News & Media

16 April, 2021

Australian Newsletter - Issue 674

INMARSAT + ONEOCEAN INITIATE PARTNERSHIP TO FOCUS ON MARITIME SOLUTIONS
Source: Satnews
Leading maritime technology innovators have joined forces to open a new chapter in industry-wide digitization for navigation and compliance. Inmarsat and OneOcean have created a partnership that focuses on the digitization of navigation and compliance in the maritime industry. The multi-phase agreement, which will see OneOcean become an Inmarsat Certified Application Provider (CAP), is centered on leveraging Inmarsat’s technology platform and OneOcean’s digital solutions to transform the way voyage planning software is deployed, updated and integrated between ship and shore.
FULL STORY

SEAFARER WELFARE AND POST-PANDEMIC ECONOMIC RECOVERY DOMINATE SEA ASIA 2021 VIRTUAL PREVIEW
Source: Seatrade Maritime News
Seafarer welfare and the outlook for post pandemic global trade will form the key discussion points at Sea Asia’s inaugural Virtual Preview event, which commences on 21 April for two days – as part of Singapore Maritime Week. Seafarer welfare and the outlook for post pandemic global trade will form the key discussion points at Sea Asia’s inaugural Virtual Preview event, which commences on 21 April for two days – as part of Singapore Maritime Week. This will take place ahead of Sea Asia 2021, a hybrid virtual and physical event (21 -  23 September) aimed at bringing people and businesses back together, to collaborate, re-engage, re-establish relationships, and reconnect around the transformation of the...  FULL STORY

REMOTE MARITIME TRAINING ON A ‘VIRTUAL’ BRIDGE IS HERE
Source: Kilo (The Maritime Executive)
Kilo Solutions Limited have developed a Virtual Reality Navigational Bridge to help train and develop mariners in Bridge Resource Management and Rules of the Road at Sea. “Responding to the challenges of our time, the maritime sector has been seeking transformational options for training their people within experiential environments that offer scalability, portability, and affordability,” says Andy Parkin, Managing Director of Kilo. “The maritime sector is looking for tools to remotely develop and maintain critical skills and operational standards relevant to their operating environments and vessel types.”  FULL STORY 

DRY BULK MARKET STILL FRAGILE DESPITE RECENT RALLY
Source: Nikos Roussanoglou (Hellenic Shipping News)
Despite the dry bulk market’s recent upward momentum, things are still quite fragile and nothing should be taken for granted. In its latest weekly report, shipbroker Allied Shipbroking said that “with Q1 of the year already passed, it is interesting to note that a typically sluggish period in the year for the dry bulk sector has come to be one of the most promising rallies not seen for many years. The current market has created a lot of enthusiasm in terms of what to expect next, so it may sound odd under such conditions to be talking about risk management, hedging strategies and “defensive” assets”.  FULL STORY

MANILA CREWS ‘UNAVOIDABLE’ AS WA EXPORTERS FORCED TO NAVIGATE COVID WATERS ALONE
Source: Marta Pascual Juanola (WA Today)
Iron ore exporters keeping the nation’s economy afloat have no choice but to use crews from the Philippines as coronavirus restrictions make it near impossible to change over staff on West Australian soil. Health Minister Roger Cook floated a plan last year to ban Manila-based crews from being used by iron ore carriers amid a surge in positive cases on the ships but it was quickly abandoned due to the insurmountable logistical challenges. The capital of the island nation has become one of few viable enclaves for shipping companies servicing Australian routes to change over staff after China banned foreign seafarers from alighting in the country’s ports.  FULL STORY

WA MINING KEPT ECONOMY GOING: MORRISON
Source: Michael Ramsey (Port Macquarie News)
Scott Morrison has lauded Western Australia's resources industry for propping up the economy during one of the nation's toughest years. The prime minister jetted to WA's Pilbara region on Thursday where he joined billionaire Andrew Forrest to tour Fortescue Metals Group's Christmas Creek mining operations. Mr Morrison inspected an ore processing facility, climbed aboard an autonomous truck and was shown an enormous solar farm that helps power the Christmas Creek and nearby Cloudbreak mines. WA's resources sector reported record sales of $174 billion in 2020…  FULL STORY

WA GOVERNMENT GREENLIGHTS STRIKE IRON ORE MINE
Source: Matt Birney (The West Australian)
Strike Resources looks set to build a second iron ore mine, this time in WA, after the West Australian government gave the ASX-listed company the nod of approval to commence mining operations at its Paulsens East iron ore deposit in the Pilbara region. The move follows the acceptance of Strike’s Project Management Plan by the WA Department of Mines, Industry Regulation and Safety. A new mine in WA will add to Strike’s existing cashflows from its iron ore mine in Peru, for which the company just inked an offtake deal. Paulsen’s East is now moving into the final stages of the approvals process as Strike puts the finishing touches on its mining proposal, which still requires approval prior to the commencement of site works and mining at the budding hematite operation.  FULL STORY

GRAINS COOPERATIVE CBH GROUP DECLARES FORCE MAJEURE AFTER APR 11 CYCLONE SEROJA
Source: Takmila Shahid (SP Global)
Singapore — CBH Group, a grain growers' cooperative based in Western Australia, has declared force majeure for Geraldton and parts of Kwinana port zones following damages from cyclone Seroja on April 11, according to an emailed notification sent to customers seen by S&P Global Platts. "We are currently unable to use several rail lines and some key road networks are restricted, reducing our ability to move grains to port. This will further impact our shipping schedule and export program from the Geraldton port," CBH told Platts April 14. Western Australia exports around 90% of its total wheat harvest and accounts for 40% of Australia's total exports.  FULL STORY

