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Irish Shipping volumes up 3% during Q2 2015
by Irish Maritime Development Office


Shipping and port activity in the Republic of Ireland rose by 3% in the second quarter of 2015 when compared to the corresponding period of 2014, according to the latest quarterly iShip Index published by the Irish Maritime Development Office (IMDO).

The latest analysis also indicates that four of the five principal freight segments grew in the second quarter of 2015. Unitised traffic which consists of Roll-on/Roll-off (Ro/Ro) off and Lift-on/Lift-off (Lo/Lo) traffic continued to rise steadily and has now shown consistent growth for an extended period, with an average growth of 6% per quarter in unitised traffic since Q2 2013 as measured by the IMDO’s iShip Index*.

The majority of Ro/Ro traffic moves between Ireland and Great Britain. This freight segment is a simple but reliable indicator of the level of trade between both economies. Encouragingly, the Ro/Ro freight sector saw volume growth of 7% in the second quarter to 258,390 units. This is the tenth consecutive quarterly increase that Ro/Ro freight traffic has experienced.

Lo/Lo imports have now risen for seven consecutive quarters, reaching 95,550 teu. Lo/Lo exports also grew strongly rising 9% to reach 74,558 teu, the highest recorded figure since Q2 2008 when container exports stood at 76,752 teu. Overall, Lo/Lo container traffic increased 10% to 170,108 teu.

When reviewing unitised traffic it is worth noting that both Lo/Lo and Roll-on/Roll-off freight moves in an all-Island setting. Therefore when Northern Irish Ports are included, all-island Ro/Ro volume grew by 4% in Q2 2015. All Island traffic in the Lo/Lo sector grew 5% overall, with imports rising 6% and exports 4% for Q2 2015.

The overall bulk traffic segment saw tonnage volumes increase by 1%, excluding transhipments, when compared to the previous year. This was driven by a strong increase in traffic in liquid bulk which rose 11% (again oil transhipments excluded), with petroleum based products in particular showing strong growth. Break bulk, which largely consists of imports of construction and project related commodities, increased by 14%. Break bulk has now seen nine consecutive quarterly increases. There was a 6% fall in dry bulk traffic for Q2 2015 with trade in animal feed, fertiliser and coal affected the most. This follows a 6% increase in Q1, with a high degree of fluctuation in traffic volume typical in the dry bulk market when viewed on a quarterly basis.

Summary of Freight Traffic Trends: Republic Of Ireland




National Developments

Ardmore Shipping Corporation 99.9k DWT Summer Deliveries
by The Irish Maritime Development Office

 

Cork based Ardmore Shipping Corporation took delivery of three new product tankers over the summer season totalling a combined 99.9k DWT. 




Cork based Ardmore Shipping Corporation continues to follow an ambitious new build programme with the delivery of three new product tankers over the summer season. The most recent delivery,  the Seawolf is a 49,999 dwt IMO 3 product and chemical tanker was completed by SPP Shipbuilding in South Korea's Sacheon shipyard. The ship was handed over to her owners on the 13th of August and is a sistership to the Ardmore Sealion which made her debut in June.

With the addition of Ardmore Seawolf, this increases the number of Ardmore vessels on the water to 22. Technical management of the newbuild will be provided by Univan Ship Management.
Commenting on her delivery, Mark Cameron, Ardmore Shipping's COO, said: "We are pleased to welcome the Ardmore Seawolf to the Ardmore fleet, where she will join her sister ships, the Ardmore Sealion and Ardmore Seafox. We extend our sincere thanks to SPP Shipbuilding for their diligence, commitment and excellence throughout the build process. The addition of the Ardmore Seawolf demonstrates our constant commitment to growing Ardmore's fleet through the addition of state-of-the-art, high quality and efficient vessels to our fleet. With an average age of under four and a half years, the Ardmore fleet is among the youngest in the industry.'

As with the rest of the Ardmore fleet, The Ardmore Seawolf is a high quality eco-design newbuild  equipped with a variety of fuel-saving measures, including Skysails vessel optimization software and offering the highest standards of fuel efficiency and operational performance. The Ardmore Seawolf is the third of four newbuild vessels to be delivered from SPP Shipbuilding this year. In July the Ardmore Chinook was delivered by Fukuoka Shipbuilding Co. Ltd from their Nagasaki shipyard in Japan. The Ardmore Chinook is a 25,000 DWT IMO 2 product and chemical tanker. Technical management of the Ardmore Chinook will be provided by Thome Ship Management Pte Ltd.

Mark Cameron, Ardmore Shipping’s COO said at the time of the new build delivery: “We are pleased to welcome the Ardmore Chinook, sister ship to the Ardmore Cherokee and Ardmore Cheyenne, to our growing fleet. We extend our gratitude to Fukuoka Shipbuilding for their commitment and professionalism throughout the build process."

The Ardmore Seafox, was also built and delivered by SPP Shipbuilding in June 2015.  The Ardmore Seafox is a 49,999 DWT IMO 3 product and chemical tanker. Technical management of the Ardmore Seafox will be provided by Univan Ship Management Ltd. A remaining vessel in the IMO 3 product and chemical tanker series is due for delivery in the final quarter of this year.

Source: Ardmore Shipping, August 2015




Irish port sector received EU support for future development plans
by www.dttas.ie & IMDO

 
Ireland’s largest ports have secured a multi-million capital funding contribution collectively from the European Union.

The Irish port sector has recently received EU support for future development and expansion plans.

Three of Ireland’s largest ports have secured a €39 Million collective allocation from the European Union’s Motorways of the sea and Ten-T programmes which will be used to fund their development plans.

Welcoming the announcement by the European Commission that a number of projects – including developments across the Irish ports – which have been recommended for co-funding under the Connecting Europe Facility (CEF) scheme, Minister Paschal Donohoe said "This is good news and a further boost for infrastructure investment in Ireland. The recommendation by the European Commission in respect of these five projects is a positive step in the development of these key infrastructural projects which will allow for future growth and development which will ultimately help with job creation.  He added “I was particularly delighted to support the port companies in their applications. Ireland’s National Ports Policy categorises the Port of Cork Company, Dublin Port Company and Shannon Foynes Port Company as Ports of National Significance (Tier 1) in recognition of the key role of they play in national economic development.

Minister Donohoe went on to say "This positive announcement will support significant, planned investment by the ports and follows the news that the Ringaskiddy project in the Port of Cork has recently been granted planning permission, while just today the Alexander Basin Redevelopment Project received a positive planning decision from An Bord Pleanála, allowing the largest ever infrastructure development project to be carried out at Dublin Port. In addition, Shannon Foynes Port Company’s first major project, the redevelopment of the East Jetty, is now well underway having commenced earlier this year. The continued commercial development of the port companies is a key strategic objective of the Government which will support job creation across the country as they are progressed in the years to come.”

Commenting on the announcement of their successful application, Pat Keating CEO of Shannon Foynes Port Company said "Just one in three applications for the latest round of Ten-T funding was successful and SFPC also received the maximum level of funding allowed – 20% of jetty works total costs and 50% for feasibility studies - for each project, another significant indicator of confidence in the company’s long-term plans for the estuary."

Under the Connecting Europe Facility (CEF), €26.25 billion will be made available from the EU’s 2014-2020 budget to co-fund TEN-T projects in the EU Member States. Of this amount, €11.305 billion will be available only for projects in Member States eligible for the Cohesion Fund.

