News & Media

12 February, 2021

Australian Newsletter - Issue 665

CALL TO ACTION FOR GLOBAL SURVEY OF MARITIME TRAINING PRACTICES
Source: Murray Goldberg (Maritime Professional)
The 2021 Maritime Training Insights Database (MarTID) survey is about to be launched. This is a unique and pivotal time in maritime training.  The pandemic has forced us to adapt our training and has accelerated training innovations. This year’s survey is uniquely important for its ability to help us learn from these unprecedented changes to training practices. If we do not survey and document the changes resulting from the pandemic, we lose a unique opportunity to learn. Therefore, the industry needs you to take 20 minutes to complete the survey at www.MarTID.org. Your contribution will enable the creation of 2021’s comprehensive, freely distributed, global maritime training practices report that you, the members of our industry rely on...  FULL STORY

ARTIFICIAL INTELLIGENCE TO IMPROVE THE SHIPPING INDUSTRY’S EFFICIENCY
Source: The Maritime Executive
Efforts are progressing to harness emerging technologies to improve the efficiency of shipping operations. Japan’s Mitsui O.S.K. Lines announced that it is expanding its efforts with artificial intelligence to achieve greater efficiency with routing which will also contribute to lower emissions from their ships. Building on a partnership that began in 2019, MOL is working with Bearing, a Silicon Valley-based AI technology startup, to improve efficiencies within the maritime industry. Together the two companies are developing a range of products that combine MOL's maritime expertise and Bearing's AI technology infrastructure.  FULL STORY

WINDSHIP TECHNOLOGY UNVEILS ‘TRUE ZERO EMISSION’ SHIP DESIGN
Source: Lee Hong Liang (Seatrade Maritime News) 
British firm Windship Technology has unveiled a ‘True Zero Emission’ ship design based on the company’s patented triple-wing rig, a new diesel electric ship drive system and the incorporation of large solar arrays. The technical and design teams at Windship said the innovative all-ship solution is able to eliminate CO2, NOx, SOx and particulate matter (PM) to ‘True Zero’, helping the shipping industry to meet stricter emission guidelines. “The holistic approach demonstrated in this solution whereby wind power, solar power and the reduction of harmful exhaust emissions to effectively zero, are all brought together, means that…”  FULL STORY

MARITIME MARKET UPDATE: OIL PRODUCTS PRICES RISE MAKING LNG A FUEL OF CHOICE FOR SHIPPING
Source: Hellenic Shipping News
Risavika LNG front month has dropped further for front month contracts, it was at 28.38 EUR/MWh for March and 5.1 % higher week-on-week. However, European hub prices are currently quite bullish on colder weather outlook by the end of February, which can give support to front month prices this week. Oil products had a considerable upside last week on the back of oil prices rally. Markets are quite optimistic on demand recovery due to recent drop in US inventory, rollout of vaccine globally oil production cuts. Fuel oil 3.5 has increased 7.4 % and closed at 334 USD/t for front month contracts.  FULL STORY

IRON ORE FUTURES LOOK FIRM, CHINA’S PORT BOTTLENECKS KEEP LID ON COKING COAL PRICES
Source: Mike Cooper (Stockhead)
The Singapore Exchange’s March futures contract for iron ore was trading Tuesday at $US154 per tonne, and forward prices dipped to $US140 per tonne for July. Futures prices can be a guide to near term trends and in this case indicate the iron ore market will stay relatively firm for the first half of the year. Iron ore shipments for dispatch to Chinese ports were changing hands this week at $US160.50 per tonne ($207.60/tonne) and rebounded $US3.45 from a week earlier. Seaborne market prices are at levels last seen in mid-2013, having nearly doubled from their March low of $US81 per tonne.  FULL STORY

STEEP MONTHLY FALL IN PILBARA CHINA ORE SHIPMENTS
Source: Glenn Dyer (Sharecafe)
Iron ore exports to China through Port Hedland fell a sharp 10% in January from December but were up 4% from January 2020 because of the timing of the Lunar New Year holiday which fell in that month and the start of the COVID driven lockdowns at the same time. The Pilbara Ports Authority said on Tuesday that iron ore exports to China through Port Hedland last month totalled 35.555 million tonnes, up from 33.977 million tonnes in January 2020, but down a sharp 9.4% from December’s 39.902 million tonnes. The timing if the holiday usually brings forward imports of key commodities…  FULL STORY

ASX IRON ORE COMPANIES FENIX AND TOMBADOR ADVANCE TOWARDS FIRST SHIPMENTS
Source: Mike Cooper (Stockhead)
West Australian iron ore producer Fenix Resources (ASX:FEX) has expanded the footprint of its Iron Ridge project for direct shipping ore by teaming up with Scorpion Minerals (ASX:SCN) which has adjacent tenements. Fenix Resources has activated a farm-in and joint venture agreement with Scorpion Minerals to earn a majority interest in 33,950 hectares of tenements next to its Iron Ridge project. “Fenix is excited by the opportunity to increase its land holding and, potentially, its iron ore resource to further benefit from the regional infrastructure, ore transport and port facilities...  FULL STORY

