News & Media

28 May, 2021

Australian Newsletter - Issue 680

IMO PAVING THE WAY FOR AUTONOMOUS VESSEL REGULATION
Source: Gary Howard (Seatrade Maritime News)
The International Maritime Organisation (IMO) completed a regulatory scoping exercise to assess future regulation of Maritime Autonomous Surface Ships (MASS). At its 103rd session, IMO’s Maritime Safety Committee (MSC) analysed existing ship safety treaties with a view to regulation of MASS and keeping regulations fit for advancing technologies. The scoping exercise completed at MSC 103 started in 2017, considered multiple levels of automation, and looked at whether IMO provisions applied to MASS operations, contained gaps, outright prevented MASS operations or needed amendments or clarifications.  FULL STORY

MARITIME CHARITY SHARES LEARNING ABOUT SEAFARER MENTAL HEALTH AND WELLBEING TRAINING WITH IMAREST CONFERENCE DELEGATES
Source: Maritime Charities Group
Today the Maritime Charities Group (MCG) will be sharing lessons learnt about mental health and wellbeing awareness training for seafarers with delegates from across the maritime sector at the 1st Global Conference for Seafarer Mental Health and Wellbeing, organised by IMarEST. Lysanne Wilson is speaking on behalf of MCG about their Seafarers’ Mental Health and Wellbeing Awareness Training Standard which was published in July last year by the Merchant Navy Training Board (MNTB). The Standard was written by experts from the maritime and education sectors in response to increasing reports of mental health issues amongst seafarers and the plethora of training that was coming onto the market as a result.  FULL STORY

HYDROGEN STAKEHOLDERS PRIMED FOR PROGRESS AT NOR-SHIPPING’S OCEAN NOW
Source: The Maritime Executive
Maritime and energy trailblazers will gather, both physically and digitally, at Nor-Shipping’s Ocean Now next week to assess the potential, risks and rewards of backing hydrogen as shipping’s future fuel. A who’s who of leading stakeholders are now confirmed as participants at Nor-Shipping Hydrogen Blue Talks – Fuelling the Future, a new hybrid global conference taking place on 2 June. The latest names have just been announced for two key sessions – Real Transformers and Gamechangers. The initiative will take place in front of a live audience at Nor-Shipping’s Nova Studios in Lillestrøm, Norway, while also beaming out digitally to global ticket holders.  FULL STORY

STELLA MARIS JOINS CALL TO END PIRACY THREAT IN GULF OF GUINEA
Source: The Maritime Executive
Global maritime charity Stella Maris has signed up to the Gulf of Guinea Declaration on the Suppression of Piracy, demonstrating the organisation’s commitment to eradicating the scourge of piracy. Stella Maris International Network Director Fr Bruno Ciceri, who is based in the Vatican, signed the Declaration on behalf of the charity. “We fully support the shipping industry and maritime community in the fight against piracy. It is unacceptable that seafarers, unsung heroes who keep world trade moving, continue to be subjected to pirate attacks. Aside from disrupting the global economy, the persistent threat of danger and harm puts considerable stress on seafarers and their families,” said Fr Bruno.  FULL STORY

HOW THE SHIPPING CONTAINER CRISIS DEMONSTRATES THE RISK OF IMBALANCE IN GLOBAL TRADE
Source: Forbes (International Shipping News)
Disruption to supply chains triggered by the impacts of Covid-19 has ignited a worldwide shipping crisis, with prices of shipments skyrocketing due to a shortage of containers. Often headlined as the perfect storm, a combination of pressures has escalated shipping costs to more than four times the normal rate, threatening the stability of businesses that depend on these trade transport lines. According to the Financial Times, the price of a 40-foot container routed from Asia to Northern Europe has risen from $2,000 to $9,000, while CNBC has reported that the cost of goods transported from Asia to the West Coast of America has increased by 145 percent.  FULL STORY

2021 SHAPING UP FOR A BOOM YEAR IN NEWBUILDING ORDERS
Source: Hellenic Shipping News
Ship owners’ appetite for newbuildings seems unabated during the first few months of 2021, after the past lackluster years of relatively limited investment. An expected rebound in freight rates has also triggered more deals in the newbuilding part of the market. In its latest weekly report, shipbroker Allied Shipbroking said that “a week with few but interesting moves took place in the dry bulk newbuilding market. The recent correction in freight rates has not trimmed expectations or appetite significantly, at least for now. The overall bullish sentiment in the sector and the positive outlook for the demand and supply fundamentals are anticipated to retain the newbuilding market at relatively active levels.  FULL STORY

AUSTRALIA — A DRIVING FORCE FOR IMO REFORM
Source: Lloyd’s List
Australia is pushing for more transparency and a bigger voice for smaller states within the International Maritime Organization. AUSTRALIA, a key player at the International Maritime Organization, is seeking re-election to category (b) of IMO Council for the 2022-23 biennium to secure its place as a significant maritime nation with an optimistic vision for the future of the maritime community. An island-continent, Australia’s international trade is 98% seaborne; 1.4bn tonnes of cargo moves through its ports annually, to help build, fuel, and feed the world.  FULL STORY