The four port related projects are as follows:

  • Port of Cork, Ringaskiddy Project (Project Type: Works, Co-funding rate: 17.47%, EU Max Contribution: €12,736,001)
  • Shannon Foynes Port Company, Jetty Enhancement for Sea Port (Works funding 20%, €2,200,000)
  • Shannon Foynes Port Company, Connecting International Sea Cargo to the Irish Rail Network (Study, 50%, €800,000)
  • Dublin Port, Alexandra Basin Redevelopment Project (Works, 10.3%, €22,782,055)

Source: www.dttas.ie  August 2015




IMERC & Naval service co-operate on innovative wind propulsion project
by The Irish Examiner

 
Aeolus, run jointly between the Irish Naval Service, UCC, CIT, and the University of Limerick is testing innovative kite technology.

A new project entitled Aeolus, run jointly between the Irish Naval Service, UCC, CIT, and the University of Limerick is testing innovative kite technology designed to harness food and energy resources of the sea.

Massive kites are hoisted high above naval vessels at sea, resulting in enhanced ship propulsion, increased energy generation and significantly improved surveillance capability 15 times over the normal range. The innovative technology will enable Irish Naval vessels patrol a vast sea area without the need to cruise long distances, resulting in major fuel savings, manpower costs and emissions. The enormous power generating kites (measuring 20m2), using state-of-the-art smart sensor technology, offer a sustainable solution to ship journeys by not only assisting speed, but also providing greatly improved visibility to aid navigation and security.

Other applications being developed include environmental monitoring, maritime forecasting and data transmission from ocean energy devices. The project management is being led by the Defence Forces, with the software development taking place at the Nimbus Centre at CIT. “This exciting project aligns with European energy goals as well as our policy of innovation with social responsibility,’ said Richard Linger, head of the Nimbus Centre’s industry division. Partners include the Irish Maritime and Energy Resource Cluster, the Tyndall National Institute, and University of Limerick. The next stage of the project will see it move towards commercialisation of the product.

With increasing global awareness of the importance of the Earth’s oceans as potential sources of energy security and environmental sustainability, many countries and international organisations are actively engaging in ambitious programmes to ensure resources like fisheries are more efficiently managed and protected. This renewed focus has led to the development of a growing international market for maritime monitoring technologies and solutions. “This collaboration highlights the Defence Forces’ commitment to supporting Irish industry and education. Working through innovative arrangements such as the Irish Maritime and Energy Resource Cluster with UCC and CIT, we are delighted that the skills and expertise acquired by our personnel, together with their creativity and innovation, are being used to develop new sustainable technologies and promote Irish ingenuity.” said Rear Admiral Mark Mellett, deputy chief of staff of the Defence Forces.

Funding was granted through the Sustainable Energy Authority, whose CEO, Brian Motherway, said: “This groundbreaking collaboration combines our strength in clean energy and advanced technology to create something truly unique. It is a very exciting showcase for Ireland.”

Source: The Irish Examiner, September 2015




2016 European Sea Ports Organisation conference confirmed for Ireland
by Afloat Ireland

 

ESPO represents the port authorities, port associations and port administrations of the seaports of the Member States of the EU & Norway.


Dublin Port Company has announced that it will be hosting the 13th edition of the European Sea Ports Organisation (ESPO) annual conference in June of 2016.

The 2016 ESPO Conference will look into ways to improve the efficiency of maritime transport and ports, this from different angles:

  • How to remove the remaining barriers in maritime transport?
  • How to set the digital agenda for ports?
  • How can ports benefit from new trade agreements?

The event will take place next year on 2nd and 3rd of June 2016.

The conference will gather European Commission Officials, Members of the European Parliament, Ministers, Top Managers of European ports and representatives of major players of the maritime business and offer wide opportunities for networking and exchange of information and ideas. All this in the wonderful setting of the Dublin Castle.

More information about the ESPO Conference will follow on the ESPO website.

Source: www.afloat.ie September 2015




International Developments

More shipping line mergers ‘would stabilise market’
by Lloyds Loading List

 
Further consolidation of the box shipping sector could offer lines more market stability.

Further consolidation of the box shipping sector could offer lines more market stability, but shippers and forwarders might not benefit from the pricing consistency they crave, according to leading shipping executives and analysts.

Drewry Maritime Research said earlier this week that the proposed merger of two Chinese container shipping giants – Cosco and CSCL – to form the fourth largest carrier in the world would make financial sense for both lines and potentially prompt further consolidation of container shipping companies, possibly along national lines. Despite blocking the proposed P3 Alliance of CMA CGM, MSC and Maersk on competition grounds last year, China’s government and regulators now appears to be supporting the mooted merger of Cosco and CSCL. Lars Jensen, chief executive officer for the Asia Pacific region at Maersk Line, told Lloyd’s Loading List.com that he also supported more industry consolidation.


“A merger [between Cosco and CSCL] is a different type of cooperation, but we welcome any type of consolidation,” he said. “This is a fragmented industry and rates instability comes from this, or is one cause of this. “A merger reduces fragmentation. If it happens, we’ll have a bigger competitor out of China, but we don’t see that as a bigger threat than having two competitors.” However, other analysts believe that the huge rates fluctuations on major trades at present would not necessarily lessen if the liner sector further consolidated. Rahul Kapoor, director of equity research at Drewry, said he did not expect liner customers to profit from more consolidation. “The Cosco-CSCL merger is being driven to help the two liner companies and I don’t see how less competition would benefit customers,” he said.

Peter Sand, Bimco chief shipping analyst, added that consolidation was unlikely to fix the supply-demand issues that are the cause of current rate volatility. “Only a better balance between deployed tonnage and stronger demand can do that, and bring higher earnings around again on all trading lanes,” he said. “In the industry today, too much tonnage is available to cater for the lacklustre demand on key trades like Far East to Europe as well as others.” He argued that shippers would most likely see benefits from partnerships and alliances by lines in the shape of the lower costs levels these can generate. “The market is highly competitive and all participants are price-takers,” he said. “A lower cost level is likely to benefit all in the supply chain, from the operators to the importers. However, you have to remember that owners and operators need to run a profitable business in order to maintain the high standards which are required and keep up investments to improve liner networks.  “Importers are enjoying extremely cheap transportation these years at a level which is below a sustainable one for several owners and operators.”

Source: Lloyds Loading List, September 2015




Deep Sea Container Trades Clock Up TEU-Miles
by Clarksons Shipping Research

 

According to the latest Clarksons Shipping Research bulletin, global Container trade has grown firmly over the last decade driven by trade on the intra-Asian network.


The global Container trade has grown firmly over the last decade, with much of this expansion driven by trade on the intra-Asian network.

The deep sea mainlane trades in particular are punching above their weight in terms of TEU-mile growth when analysing the TEU-miles growth.

In 2005 container trade totalled 105m TEU, and by year end 2015 it is expected to reach 179m TEU. The mainlane routes, which had historically represented a major growth area of container trade, have expanded at a relatively modest rate in the last decade, at a CAGR of 3.0% per annum, compared to growth of 5.5% per annum in total box trade. Overall, mainlane trade growth has accounted for 19% of total container trade expansion over the period. Intra-regional trade (the majority of which is accounted for by intra-Asian routes) has been by far the largest contributor to container trade growth, accounting for 47% of expansion in global trade in TEU and growing at a CAGR of almost 7% per annum in 2005-15.

