher than the present High Sulphur Fuel Oil (HSFO), CMA CGM will implement a new price reference for its short-term and long-term contracts.

For short-term contracts of validity 3 months or shorter, please be informed that a new monthly charge – Low Sulphur Surcharge (LSS) – will be applied on top of CMA CGM’s ocean freight charges, effective 1 December 2019.

For long-term contracts of more than 3 months’ validity, please be advised that VLSFO will replace HSFO as the price reference for the quarterly Bunker Adjustment Factor (BAF), effective 1 January 2020. The BAF is applied on top of the ocean freight charges and will still be revised on a quarterly basis with a one-month notice. Kindly note that the BAF quantum for reefer cargo will be 20% higher than that of dry cargo for the same container size, with a minimum of USD25/TEU.

PESB selects Harjeet Kaur Joshi tao Head SCI October 14 , 2019

NEW DELHI: Smt. Harjeet Kaur Joshi has been approved by the Public Enterprises Selection Board (PESB), to head The Shipping Corporation of India (SCI), Country’s largest shipping company.

Smt. Harjeet Kaur is currently the Director Finance at SCI and, since September 12, has been holding the additional charge of the Chairperson and Managing Director of the Navratna PSU.

The PESB recommendation has been finalised recently that has to be approved by the Appointments Committee of the Cabinet which will make Smt. Harjeet Kaur as the first lady to Head SCI.

With a very rich and diversified experience spanning over three decades with ONGC, a Mammoth Maharatna PSU, her experience includes almost two decades with ONGC Videsh Limited (OVL – overseas arm of ONGC) which looks after the international business acquisitions of ONGC wherein she was actively associated with the path breaking international transactions which led the company (OVL) to turnaround. This assignment gave her a lot of opportunity to travel and develop her professional attributes to International standards. She started her career as a Lecturer in Delhi University and joined the corporate world in 1984.

She is a Fellow Member of The Institute of Cost Accountants of India and a rank holder in her Post Graduation  in Commerce with specialization in Financial Management from the prestigious Delhi School of Economics, Delhi University.  She believes in continuous learning and has a string of further academic qualifications which she acquired throughout her career.

Essar Ports honoured for CSR initiatives at Seatrade Maritime Awards 2019

MUMBAI: Essar Ports Ltd. has won the Award for its Corporate Social Responsibility initiatives recently. Being a responsible corporate committed to making a positive social impact, Essar Ports has been actively working towards improving education, environment, health care and livelihood for the community. The Award was received by Capt. Sukhdev Singh Bhamra on behalf of Essar Ports Ltd.

Taking place on the first evening of UAE Maritime Week, under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, and the Chairman of the Executive Council, the Awards ceremony is a highlight in the shipping awards calendar.

The ceremony recognises individuals and organisations that have made noteworthy impact on the market over the course of the past year.

Seatrade Maritime is the largest global media portfolio connecting individuals and corporates to the international maritime market. Its events, publications, awards and websites encompass all aspects of maritime activity. They encourage innovation and facilitate better communication within the industry.

The Award is a matter for great pride for all of us at Essar Ports. It strengthens our belief in growing in unison with the community, and working towards a better and sustainable future, said a company release.

Shipping confidence dips as trade wars intensify : BDO October 11 , 2019

ZAVENTEM: The Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO. Yet owners, charterers and managers were more confident than they were at the time of the previous survey in May 2019.

The average confidence level recorded by the survey in the three months to end-August 2019 was 5.8 out of a possible maximum of 10.0. This compares to the figure of 6.1 recorded for the quarter ended May 2019.

Confidence was highest in the chartering sector (up from 6.2 to 7.0), while the increased ratings for owners and managers were from 6.3 to 6.4 and from 5.8 to 5.9, respectively. The rating for brokers, however, was down from 5.7 to 5.1.

Confidence

Confidence was up in Asia from 6.0 to 6.8 – the highest figure for this region since the survey was launched in May 2008 with an overall rating for all respondents in all geographical areas of 6.8 out of 10.0. The rating for Europe, however, was down, from 6.1 to 5.7.

According to the BDO survey, the likelihood of respondents making a major investment or significant development over the coming year was up from 5.4 to 5.5 out of 10.0. Charterers’ confidence in this regard was up from 5.6 to 6.8, and owners’ from 6.3 to 6.5. The ratings for managers and brokers were also up, from 4.8 to 6.1 and from 3.9 to 4.4, respectively. Expectations were up in Asia (from 5.5 to 6.6) whilst in Europe they were unchanged at 5.4.

The number of respondents expecting finance costs to increase over the coming year was down from 48% to 25%. The figures for all major categories of respondent were down, and in the case of owners and managers to survey lows of 27% and 20%, respectively.

Sri Lanka’s Container hub status grows despite direct mainline calls to Indian Ports : ADB

COLOMBO: Sri Lanka’s Colombo port status as a container hub is growing despite shipping lines making direct calls to Indian ports, a new study by the Asian Development Bank has said.