BROOME PORT'S KIMBERLEY MARINE SUPPORT BASE FLOATING JETTY SET TO BEGIN CONSTRUCTION THIS YEAR
Source: Courtney Fowler and Ben Collins (ABC News)
The construction of a new $110 million floating jetty at Port of Broome is edging closer, with tenders only weeks away from being awarded to build the ambitious logistics hub in Western Australia's Kimberley region. The Kimberley Marine Support Base is set to service the region's growing oil and gas, agriculture, and cargo industries, consisting of a 290-metre-long causeway which will lead to a floating wharf and onshore facilities. Director Andrew Natta said the project was on track for construction to begin at Broome's port in the second half of this year, with the facility expected to be operational in the first quarter of 2023.  FULL STORY

SERIOUS INDUSTRIAL ACTION AT THE PORT OF MELBOURNE ON THE WAY, VICT WARNS
Source: Shipping Australia Limited
Victoria International Container Terminal (VICT) is facing imminent disruption from industrial action. This is in the face of a union agenda to force Australia’s first fully automated container terminal to comply with “industry standards” by adopting the incompatible hours, manning and overtime conditions that govern the manually operated terminals around Australia. Adoption of such conditions would see the terminal saddled with inappropriate working arrangements, its efficiencies seriously compromised, and its potential to achieve profitability put at risk, VICT warns.   FULL STORY 

CLIMATE RISK SEES ANZ DIVEST FROM PORT OF NEWCASTLE, THE LARGEST THERMAL COAL TERMINAL IN THE WORLD
Source: Ben Millington (ABC News)
The ANZ bank has pulled out of funding the Port of Newcastle in what is being interpreted as a significant rebuke of the coal industry and its exposure to climate risk. The port is the largest thermal coal terminal in the world, last year exporting 160 million tonnes and accounting for 99.2 per cent of its exports by volume. ANZ was previously a major lender to the port as part of its $950 million debt pile, but in November the port refinanced and ANZ took the opportunity to divest.  FULL STORY

FEEDGRAIN FOCUS: SUPPLY PRESSURE WEIGHS ON SOUTH
Source: Liz Wells (Grain Central)
A SLOWDOWN in demand for nearby wheat and barley export slots coupled with an upswing in growers selling has seen prices for wheat and barley drop by around $5 per tonne in the past week. In the north, only a dollar or two has been lost in the prompt market for white grain, but sorghum has bucked the trend. Short covering into Brisbane for export has lifted the sorghum port price to an abnormally high premium over the delivered Downs market, and both are being fuelled by production that looks like its shrinking as the patchy growing season draws to a close.  FULL STORY

AUSTRALIA’S GLADSTONE SHIPS NO COAL TO CHINA IN JANUARY
Source: Argus Media
The Australian port of Gladstone in Queensland did not ship coal to China for a third month in a row in January, with Japan and India taking more coal than average and a shipment heading to Pakistan for the first time since March 2015. Beijing's ban on Australian coal imports stopped exporters from Gladstone from shipping any coal to China in January, December and November, according to official port data. Initial shipping data collated by Argus indicates that none of the other coal export facilities in Queensland and New South Wales exported to China in December or January, after some minor exports in November.  FULL STORY  

T&G GLOBAL LAUNCHES POPPI
Source: Chris Komorek (Produce Plus)
T&G Global has officially launched its newest apple variety. Branded as Poppi, it will be one of the first New Zealand apples of the 2021 season to arrive in key Asian markets. Poppi is thin skin variety, with a crisp sweet flavour and a sweet flavoured and rich red colour. It’s the first variety to ripen on Hawke’s Bay trees, enabling an early entry of New Zealand apples in highly competitive Asian markets. “The Poppi brand name was developed as a nod to the distinctive red colour of the apple,” said Rachel Stotter, T&G Global’s Director International Sales. “This early season apple will appeal to consumers who prefer sweeter tasting, radiant red apples.”  FULL STORY

PONANT TARGETS AUSTRALIA WITH MORE CRUISES AT HOME
Source: Bernadette Chua (Cruise Passenger) 
Luxury French expedition line Ponant has revealed a big increase in its capacity in Australia with voyages in Western Australia, South Australia, Tasmania, New South Wales and Queensland. The eight new itineraries scheduled for later this year, can be sailed back to back and will include visits to places like Dirk Hartog Island, Shark Bay and the Abrolhos Islands. Guests will experience Australia’s ancient cultures stretching back some 40,000 years or more, see the petroglyphs of Murujuga (Dampier archipelago) the largest, densest and most diverse collections of rock art in the world and much more.  FULL STORY

NEW ZEALAND CRUISE ASSOCIATION’S ANNUAL CONFERENCE CANCELLED — AGAIN
Source: Helen Hutcheon (Seatrade Cruise News)
Debbie Summers, chairman of the New Zealand Cruise Association, said its 2021 conference, which was to have been held in Christchurch August 19-20, has been cancelled for the second year running. Originally slated for August 19-20, 2020, it was to mark Christchurch’s recovery from the devastating February 2011 earthquake and to celebrate the opening of Lyttelton's new purpose-built cruise berth which was scheduled to open three months later. The NZCA’s first annual conference was in Auckland in 2013 and every other year it has been held in a regional port. It was last held in Auckland in 2019.  FULL STORY

Whilst every effort has been made to ensure the accuracy of the information contained herein, Inchcape Shipping Services accepts no liability nor makes any representations or warranties of any kind, express or implied, as to its completeness, accuracy, reliability or suitability.