The pattern of trade growth has been much more evenly spread between the routes when looking at expansion in terms of TEU-miles. Demand for container shipping is driven by not only the number of boxes moved, but also the distances involved; mainlane routes are much longer than intra-regional trade lanes.

By using standard distance assumptions for each trade lane, and weighting trade growth in TEU by the miles travelled, a picture of container trade in terms of TEU-miles emerges. In the 2005-15 period, the various routes have each contributed between 17% and 32% to global TEU-mile trade growth, a much smaller range than growth in total TEU (which varies between 16% and 47%). Mainlane trade appears as the biggest driver of TEU-mile growth, while the contribution of intra-regional trade is reduced to 27%. Together, the deep sea mainlane and North-South routes have accounted for 55% of growth in TEU-miles over the ten year period, versus 36% in TEU terms.

Ordering Hints

This large difference between the contribution of mainlane routes to growth in TEU and TEU-miles may help to shed some light on recent ordering trends. Contracting of ‘megaships’ has principally been driven by the continued pursuit towards lower unit costs. However, the vast majority of very large boxships are deployed on mainlane routes (92% of capacity in the 12,000+ TEU sector is deployed on the Far East-Europe route), where although trade volume growth has typically been slower than elsewhere, a notable ‘TEU-mile’ benefit is visible.

A Different Vista

So, the rapid growth in box trade on intra-Asian routes still stands out as a principal driver of global trade expansion over the last decade. But looking at the figures in a different way suggests a perhaps more balanced picture for boxship demand across the various trade lanes. That is why container shipping needs the deep sea trades to keep clocking up the miles.

 Source: Clarksons, September 2015




Crude oil prices retreat towards $50 on demand concerns
by The Irish Times

 
The Oil Markets
A cut in European growth forecasts heightened worries over the outlook for demand for crude oil.

A cut in European growth forecasts heightened worries over the outlook for demand  

Oil prices fell on Friday, pushing benchmark North Sea Brent crude down towards $50 a barrel, after a cut in European growth forecasts heightened worries over the outlook for demand at a time of huge oversupply. The European Central Bank (ECB) have stated that economic troubles in China and emerging markets could drag the 19-member euro zone into deflation in the coming months.

The ECB now sees the euro zone economy growing 1.4 per cent this year, below its previous 1.5 per cent projection. In a sign that banks increasingly expect oil prices to stay low for longer, BNP Paribas, Barclays and Commerzbank all cut their short-term price forecasts. “Oversupply will remain in the market for longer than expected,” Carsten Fritsch, Commerzbank senior oil and commodities analyst, told Reuters Global Oil Forum after announcing the price reduction. His team cut its year-end Brent forecast by $10 to $55 a barrel and expected prices to reach $65 by the end of 2016. “Oversupply will shrink towards zero next year, all other things being equal. This should support a moderate price recovery we expect for next year,” Fritsch said. Barclays cut its 2015 Brent price forecast by $5 to $55 a barrel on Friday, and by $5 to $63 a barrel for 2016.

BNP Paribas lowered its Brent price forecasts on Thursday to $56 per barrel from $62 for 2015 and to $62 from $76 a barrel for 2016. Building on bearish comments, Russia’s energy minister said on Friday he expected oil market oversupply to continue this year. He said he considered an oil price of $50-70 a barrel a fair price. News of an attempted attack on a security facility in Saudi Arabia, the world’s biggest oil exporter, dampened some of the losses.

Brent crude for October was down 17 cents a barrel at $50.51 by 11:00 GMT, after touching an intra-day low of $49.68. US crude was down 25 cents at $46.50 a barrel. “There is still a supply-demand imbalance and on top of that is the overhang in the market,” said Abhishek Deshpande, oil analyst at Natixis in London. “The pressure will remain on oil prices.” Oil investors awaited US August jobs data, due at 1230 GMT on Friday, the fourth of September for indications on the health of the US economy and the likely path of the dollar.

The data will be used by US policymakers as part of their assessment on whether to hike interest rates this year. The next meeting of the US Federal Open Market Committee is set for September 16-17. Investors also kept an eye on US oil rig data due later on Friday for clues on supply. Any drop in rig numbers could bolster oil’s price outlook.

Source: The Irish Times, September 2015




Tanker market looks set to stay the current course for the next few months
by Hellenic Shipping News Worldwide

 
Tanker market brokers seem convinced that the recent correction in tanker freight rates will set the tone moving forward.

Shipbrokers trading in the tanker market seem convinced that the recent correction in tanker freight rates will set the tone for the market moving forward.

As oil prices fall, which is considered a positive development for tanker owners and that the upcoming winter season in the Northern Hemisphere should boost demand, it seems that the latest shockwaves from China could force the market to stay at current levels.

According to the latest weekly report from shipbroker Intermodal, “following the collapse of the Chinese stock market, the devaluation of the country’s currency a week ago, even to those who were optimistic in regards to global growth, more reasons to believe that the state of the economy of the world’s 2nd biggest oil consumer is not as strong as originally thought and possibly reflective of other developed economies as well. The sharp fall of oil prices is also partly indicative of these fundamentals”.

According to Intermodal’s Tanker Chartering Broker, Mr. Stratos Tiniakos, “almost ten years ago oil was trading at US$46pbl when demand from China started pushing prices up, to a point that these reached almost US$  160 pbl just before world economies went into recession. The oil supply glut is now pushing prices further down; with the less optimistic analysts believing that we could even see the 25 mark sooner rather than later. The fall in prices that we are now witnessing was first predicted back in the middle of 2013, as easing of the Iranian sanctions was being discussed, Libya was about to start production again in a post-Gaddafi era and increased US production through fracking was taking place. Many believe that the current collapse in prices is engineered by Saudi Arabia in an effort to knock out the US production as it is estimated that the cost of production of a fracking rig, including the financing cost, is about 70usd per barrel. So with oil prices in the region of 25-30usd it is very difficult for refineries in the US to compete and this is also evident in the fact that the number of fracking rigs dropped from 1608 in October 2014 to 747 in April 2015. So where do we stand now?”, asked Tiniakos.

The broker noted that “the first half of the year was brilliant for the tanker owners and nobody expected rates to remain as firm during the summer season as well, when seasonality always traditionally takes its toll on rates. The low oil prices environment supported dry cargo owners to achieve sustainable margins and tanker owners to gain more out of a very good market. The recent negative reversal though has been puzzling everyone. Despite the fact that a number of tanker owners believe that market will reverse course and start firming once again, it seems unlikely that year highs could be reached any time soon amidst the shock waves China keeps sending in the markets around the world”.

Intermodal’s analysis of the market noted that “in the next couple of months many refineries are going into their scheduled semi-annual maintenance and about 70 million tons of crude will have to be stored, either on ships or in shore tanks. As demand cannot match supply and global growth is very likely to further decelerate, the tanker market is expected to remain somewhere around current levels, with lower oil prices supporting owners through smaller operating costs, helping them to achieve sustainable margins. The need for storage is at the same time expected to increase demand for DWT for 1-2 months period charters. OPEC is the only entity that can save prices from further collapsing but there are currently no signs that the organization is heading towards this direction anytime soon, despite the fact that the consensus to start supporting prices is growing within its members. The next meeting scheduled in December is probably too far in the future to prevent a further significant drop even if it called for this much needed production cut. In the meantime, if world economies are set for further headwinds in the future, even cheaper oil doesn’t sound too bad”, the report concluded.