The Asia–Europe shipping route passing close to Sri Lanka, enables Colombo to become the main hub port for the South Asian region, it said.

The study on maritime co-operation under the ADB’s South Asia Subregional Economic Cooperation (SASEC) program, said Colombo ranks 23rd in container traffic globally, ahead India’s largest ports Mumbai and Mundra.

“Colombo is SASEC’s busiest container port. It is close to the busy Southern Ocean Corridor and

acts as a container hub for the subcontinent,” the study said.

Its annual growth was 16.8 percent in 2017, and the transshipment activity, which represents almost 80% of handling, was up by over 20 percent.

“This high transshipment growth rate suggests its role as a hub for the subregion is increasing, despite more direct mainline calls to Indian ports,” the ADB report said.

Adani Ports unveils Mega ambitious plans for Dhamra Port

AHMEDABAD: Adani Ports and Special Economic Zone Ltd (APSEZ) plans to invest as much as

Rs 48,933 crore to scale up its port at Dhamra in Odisha to handle 314 million tonnes (mt) of cargo.

The country’s biggest private port operator looks to make the Eastern Coast port as big as its flagship Mundra Port in Gujarat on the Western Coast. Mundra Port is India’s biggest private commercial port.

The expert appraisal committee (EAC) in the Ministry of Environment, Forest and Climate Change has recommended environmental and coastal regulation zone (CRZ) clearances for the expansion of Dhamra on a revised master plan filed by APSEZ.

The Dhamra Port Company Ltd (DPCL), the APSEZ unit that runs the port, currently runs two berths with a capacity to load 25 mt of cargo such as coal, iron ore and lime-stone.

DPCL had earlier secured green and CRZ nod for the second phase of expansion to handle an additional 71.3 mt of dry bulk cargo, liquid and gas cargo including LNG, POL (LPG), other break bulk (clean cargo) and 1 million twenty-foot equivalent units (TEUs) of containers.

Out of this approved expansion, 12 mt of LNG component has been transferred to Dhamra LNG Terminal Private Limited.

The planned expansion of Dhamra — one of India’s deepest ports with a depth of 18 metres that allows super capsize ships to dock — will be done in two phases by tweaking the master plan.

APSEZ will expand Dhamra’s capacity first to 169.5 mt with an investment of Rs 17,518 crore over the next five years and then to 314 mt by investing additional Rs 31,415 crore by the end of 30 years. The expansion includes container handling facilities with an initial capacity of 3.1 million TEUs which will be expanded to 4.66 million TEUs.

The revised master plan envisages construction of berths and marine structures that can handle multi-purpose and liquid/gas/cryogenic cargo with larger back-up facilities.

Dhamra Port has a 62.5-km rail link with single line track, connecting the port with the Indian Railways network near Bhadrak station.

The port has acquired 125-metre wide land corridor from Dhamra to Bhadrak for providing exclusive connectivity with the hinterland.

Under the revised master plan, APSEZ proposes to develop an additional two-lane road and a rail track in the existing corridor. In addition, for easy evacuation of cargo, a new rail, road and utilities corridor is proposed from the Northern boundary of the port.

This corridor will connect Dhamra Port with existing rail-road corridor near Bansada, Bhadrak. The revised master plan lay out is outside the eco-sensitive zone of Bhitarkanika Sanctuary and National Park and Gahirmatha Marine Sanctuary.

The expansion of Dhamra Port will help APSEZ reach the target of handling 400 mt of cargo by 2025.

SCI observed 2nd October as its 59th Foundation Day

MUMBAI: The Shipping Corporation of India Ltd celebrated its 59th Foundation Day on 2nd October, 2019. The event began with the garlanding of the statues of Mahatma Gandhi, Chattrapati Shivaji Maharaj & Dr. Babasaheb Ambedkar. Subsequently, cultural programme was presented by in-house talent. Shri Mavjibhai B Sorathia, Independent Director, Ex. CMD and Directors of SCI also graced the occasion. SCI employees who had completed 25 years of service were felicitated on this occasion.

The 2nd October also marked the culmination of the Swachhata Pakwada at SCI. Activities were undertaken at SCI head office, regional offices, on board ships and Jawahar, a tribal village. Throughout the fortnight, various competitions like cleanest floor, poster making, slogan and ‘best out of waste’ were conducted. A film was prepared on the various activities undertaken by the employees of SCI and was on display during the foundation day function. Prizes of the Swachhata and Hindi Pakwada competitions were distributed at this function. In a bid to spread the message of “Swachhata hi Sewa”, a skit was also presented by cadets of the SCI Maritime Training Institute, which was highly appreciated.

Mrs. H K Joshi, Chairman & Managing Director, SCI emphasized on the past glory of the organisation which was due to erstwhile stalwarts and motivated employees to take up the challenges and work together as a team to take SCI to greater heights, said a SCI release.