FENIX RESOURCES RESUMES HAULAGE FROM IRON RIDGE MINE IN WA FOLLOWING CYCLONE SEROJA
Source: Jessica Cummins (Proactive)
The company suspended road haulage to its Geraldton port storage facility on Sunday, April 11, and this has now resumed with electricity supplies in Geraldton restored. Fenix Resources Ltd (ASX:FEX) has resumed haulage of iron ore from its Iron Ridge Mine in Western Australia's Mid-West to its storage facility at the Geraldton Port. This follows the resumption of power supplies in Geraldton in the wake of Cyclone Seroja, however, the Iron Ridge mine was not impacted by the severe weather event. Shares have been almost 12.5% higher to 27 cents while the company's market cap is approximately $111.7 million.  FULL STORY  

MARCH CATTLE EXPORTS SLIP TO 55,073 HEAD
Source: Beef Central
AUSTRALIAN cattle export volumes slipped to 55,073 in March, well below the rolling  five year average for the month of 82,955 head. Exports to Indonesia totalled 35,680, also well down on the rolling five year March average of 47,640. The biggest reduction though came in shipments to Vietnam which dropped to zero for the month, according to latest monthly data released today. While long-term demand fundamentals for Vietnam remain strong, the recent sudden drop off in shipping activity has been attributed primarily to buyer resistance to current high cattle prices in Australia.  FULL STORY 

DEVONPORT AND BURNIE PORTS PROMISED MULTI-MILLION DOLLAR UPGRADES UNDER LIBERAL PLEDGE
Source: Molly Appleton (The Examiner)
The Liberal party has pulled out a list of big plans for Devonport and Burnie ports, with an election promise to fast-track investment for a multi-million dollar port development program. Premier Peter Gutwein has pledged to fast-track $385 million for the infrastructure project if re-elected.
"This will deliver increased passenger and freight access in the North West, while importantly supporting growth for our island economy," Mr Gutwein said. Mr Gutwein said $240 million would be invested for the Port of Devonport and $145 million would be to upgrade the Port of Burnie. "Importantly, we expect these transformational projects will create up to 2700 jobs during construction and inject over $236 million into our economy through increased trade, mining royalties, and tourism."  FULL STORY

NEW SPIRIT OF TASMANIA VESSELS TO ARRIVE IN STATE FROM 2023
Source: Matt Maloney (The Advocate)
TT-Line is finally set to sign a contract with Rauma Marine Constructions for the replacement of the Spirit of Tasmania vessels. Premier Peter Gutwein on Wednesday announced negotiations between the TT-Line board and the Finnish shipbuilder had resulted in the inclusion of up to $100 million of local content in the build. "That means that Tasmanian businesses will be able to tender and bid for work on those two new boats," he said. Mr Gutwein said the first of the two vessels would arrive in the state in late 2023 and the second one a year later.  FULL STORY

ORIGIN AND PORT OF TOWNSVILLE SIGN HYDROGEN DEAL
Source: Imogen Hartmann (Utility Magazine)
The Port of Townsville is set to expand and develop new facilities in line with a recently signed Memorandum of Understanding (MOU) with Origin Energy on its export-scale liquid hydrogen project. The MOU facilitates the potential expansion of the port as well as the development of a liquefaction facility, new berth and associated infrastructure. Origin is collaborating with Japan’s Kawasaki Heavy Industries (KHI) on a 300MW early export project that would produce 36,500 tonnes per annum of green liquid hydrogen using renewable energy and sustainable water. The three parties will now focus on work required to accommodate KHI’s semi-commercial-scale liquid hydrogen carriers, which are currently under development, as well as future project expansion opportunities…  FULL STORY

NAPIER PORT UPGRADES ANNUAL EARNINGS FORECAST
Source: Jamie Gray (NZ Herald)
Napier Port - New Zealand's fourth-largest port by container volume - has raised its earnings guidance for the September year to the point where it now expects it to level peg with last year's. The port now expects its underlying result from operating activities to range between $39m and $42m, up from a guidance issued last November of $34m to $38m. The result from operating activities came to $41.2m in the year to September, 2020. "While we remain uncertain about the impact of labour shortages in the pipfruit and seasonal export industries, we expect to - assuming a continuation of the current market conditions - report an underlying operating result for the 2021 financial year similar to the prior year," chief executive Todd Dawson said.  FULL STORY

NZ PUTS AN END TO LIVE CATTLE EXPORTS
Source: Shan Goodwin (Farm Weekly)
AUSTRALIAN live cattle suppliers and exporters have emphasised their trade is completely different from New Zealand's in scale, market dynamics and regulatory framework, in the wake of the Kiwi decision to put an end to live exports by sea. There is little concern the NZ decision will give weight to calls for the trade to be banned in Australia, nor will it have any great effect on demand for Australian cattle. NZ only exports dairy breeders and while its main buyer is China, which also takes Australian dairy breeders, demand for this article globally is extremely strong at the moment. NZ banned live exports of cattle for slaughter in 2008.  FULL STORY

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