Source: Hellenic Shipping News Worldwide, September 2015




Forthcoming Events

NMCI to host annual Irish Maritime Forum
by Irish Maritime Forum

 
Irish Maritime Forum
Irish Maritime Forum
The National Maritime College of Ireland will hosting the Irish Maritime forum, which will be taking place on Friday the 25th of September 2015.

The National Maritime College of Ireland (NMCI), which is a constituent college of the Cork Institute of Technology and a partnership with the Irish Naval Service, will be the venue for this year’s national Maritime Industry Forum on the 25th of September. This event, which will be formally opened by Minister Simon Coveney, is aimed at organisations and professionals operating within the broad maritime industry in Ireland.

The first event will be a drinks reception on the evening of Thursday 24th (Sponsors & Speakers Only) which will be held at the Port of Cork followed by the main event on Friday 25th which will be held at the National Maritime College of Ireland. The programme for the main event is available on www.irishmaritimeforum.ie

Delegates interested in attending the Irish Maritime Forum 2015 are asked to register now by visiting www.irishmaritimeforum.ie

The Irish Maritime Forum will feature a host of events including a welcome address by an Irish Government Minister, lunch, gala dinner and a partner’s programme.

For further information please see full programme at the Irish Maritime Forum or contact info@irishmaritimeforum.ie

Exhibitor places available plus excellent sponsorship opportunities.

Source: The NMCI, September 2014

 




International maritime safety conferencing coming to Cork in October 2015
by NMCI

 
10th International IASST Conference
The 10th International IASST Conference will take place in Cork on the 19th and 20th of October 2015.




An international maritime safety conference will be coming to Cork in October 2015

IASST facilitates the exchange of information on matters relating to safety in the maritime environment and to promote continuous improvement in safety and survival training.

The  IASST 10th International Conference will be open to all those engaged in maritime safety.

This year's conference will take place at the National Maritime College of Ireland in Cork and the current programme outline is as follows:

Day 1. (19th Oct 2015) 

Maritime Survival systems 

What is the Flag state prospective? Mr. Brian Hogan Chief Surveyor MSO
What is the P&I clubs role? Alf Martin Sandberg, Senior Technical Advisor Gard P&I
Use of Simulators? VMT  
The effects of the Polar code? Dave (Duke) Snider Senior VP Nautical Institute

What about ‘The Human Element’?  

Day 2. (20th Oct 2015)  

Global training standards

The IMO prospective, achieving global standards through STCW Mr Milhar Fuazudeen, Head Maritime Training and the Human Element IMO
The Offshore prospective, achieving global standards offshore. OPITO representative  
The fishing prospective, STCW (F) the Irish viewpoint. BIM representative
The  STCW standard

See www.nmci.ie  or www.IASST.com for full details.

The Conference format and speakers may be subject to change and early registration is advisable.

Source: NMCI & www.IASST.com




Ocean Energy Europe 2015
by Ocean Energy Europe

 
Ocean Energy Europe 2015
The Ocean Energy Europe will be held in Dublin on the 20th & 21st of October 2015.

With the support of the Sustainable Energy Authority of Ireland, the industry converges on Dublin in October 2015 for the year's most important ocean renewable energy event.

On the 20th and the 21st of October, OEE2015 will bring together 500 high-level delegates for two days of unrivalled networking and learning, as well as a 300m2 exhibition.

In a show of support for the ocean energy sector, the European Commissioner for the Environment, Maritime Affairs and Fisheries, Karmenu Vella and four ministers from key countries have confirmed their attendance at ‪‎OEE2015:

Alex White, Minister for Communications, Energy and Natural Resources, Ireland
Bart Tommelein, Secretary of State for the North Sea, Belgium
Fergus Ewing, Minister for Business, Energy and Tourism, Scotland
Carl Sargeant, Minister for Natural Resources, Wales

For information on the event, please access this link.

As part of the international conference, a Horizon 2020 Brokerage Event has also been organised in order to support members in obtaining finance from the next EU Horizon 2020 calls. The Ocean Energy Europe brokerage event's aim is to foster new project ideas and build project consortia. This event is open to Ocean Energy Europe members only, members are invited to submit project ideas in advance. During the brokerage event, project proposers will have the chance to present their ideas and discuss them further during group meetings with potential partners.

More details are available on the brokerage event through this link

Source: http://www.oceanenergy-europe.eu September 2015




Maritime Education

Institute of Chartered Shipbrokers (Ireland) 2015 -2016 Courses
by ICS Ireland

 
ICS Ireland

The Institute of Chartered Shipbrokers (Ireland) have announced the 2015 -2016 Course timetable.


The Institute of Chartered Shipbrokers (Ireland) is pleased to offer the following Courses in Dublin City University:

FOUNDATION DIPLOMA IN SHIPPING (FD)

ADVANCED DIPLOMA IN SHIPPING (AD)

PROFESSIONAL QUALIFYING EXAMINATIONS (PQE)

These courses are accredited by the Institute of Chartered Shipbrokers in London. They are suitable for all those involved in the world of shipping e.g. liner trades, port agency, transport, freight forwarding, port operations and shipping finance. The Foundation Diploma is principally intended for those new to the Industry.

The Advanced Diploma is intended for those who have some basic knowledge of shipping but who feel at the initial stage that the PQE is too much for them to undertake. The Professional Qualifying Examinations are undertaken by those who wish to become Members of the Institute of Chartered Shipbrokers.

The Foundation Diploma Course covers Introduction to Shipping and a choice of Port Agency or Liner Trades whilst the Advanced Diploma covers Shipping Business and either Port Agency or Liner Trades. Those who wish to take the Professional Qualifying Examinations can take Economics of Sea Transport and Legal Principles in Shipping Business as part of their qualification.

These Courses receive support from the Irish Maritime Development Office (IMDO).       

Duration

The Courses run from 1030 – 1700 hours each Saturday as follows:

  • 26th September, 2015
  • 24th October, 2015
  • 21st November, 2015
  • 12th December, 2015
  • 16th January, 2016
  • 13th  February, 2016
  • 12th  March, 2016
  • 9th April, 2016

Timetable

1030 – 1330 hours Liner Trades, Port Agency and Economics of Sea Transport

1400 – 1700 hours Introduction to Shipping, Shipping Business and Legal Principles Examinations take place in April, 2016.

Fees 

The Course Fee is €890 for two modules and €450 for one module. For students who are not being financially supported by their companies there is a small bursary fund available to assist them. 

To register and for further information please contact Mrs. Hilary Park on (087) 6566610 or email education@icsirishbranch.ie

Source: http://www.icsireland.ie/ Spetember 2015




IMDG Dangerous Goods by Sea Course
by Export Edge

 
Export Edge are offering a number of maritime logistics lead courses in the forthcoming months.

Export Edge, an international training and consultancy company based in Dublin are offering a number of maritime logistics courses in the forthcoming months.

They are currently enrolling for the IMDG Dangerious Goods by Sea course. This two day course is essential for shoreside staff whose duties concern the carriage of dangerous goods by sea. The course is in compliance with the IMDG Code Amendment 37-14 and the responsibilities required by the international Maritime Association.

