The ship industry briefing

The latest news, views and numbers you need to know this month

News in Numbers

$57.3m

51%

52%

10

$115m

$250m

2023

Business

Modern Terminals completes Navis N4 upgrades

Modern Terminals Limited has concluded its upgrade of Navis’ N4 Terminal Operating Systems in Hong Kong and Dachan Bay, China.

Navis N4 was chosen by Modern Terminals for the enhancement of terminal operations with an aim to deliver ‘high quality’ services to clients.

Source: Ship Technology

Wartsila to equip Poland’s first LNG-powered RoPax ships

Poland-based Remontowa shipyard has chosen Wartsila for the delivery of engines, fuel storage, and supply systems for three new RoPax ships.

These are said to be the first liquefied natural gas-driven RoPax ships to be constructed for the Polish maritime industry.

Source: Ship Technology

Maersk posts record 2021 profit on soaring freight rates

Danish shipping company AP Moller–Maersk has reported a strong performance in 2021, with revenues increasing by 55% to $61.8bn last year.

Source: Ship Technology

LNG TO BREAK THE ICE

Wärtsilä Voyage has secured an order to supply radio and integrated navigation systems for ten icebreaking liquefied natural gas tankers, which are to be built for the Arctic LNG-2 project. The new contract, which was placed in January, will now be implemented in partnership with Samsung Heavy Industries shipyard.

Source: Ship Technology

Quotes

Stephen Cotton, General Secretary of the ITF, reACTS TO NEWS THAT AP MOLLER–Maersk subsidiary Svitzer has applied to to terminate its collective agreement with its entire Australian workforce

“Svitzer recognising tug workers’ rights to freedom of association and collective bargaining has got to be the cornerstone of any constructive dialogue to resolve this. Svitzer need not engage in a short-sighted race to the bottom that will leave tug workers worse off and our supply chains far less secure.

“We encourage Svitzer to sit down with our affiliates and resolve this together, so that we can return our collective focus to ensuring Australian households and businesses have maritime supply chains they can rely on, for the food, fuel, medicines, and consumer goods they need.”

Guy Platten, ICS Secretary General Comments on a new ICS report showing a Drop-off in labour standards reporting by Flag States

“The pandemic has been a challenge for us all and one that Flag States have also had to weather.

"However, the drop off in reporting against ILO Labour Standards, including the MLC, is further evidence that seafarer wellbeing has been an unintended casualty of the pandemic.

“Hundreds of thousands of seafarers have been trapped on ships for many months beyond their scheduled tours of duty throughout the last two years.

"This report is a reminder that Flag States must keep seafarer wellbeing as a top priority.”