PILBARA PORT DEAL OPENS DOOR FOR ELEMENT 25 MANGANESE EXPORTS
Source: Matt Birney (The West Australian)
Element 25 is poised to start shipping manganese from its new Butcherbird operation after nailing down a multi-user access agreement with the Pilbara Port Authority. The port access contract allows the company to dispatch manganese concentrate from its Butcherbird mining and beneficiation operation through the Utah Point bulk handling and loading facility at Port Hedland. ASX-listed Element 25 is currently commissioning the processing plant at Butcherbird, about 130km south of Newman in the southern Pilbara region, and recently produced an initial concentrate. FULL STORY  

RECORD IRON ORE PRICES BOOST AUSTRALIA'S ECONOMY, BUT WILL THE CHINA TRADE WAR END THE BOOM?
Source: Rachel Pupazzoni (ABC News)
Driving along the Great Northern Highway through Western Australia's remote Pilbara region at sunrise is a unique experience. A landscape of gold, red and green surrounds you, the sky glows with a pink hue and the air is crisp. Underneath all that natural beauty lies the single most valuable thing to Australia — iron ore. A Rio Tinto iron ore train, stretching for up to 3 kilometres, passes through a level crossing. The commodity helped shave $50 billion off the recently revealed budget deficit, it's what Western Australian Premier Mark McGowan fought to protect with his hard border last year, and it's been one of the few sectors to excel as others have been crippled by COVID-19.  FULL STORY 

RESOURCES TOP 5: WHO STRUCK A CENTURY TODAY?
Source: Josh Chiat (Stockhead)
Here are the biggest small cap resources winners in early trade, Monday May 25. On the same day market darling Rumble Resources (ASX: RTR) launched the start of a long-awaited drilling campaign, investors funded to the tune of $40 million another zinc-lead explorer who stole their thunder. Variscan Mines struck a century in early trade, soaring more than 130% on stunning zinc and lead grades from their Novales project in Spain. Once an operating underground mine, the discovery of the new La Caseta and 168-177 trends has got the market on notice. At Caseta, Variscan has uncovered a new “laterally extensive, high-grade” lens below existing mineralisation of 16.9m…  FULL STORY

S&P/ASX 200 LIFTS 0.65% AS CONSUMER CONFIDENCE RISES TO 19-MONTH HIGH
Source: Tharun George (Proactive Investors)
Brent crude oil futures for July gained 2.9% to US$68.40 a barrel after a new deal to lift sanctions against Iran became less likely than it was last week.
S&P/ASX 200 (INDEXASX:XJO) has lifted 0.65% to 7091.7 points by about 1 pm following a strong lead from Wall Street. The mood is upbeat as the weekly ANZ-Roy Morgan consumer confidence rating rose by 1.5% to a 19-month high of 114.2 (long-run average since 1990 is 112.6). Local technology stocks were up by about 2% per cent, chasing Wall Street’s gains which were led by technology shares and reopening plays.  FULL STORY

AUSTRALIA’S PORT KEMBLA TO INCREASE COAL EXPORT FEES
Source: Argus Media
Australia's 25mn t/yr Port Kembla Coal Terminal (PKCT) in southern New South Wales (NSW) will increase its export charges from 1 July, increasing cost pressures on the struggling Illawarra coking and thermal coal and steelmaking industries that use the port. Port Kembla shipped around 7.5mn t of coal in 2020, down from about 8.3mn t in 2019 but up from a low of 5.5mn t in 2017, according to initial shipping data collated by Argus. It has begun 2021 reasonably strongly, shipping around 2.5mn t over January-April, but remains far short of the 14.4mn t shipped over the whole of 2012. The port has had a depressed few years, with some mining firms such as Wollongong Coal closing local mines and others, such as Australian firm South32, facing technical difficulties at their mines.  FULL STORY

PORT BOTANY TARGETED IN LATEST INTERMODAL BLITZ
Source: ATN
Truck infringements the main outcome from joint operation. Multi-agency intermodal operations have moved to NSW, with high-visibility enforcement at Port Botany checking compliance in and around the port precinct. Shortly after Operation Crossway in Portland, Victoria, the latest one sees the Australian Border Force (ABF) link with NSW Police, Transport for NSW (TfNSW) and the Department of Home Affairs in Sydney on May 18.  FULL STORY 

TAURANGA PORT SHIPS OFF RECORD NUMBER OF CONTAINERS
Source: RNZ
A record number of shipping containers departed the Port of Tauranga on Monday as the port works to clear supply chain backlogs. The port in partnership with shipping company Maersk and logistics company Kotahi is working to unlock New Zealand's congested export supply chain. On Monday a record lift of 5326 containers: of which 1914 were refrigerated were loaded on the Maersk Shams bound for export markets. Another ship due in port next month, Sally Maersk is set to pick up a similar amount of containers. Kotahi chief executive David Ross said exporters were seeing constant schedule slippage, loss of capacity and shortages of containers from lengthening cycle times as the global supply chain disruption continued.  FULL STORY

WOMEN IN MARITIME
Source: Loop Author
Women in PNG are being encouraged to pursue careers in the maritime industry through a  scholarship that is enabling young women to study at the PNG Maritime College and have hands-on experience on board marine vessels. Michelle Marnapal, a marine engineering cadet is one of 26 women who have been awarded Australia Awards Maritime Scholarships since 2018 through an innovative partnership with the private sector. ‘If you’re interested in marine engineering and have the opportunity to study – take it; don’t let your gender dictate your dream,’ says Michelle to young women.  FULL STORY

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