For more information on the course and other PQE options offered by Export Edge, please log onto: http://export-edge.com/

Source: www.export-edge.com September 2015




Irish Shipping volumes up 3% during Q2 2015
by Irish Maritime Development Office


Shipping and port activity in the Republic of Ireland rose by 3% in the second quarter of 2015 when compared to the corresponding period of 2014, according to the latest quarterly iShip Index published by the Irish Maritime Development Office (IMDO).

The latest analysis also indicates that four of the five principal freight segments grew in the second quarter of 2015. Unitised traffic which consists of Roll-on/Roll-off (Ro/Ro) off and Lift-on/Lift-off (Lo/Lo) traffic continued to rise steadily and has now shown consistent growth for an extended period, with an average growth of 6% per quarter in unitised traffic since Q2 2013 as measured by the IMDO’s iShip Index*.

The majority of Ro/Ro traffic moves between Ireland and Great Britain. This freight segment is a simple but reliable indicator of the level of trade between both economies. Encouragingly, the Ro/Ro freight sector saw volume growth of 7% in the second quarter to 258,390 units. This is the tenth consecutive quarterly increase that Ro/Ro freight traffic has experienced.

Lo/Lo imports have now risen for seven consecutive quarters, reaching 95,550 teu. Lo/Lo exports also grew strongly rising 9% to reach 74,558 teu, the highest recorded figure since Q2 2008 when container exports stood at 76,752 teu. Overall, Lo/Lo container traffic increased 10% to 170,108 teu.

When reviewing unitised traffic it is worth noting that both Lo/Lo and Roll-on/Roll-off freight moves in an all-Island setting. Therefore when Northern Irish Ports are included, all-island Ro/Ro volume grew by 4% in Q2 2015. All Island traffic in the Lo/Lo sector grew 5% overall, with imports rising 6% and exports 4% for Q2 2015.

The overall bulk traffic segment saw tonnage volumes increase by 1%, excluding transhipments, when compared to the previous year. This was driven by a strong increase in traffic in liquid bulk which rose 11% (again oil transhipments excluded), with petroleum based products in particular showing strong growth. Break bulk, which largely consists of imports of construction and project related commodities, increased by 14%. Break bulk has now seen nine consecutive quarterly increases. There was a 6% fall in dry bulk traffic for Q2 2015 with trade in animal feed, fertiliser and coal affected the most. This follows a 6% increase in Q1, with a high degree of fluctuation in traffic volume typical in the dry bulk market when viewed on a quarterly basis.

Summary of Freight Traffic Trends: Republic Of Ireland




Ardmore Shipping Corporation 99.9k DWT Summer Deliveries
by The Irish Maritime Development Office

 

Cork based Ardmore Shipping Corporation took delivery of three new product tankers over the summer season totalling a combined 99.9k DWT. 




Cork based Ardmore Shipping Corporation continues to follow an ambitious new build programme with the delivery of three new product tankers over the summer season. The most recent delivery,  the Seawolf is a 49,999 dwt IMO 3 product and chemical tanker was completed by SPP Shipbuilding in South Korea's Sacheon shipyard. The ship was handed over to her owners on the 13th of August and is a sistership to the Ardmore Sealion which made her debut in June.

With the addition of Ardmore Seawolf, this increases the number of Ardmore vessels on the water to 22. Technical management of the newbuild will be provided by Univan Ship Management.
Commenting on her delivery, Mark Cameron, Ardmore Shipping's COO, said: "We are pleased to welcome the Ardmore Seawolf to the Ardmore fleet, where she will join her sister ships, the Ardmore Sealion and Ardmore Seafox. We extend our sincere thanks to SPP Shipbuilding for their diligence, commitment and excellence throughout the build process. The addition of the Ardmore Seawolf demonstrates our constant commitment to growing Ardmore's fleet through the addition of state-of-the-art, high quality and efficient vessels to our fleet. With an average age of under four and a half years, the Ardmore fleet is among the youngest in the industry.'

As with the rest of the Ardmore fleet, The Ardmore Seawolf is a high quality eco-design newbuild  equipped with a variety of fuel-saving measures, including Skysails vessel optimization software and offering the highest standards of fuel efficiency and operational performance. The Ardmore Seawolf is the third of four newbuild vessels to be delivered from SPP Shipbuilding this year. In July the Ardmore Chinook was delivered by Fukuoka Shipbuilding Co. Ltd from their Nagasaki shipyard in Japan. The Ardmore Chinook is a 25,000 DWT IMO 2 product and chemical tanker. Technical management of the Ardmore Chinook will be provided by Thome Ship Management Pte Ltd.

Mark Cameron, Ardmore Shipping’s COO said at the time of the new build delivery: “We are pleased to welcome the Ardmore Chinook, sister ship to the Ardmore Cherokee and Ardmore Cheyenne, to our growing fleet. We extend our gratitude to Fukuoka Shipbuilding for their commitment and professionalism throughout the build process."

The Ardmore Seafox, was also built and delivered by SPP Shipbuilding in June 2015.  The Ardmore Seafox is a 49,999 DWT IMO 3 product and chemical tanker. Technical management of the Ardmore Seafox will be provided by Univan Ship Management Ltd. A remaining vessel in the IMO 3 product and chemical tanker series is due for delivery in the final quarter of this year.

Source: Ardmore Shipping, August 2015



Irish port sector received EU support for future development plans
by www.dttas.ie & IMDO

 
Ireland’s largest ports have secured a multi-million capital funding contribution collectively from the European Union.

The Irish port sector has recently received EU support for future development and expansion plans.

Three of Ireland’s largest ports have secured a €39 Million collective allocation from the European Union’s Motorways of the sea and Ten-T programmes which will be used to fund their development plans.

Welcoming the announcement by the European Commission that a number of projects – including developments across the Irish ports – which have been recommended for co-funding under the Connecting Europe Facility (CEF) scheme, Minister Paschal Donohoe said "This is good news and a further boost for infrastructure investment in Ireland. The recommendation by the European Commission in respect of these five projects is a positive step in the development of these key infrastructural projects which will allow for future growth and development which will ultimately help with job creation.  He added “I was particularly delighted to support the port companies in their applications. Ireland’s National Ports Policy categorises the Port of Cork Company, Dublin Port Company and Shannon Foynes Port Company as Ports of National Significance (Tier 1) in recognition of the key role of they play in national economic development.

Minister Donohoe went on to say "This positive announcement will support significant, planned investment by the ports and follows the news that the Ringaskiddy project in the Port of Cork has recently been granted planning permission, while just today the Alexander Basin Redevelopment Project received a positive planning decision from An Bord Pleanála, allowing the largest ever infrastructure development project to be carried out at Dublin Port. In addition, Shannon Foynes Port Company’s first major project, the redevelopment of the East Jetty, is now well underway having commenced earlier this year. The continued commercial development of the port companies is a key strategic objective of the Government which will support job creation across the country as they are progressed in the years to come.”

Commenting on the announcement of their successful application, Pat Keating CEO of Shannon Foynes Port Company said "Just one in three applications for the latest round of Ten-T funding was successful and SFPC also received the maximum level of funding allowed – 20% of jetty works total costs and 50% for feasibility studies - for each project, another significant indicator of confidence in the company’s long-term plans for the estuary."

Under the Connecting Europe Facility (CEF), €26.25 billion will be made available from the EU’s 2014-2020 budget to co-fund TEN-T projects in the EU Member States. Of this amount, €11.305 billion will be available only for projects in Member States eligible for the Cohesion Fund.

The four port related projects are as follows:

  • Port of Cork, Ringaskiddy Project (Project Type: Works, Co-funding rate: 17.47%, EU Max Contribution: €12,736,001)
  • Shannon Foynes Port Company, Jetty Enhancement for Sea Port (Works funding 20%, €2,200,000)
  • Shannon Foynes Port Company, Connecting International Sea Cargo to the Irish Rail Network (Study, 50%, €800,000)
  • Dublin Port, Alexandra Basin Redevelopment Project (Works, 10.3%, €22,782,055)

Source: www.dttas.ie  August 2015



IMERC & Naval service co-operate on innovative wind propulsion project
by The Irish Examiner

 
Aeolus, run jointly between the Irish Naval Service, UCC, CIT, and the University of Limerick is testing innovative kite technology.

A new project entitled Aeolus, run jointly between the Irish Naval Service, UCC, CIT, and the University of Limerick is testing innovative kite technology designed to harness food and energy resources of the sea.

Massive kites are hoisted high above naval vessels at sea, resulting in enhanced ship propulsion, increased energy generation and significantly improved surveillance capability 15 times over the normal range. The innovative technology will enable Irish Naval vessels patrol a vast sea area without the need to cruise long distances, resulting in major fuel savings, manpower costs and emissions. The enormous power generating kites (measuring 20m2), using state-of-the-art smart sensor technology, offer a sustainable solution to ship journeys by not only assisting speed, but also providing greatly improved visibility to aid navigation and security.

Other applications being developed include environmental monitoring, maritime forecasting and data transmission from ocean energy devices. The project management is being led by the Defence Forces, with the software development taking place at the Nimbus Centre at CIT. “This exciting project aligns with European energy goals as well as our policy of innovation with social responsibility,’ said Richard Linger, head of the Nimbus Centre’s industry division. Partners include the Irish Maritime and Energy Resource Cluster, the Tyndall National Institute, and University of Limerick. The next stage of the project will see it move towards commercialisation of the product.

With increasing global awareness of the importance of the Earth’s oceans as potential sources of energy security and environmental sustainability, many countries and international organisations are actively engaging in ambitious programmes to ensure resources like fisheries are more efficiently managed and protected. This renewed focus has led to the development of a growing international market for maritime monitoring technologies and solutions. “This collaboration highlights the Defence Forces’ commitment to supporting Irish industry and education. Working through innovative arrangements such as the Irish Maritime and Energy Resource Cluster with UCC and CIT, we are delighted that the skills and expertise acquired by our personnel, together with their creativity and innovation, are being used to develop new sustainable technologies and promote Irish ingenuity.” said Rear Admiral Mark Mellett, deputy chief of staff of the Defence Forces.

Funding was granted through the Sustainable Energy Authority, whose CEO, Brian Motherway, said: “This groundbreaking collaboration combines our strength in clean energy and advanced technology to create something truly unique. It is a very exciting showcase for Ireland.”

Source: The Irish Examiner, September 2015



2016 European Sea Ports Organisation conference confirmed for Ireland
by Afloat Ireland

 

ESPO represents the port authorities, port associations and port administrations of the seaports of the Member States of the EU & Norway.


Dublin Port Company has announced that it will be hosting the 13th edition of the European Sea Ports Organisation (ESPO) annual conference in June of 2016.

The 2016 ESPO Conference will look into ways to improve the efficiency of maritime transport and ports, this from different angles:

  • How to remove the remaining barriers in maritime transport?
  • How to set the digital agenda for ports?
  • How can ports benefit from new trade agreements?

The event will take place next year on 2nd and 3rd of June 2016.

The conference will gather European Commission Officials, Members of the European Parliament, Ministers, Top Managers of European ports and representatives of major players of the maritime business and offer wide opportunities for networking and exchange of information and ideas. All this in the wonderful setting of the Dublin Castle.

More information about the ESPO Conference will follow on the ESPO website.

Source: www.afloat.ie September 2015




More shipping line mergers ‘would stabilise market’
by Lloyds Loading List

 
Further consolidation of the box shipping sector could offer lines more market stability.

Further consolidation of the box shipping sector could offer lines more market stability, but shippers and forwarders might not benefit from the pricing consistency they crave, according to leading shipping executives and analysts.

Drewry Maritime Research said earlier this week that the proposed merger of two Chinese container shipping giants – Cosco and CSCL – to form the fourth largest carrier in the world would make financial sense for both lines and potentially prompt further consolidation of container shipping companies, possibly along national lines. Despite blocking the proposed P3 Alliance of CMA CGM, MSC and Maersk on competition grounds last year, China’s government and regulators now appears to be supporting the mooted merger of Cosco and CSCL. Lars Jensen, chief executive officer for the Asia Pacific region at Maersk Line, told Lloyd’s Loading List.com that he also supported more industry consolidation.


“A merger [between Cosco and CSCL] is a different type of cooperation, but we welcome any type of consolidation,” he said. “This is a fragmented industry and rates instability comes from this, or is one cause of this. “A merger reduces fragmentation. If it happens, we’ll have a bigger competitor out of China, but we don’t see that as a bigger threat than having two competitors.” However, other analysts believe that the huge rates fluctuations on major trades at present would not necessarily lessen if the liner sector further consolidated. Rahul Kapoor, director of equity research at Drewry, said he did not expect liner customers to profit from more consolidation. “The Cosco-CSCL merger is being driven to help the two liner companies and I don’t see how less competition would benefit customers,” he said.

Peter Sand, Bimco chief shipping analyst, added that consolidation was unlikely to fix the supply-demand issues that are the cause of current rate volatility. “Only a better balance between deployed tonnage and stronger demand can do that, and bring higher earnings around again on all trading lanes,” he said. “In the industry today, too much tonnage is available to cater for the lacklustre demand on key trades like Far East to Europe as well as others.” He argued that shippers would most likely see benefits from partnerships and alliances by lines in the shape of the lower costs levels these can generate. “The market is highly competitive and all participants are price-takers,” he said. “A lower cost level is likely to benefit all in the supply chain, from the operators to the importers. However, you have to remember that owners and operators need to run a profitable business in order to maintain the high standards which are required and keep up investments to improve liner networks.  “Importers are enjoying extremely cheap transportation these years at a level which is below a sustainable one for several owners and operators.”

Source: Lloyds Loading List, September 2015



Deep Sea Container Trades Clock Up TEU-Miles
by Clarksons Shipping Research

 

According to the latest Clarksons Shipping Research bulletin, global Container trade has grown firmly over the last decade driven by trade on the intra-Asian network.


The global Container trade has grown firmly over the last decade, with much of this expansion driven by trade on the intra-Asian network.

The deep sea mainlane trades in particular are punching above their weight in terms of TEU-mile growth when analysing the TEU-miles growth.

In 2005 container trade totalled 105m TEU, and by year end 2015 it is expected to reach 179m TEU. The mainlane routes, which had historically represented a major growth area of container trade, have expanded at a relatively modest rate in the last decade, at a CAGR of 3.0% per annum, compared to growth of 5.5% per annum in total box trade. Overall, mainlane trade growth has accounted for 19% of total container trade expansion over the period. Intra-regional trade (the majority of which is accounted for by intra-Asian routes) has been by far the largest contributor to container trade growth, accounting for 47% of expansion in global trade in TEU and growing at a CAGR of almost 7% per annum in 2005-15.

The pattern of trade growth has been much more evenly spread between the routes when looking at expansion in terms of TEU-miles. Demand for container shipping is driven by not only the number of boxes moved, but also the distances involved; mainlane routes are much longer than intra-regional trade lanes.

By using standard distance assumptions for each trade lane, and weighting trade growth in TEU by the miles travelled, a picture of container trade in terms of TEU-miles emerges. In the 2005-15 period, the various routes have each contributed between 17% and 32% to global TEU-mile trade growth, a much smaller range than growth in total TEU (which varies between 16% and 47%). Mainlane trade appears as the biggest driver of TEU-mile growth, while the contribution of intra-regional trade is reduced to 27%. Together, the deep sea mainlane and North-South routes have accounted for 55% of growth in TEU-miles over the ten year period, versus 36% in TEU terms.

Ordering Hints

This large difference between the contribution of mainlane routes to growth in TEU and TEU-miles may help to shed some light on recent ordering trends. Contracting of ‘megaships’ has principally been driven by the continued pursuit towards lower unit costs. However, the vast majority of very large boxships are deployed on mainlane routes (92% of capacity in the 12,000+ TEU sector is deployed on the Far East-Europe route), where although trade volume growth has typically been slower than elsewhere, a notable ‘TEU-mile’ benefit is visible.

A Different Vista

So, the rapid growth in box trade on intra-Asian routes still stands out as a principal driver of global trade expansion over the last decade. But looking at the figures in a different way suggests a perhaps more balanced picture for boxship demand across the various trade lanes. That is why container shipping needs the deep sea trades to keep clocking up the miles.

 Source: Clarksons, September 2015



Crude oil prices retreat towards $50 on demand concerns
by The Irish Times

 
The Oil Markets
A cut in European growth forecasts heightened worries over the outlook for demand for crude oil.

A cut in European growth forecasts heightened worries over the outlook for demand  

Oil prices fell on Friday, pushing benchmark North Sea Brent crude down towards $50 a barrel, after a cut in European growth forecasts heightened worries over the outlook for demand at a time of huge oversupply. The European Central Bank (ECB) have stated that economic troubles in China and emerging markets could drag the 19-member euro zone into deflation in the coming months.

The ECB now sees the euro zone economy growing 1.4 per cent this year, below its previous 1.5 per cent projection. In a sign that banks increasingly expect oil prices to stay low for longer, BNP Paribas, Barclays and Commerzbank all cut their short-term price forecasts. “Oversupply will remain in the market for longer than expected,” Carsten Fritsch, Commerzbank senior oil and commodities analyst, told Reuters Global Oil Forum after announcing the price reduction. His team cut its year-end Brent forecast by $10 to $55 a barrel and expected prices to reach $65 by the end of 2016. “Oversupply will shrink towards zero next year, all other things being equal. This should support a moderate price recovery we expect for next year,” Fritsch said. Barclays cut its 2015 Brent price forecast by $5 to $55 a barrel on Friday, and by $5 to $63 a barrel for 2016.

BNP Paribas lowered its Brent price forecasts on Thursday to $56 per barrel from $62 for 2015 and to $62 from $76 a barrel for 2016. Building on bearish comments, Russia’s energy minister said on Friday he expected oil market oversupply to continue this year. He said he considered an oil price of $50-70 a barrel a fair price. News of an attempted attack on a security facility in Saudi Arabia, the world’s biggest oil exporter, dampened some of the losses.

Brent crude for October was down 17 cents a barrel at $50.51 by 11:00 GMT, after touching an intra-day low of $49.68. US crude was down 25 cents at $46.50 a barrel. “There is still a supply-demand imbalance and on top of that is the overhang in the market,” said Abhishek Deshpande, oil analyst at Natixis in London. “The pressure will remain on oil prices.” Oil investors awaited US August jobs data, due at 1230 GMT on Friday, the fourth of September for indications on the health of the US economy and the likely path of the dollar.

The data will be used by US policymakers as part of their assessment on whether to hike interest rates this year. The next meeting of the US Federal Open Market Committee is set for September 16-17. Investors also kept an eye on US oil rig data due later on Friday for clues on supply. Any drop in rig numbers could bolster oil’s price outlook.

Source: The Irish Times, September 2015



Tanker market looks set to stay the current course for the next few months
by Hellenic Shipping News Worldwide

 
Tanker market brokers seem convinced that the recent correction in tanker freight rates will set the tone moving forward.

Shipbrokers trading in the tanker market seem convinced that the recent correction in tanker freight rates will set the tone for the market moving forward.

As oil prices fall, which is considered a positive development for tanker owners and that the upcoming winter season in the Northern Hemisphere should boost demand, it seems that the latest shockwaves from China could force the market to stay at current levels.

According to the latest weekly report from shipbroker Intermodal, “following the collapse of the Chinese stock market, the devaluation of the country’s currency a week ago, even to those who were optimistic in regards to global growth, more reasons to believe that the state of the economy of the world’s 2nd biggest oil consumer is not as strong as originally thought and possibly reflective of other developed economies as well. The sharp fall of oil prices is also partly indicative of these fundamentals”.

According to Intermodal’s Tanker Chartering Broker, Mr. Stratos Tiniakos, “almost ten years ago oil was trading at US$46pbl when demand from China started pushing prices up, to a point that these reached almost US$  160 pbl just before world economies went into recession. The oil supply glut is now pushing prices further down; with the less optimistic analysts believing that we could even see the 25 mark sooner rather than later. The fall in prices that we are now witnessing was first predicted back in the middle of 2013, as easing of the Iranian sanctions was being discussed, Libya was about to start production again in a post-Gaddafi era and increased US production through fracking was taking place. Many believe that the current collapse in prices is engineered by Saudi Arabia in an effort to knock out the US production as it is estimated that the cost of production of a fracking rig, including the financing cost, is about 70usd per barrel. So with oil prices in the region of 25-30usd it is very difficult for refineries in the US to compete and this is also evident in the fact that the number of fracking rigs dropped from 1608 in October 2014 to 747 in April 2015. So where do we stand now?”, asked Tiniakos.

The broker noted that “the first half of the year was brilliant for the tanker owners and nobody expected rates to remain as firm during the summer season as well, when seasonality always traditionally takes its toll on rates. The low oil prices environment supported dry cargo owners to achieve sustainable margins and tanker owners to gain more out of a very good market. The recent negative reversal though has been puzzling everyone. Despite the fact that a number of tanker owners believe that market will reverse course and start firming once again, it seems unlikely that year highs could be reached any time soon amidst the shock waves China keeps sending in the markets around the world”.

Intermodal’s analysis of the market noted that “in the next couple of months many refineries are going into their scheduled semi-annual maintenance and about 70 million tons of crude will have to be stored, either on ships or in shore tanks. As demand cannot match supply and global growth is very likely to further decelerate, the tanker market is expected to remain somewhere around current levels, with lower oil prices supporting owners through smaller operating costs, helping them to achieve sustainable margins. The need for storage is at the same time expected to increase demand for DWT for 1-2 months period charters. OPEC is the only entity that can save prices from further collapsing but there are currently no signs that the organization is heading towards this direction anytime soon, despite the fact that the consensus to start supporting prices is growing within its members. The next meeting scheduled in December is probably too far in the future to prevent a further significant drop even if it called for this much needed production cut. In the meantime, if world economies are set for further headwinds in the future, even cheaper oil doesn’t sound too bad”, the report concluded.

Source: Hellenic Shipping News Worldwide, September 2015




NMCI to host annual Irish Maritime Forum
by Irish Maritime Forum

 
Irish Maritime Forum
Irish Maritime Forum
The National Maritime College of Ireland will hosting the Irish Maritime forum, which will be taking place on Friday the 25th of September 2015.

The National Maritime College of Ireland (NMCI), which is a constituent college of the Cork Institute of Technology and a partnership with the Irish Naval Service, will be the venue for this year’s national Maritime Industry Forum on the 25th of September. This event, which will be formally opened by Minister Simon Coveney, is aimed at organisations and professionals operating within the broad maritime industry in Ireland.

The first event will be a drinks reception on the evening of Thursday 24th (Sponsors & Speakers Only) which will be held at the Port of Cork followed by the main event on Friday 25th which will be held at the National Maritime College of Ireland. The programme for the main event is available on www.irishmaritimeforum.ie

Delegates interested in attending the Irish Maritime Forum 2015 are asked to register now by visiting www.irishmaritimeforum.ie

The Irish Maritime Forum will feature a host of events including a welcome address by an Irish Government Minister, lunch, gala dinner and a partner’s programme.

For further information please see full programme at the Irish Maritime Forum or contact info@irishmaritimeforum.ie

Exhibitor places available plus excellent sponsorship opportunities.

Source: The NMCI, September 2014

 



International maritime safety conferencing coming to Cork in October 2015
by NMCI

 
10th International IASST Conference
The 10th International IASST Conference will take place in Cork on the 19th and 20th of October 2015.




An international maritime safety conference will be coming to Cork in October 2015

IASST facilitates the exchange of information on matters relating to safety in the maritime environment and to promote continuous improvement in safety and survival training.

The  IASST 10th International Conference will be open to all those engaged in maritime safety.

This year's conference will take place at the National Maritime College of Ireland in Cork and the current programme outline is as follows:

Day 1. (19th Oct 2015) 

Maritime Survival systems 

What is the Flag state prospective? Mr. Brian Hogan Chief Surveyor MSO
What is the P&I clubs role? Alf Martin Sandberg, Senior Technical Advisor Gard P&I
Use of Simulators? VMT  
The effects of the Polar code? Dave (Duke) Snider Senior VP Nautical Institute

What about ‘The Human Element’?  

Day 2. (20th Oct 2015)  

Global training standards

The IMO prospective, achieving global standards through STCW Mr Milhar Fuazudeen, Head Maritime Training and the Human Element IMO
The Offshore prospective, achieving global standards offshore. OPITO representative  
The fishing prospective, STCW (F) the Irish viewpoint. BIM representative
The  STCW standard

See www.nmci.ie  or www.IASST.com for full details.

The Conference format and speakers may be subject to change and early registration is advisable.

Source: NMCI & www.IASST.com



Ocean Energy Europe 2015
by Ocean Energy Europe

 
Ocean Energy Europe 2015
The Ocean Energy Europe will be held in Dublin on the 20th & 21st of October 2015.

With the support of the Sustainable Energy Authority of Ireland, the industry converges on Dublin in October 2015 for the year's most important ocean renewable energy event.

On the 20th and the 21st of October, OEE2015 will bring together 500 high-level delegates for two days of unrivalled networking and learning, as well as a 300m2 exhibition.

In a show of support for the ocean energy sector, the European Commissioner for the Environment, Maritime Affairs and Fisheries, Karmenu Vella and four ministers from key countries have confirmed their attendance at ‪‎OEE2015:

Alex White, Minister for Communications, Energy and Natural Resources, Ireland
Bart Tommelein, Secretary of State for the North Sea, Belgium
Fergus Ewing, Minister for Business, Energy and Tourism, Scotland
Carl Sargeant, Minister for Natural Resources, Wales

For information on the event, please access this link.

As part of the international conference, a Horizon 2020 Brokerage Event has also been organised in order to support members in obtaining finance from the next EU Horizon 2020 calls. The Ocean Energy Europe brokerage event's aim is to foster new project ideas and build project consortia. This event is open to Ocean Energy Europe members only, members are invited to submit project ideas in advance. During the brokerage event, project proposers will have the chance to present their ideas and discuss them further during group meetings with potential partners.

More details are available on the brokerage event through this link

Source: http://www.oceanenergy-europe.eu September 2015




Institute of Chartered Shipbrokers (Ireland) 2015 -2016 Courses
by ICS Ireland

 
ICS Ireland

The Institute of Chartered Shipbrokers (Ireland) have announced the 2015 -2016 Course timetable.


The Institute of Chartered Shipbrokers (Ireland) is pleased to offer the following Courses in Dublin City University:

FOUNDATION DIPLOMA IN SHIPPING (FD)

ADVANCED DIPLOMA IN SHIPPING (AD)

PROFESSIONAL QUALIFYING EXAMINATIONS (PQE)

These courses are accredited by the Institute of Chartered Shipbrokers in London. They are suitable for all those involved in the world of shipping e.g. liner trades, port agency, transport, freight forwarding, port operations and shipping finance. The Foundation Diploma is principally intended for those new to the Industry.

The Advanced Diploma is intended for those who have some basic knowledge of shipping but who feel at the initial stage that the PQE is too much for them to undertake. The Professional Qualifying Examinations are undertaken by those who wish to become Members of the Institute of Chartered Shipbrokers.

The Foundation Diploma Course covers Introduction to Shipping and a choice of Port Agency or Liner Trades whilst the Advanced Diploma covers Shipping Business and either Port Agency or Liner Trades. Those who wish to take the Professional Qualifying Examinations can take Economics of Sea Transport and Legal Principles in Shipping Business as part of their qualification.

These Courses receive support from the Irish Maritime Development Office (IMDO).       

Duration

The Courses run from 1030 – 1700 hours each Saturday as follows:

  • 26th September, 2015
  • 24th October, 2015
  • 21st November, 2015
  • 12th December, 2015
  • 16th January, 2016
  • 13th  February, 2016
  • 12th  March, 2016
  • 9th April, 2016

Timetable

1030 – 1330 hours Liner Trades, Port Agency and Economics of Sea Transport

1400 – 1700 hours Introduction to Shipping, Shipping Business and Legal Principles Examinations take place in April, 2016.

Fees 

The Course Fee is €890 for two modules and €450 for one module. For students who are not being financially supported by their companies there is a small bursary fund available to assist them. 

To register and for further information please contact Mrs. Hilary Park on (087) 6566610 or email education@icsirishbranch.ie

Source: http://www.icsireland.ie/ Spetember 2015



IMDG Dangerous Goods by Sea Course
by Export Edge

 
Export Edge are offering a number of maritime logistics lead courses in the forthcoming months.

Export Edge, an international training and consultancy company based in Dublin are offering a number of maritime logistics courses in the forthcoming months.

They are currently enrolling for the IMDG Dangerious Goods by Sea course. This two day course is essential for shoreside staff whose duties concern the carriage of dangerous goods by sea. The course is in compliance with the IMDG Code Amendment 37-14 and the responsibilities required by the international Maritime Association.

For more information on the course and other PQE options offered by Export Edge, please log onto: http://export-edge.com/

Source: www.export-edge.com September 2015

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