News Bulletin – 11 August 2018

1. New marine nitrogen generator reduces energy consumption by 35 % onboard ships.

9 August 2018 : The marine market is in the process of becoming “greener” and more environmentally friendly. The major drivers are ballast water treatment regulations, tighter regulation of pollution from exhaust gasses and a move towards using LNG as fuel. For ship owners to come out on top of this key transition it is important not to forget the important role nitrogen plays – and will play in the future. “By using an Oxymat nitrogen generator instead of a combustion-based technology to produce inert gas onboard ships is ready for future regulations and can also transport a wider range of products. Nitrogen can be used in the process when treating ballast water – to inhibit corrosion in the piping system. If a ship is having a ballast water system installed in drydock – this would be a great time to install a new nitrogen generator. LNG-fueled vessels use small quantities nitrogen for safety purposes in the GVU. Why not use nitrogen for all inerting and padding purposes? With an Oxymat´s PSA nitrogen generator you can produce high purity nitrogen. The compressed air for the nitrogen generator can even be utilised as working air and has a dew point of minus 20°C”, said Jesper Sjogren, Oxymat’s CEO.

How does the new nitrogen generator benefit ships?
• Power consumption is +35% lower than membrane systems
• All pipe sets and valves are made from stainless steel
• All pressure vessels are made from sandblasted and powder P265 in C4 grade for extended lifetime
• The system is modular and can be expanded if capacity demands change
• Outlet pressure from 5 bar(g) to 9 bar(g)
• Purity from 95% N2 to 5 ppm O2 content

2. Port workers’ unions against investing pension, PF funds in bonds, equities.

8 August 2018 : Workers unions at major port trusts have asked the government to reverse its order allowing the 12 major ports to invest their pension, provident, gratuity and surplus funds in bonds and equities.

It is one of the very serious and dangerous decision taken by the government,” said T Narendra Rao, general secretary, Water Transport Workers’ Federation of India.

The hard-earned money of the port workers and pension fund of lakhs of poor pensioners in the port sector, if invested in equities, will entail serious consequences and, hence, require a thorough discussion with all the stakeholders, including Major Port Workers Federations, before taking such drastic decisions, Rao said while urging the Ministry to withdraw the directive issued to the Major Port Trusts “in the interests of the industry, workers and port pensioners at large”. Interestingly, a press statement issued by the Shipping Ministry on treasury investment of major ports on July 31 had omitted pension funds from the list, potentially to mislead the workers unions and check their wrath against the decision, says Rao.

However, the order issued by the Shipping Ministry in this regard on 27 July includes pension funds also. Accordingly, for treasury investments of pension, provident and gratuity funds, the major ports will now follow the guidelines framed by the ministry of labour and employment for such investments.

Between 45 and 50 per cent of such funds will have to be invested in government securities, another 35-45 per cent in debt and related instruments, 5-15 per cent in equities and related instruments (shares listed on BSE/NSE with a minimum market cap of 5,000 crore, mutual funds regulated by SEBI with minimum 65 per cent corpus in publicly traded stocks on BSE/NSE and various exchange traded funds regulated by SEBI).

Besides, 5 per cent of such funds can be invested in mortgage-backed securities, Infrastructure Investment Trusts and securities issued by Real Estate Investment Trusts regulated by SEBI.

For surplus funds, the major ports will be guided by the norms issued by the Department of Public Enterprises for such investments by central public sector undertakings. These includes treasury bills, Government of India securities, term deposits in nationalised banks, instruments issued by nationalised banks and mutual funds. 

3. Liberia introduces QR Codes and other Electronic Certificate Security Features.

8 August 2018 : Liberia continues to deploy significant improvements to its state-of-the-art web-based client interface system, WayPoint, by enhancing certificate security features, introducing a QR Code symbol for electronic certificates and streamlining the procedure for document verification. WayPoint was launched in late-2016 to provide the owners and operators of Liberian flag ships with secure, real-time, user-friendly access to their fleet details, as well as to facilitate International Convention certification applications. It was upgraded last year to include a number of major improvements designed to help owners and operators to manage their fleet-wide regulatory compliance issues more efficiently.

Beginning 7 August, Liberia will start including QR Codes to enhance the document verification process. This means that Port State Control and other interested parties can quickly scan the QR matrix barcode via their mobile phones, where after they will be directed to the verification page. The QR code and the Registry’s tracking identification (TID) number will also be clickable if viewed on a computer and be directed to the verification page, where a verification copy of the document can be viewed and downloaded. In addition to these public facing features, a variety of embedded security features are also being deployed to enhance the electronic integrity of Liberia’s electronic certificates.

With this latest update, Liberia has further strengthened its reputation as the world’s most technologically advanced and sophisticated ship register, taking the pain and expense of document verification away from owners and operators and freeing up their time to concentrate on making their vessels safer and more profitable.”

  • WayPoint is accessible to clients through Clients of the registry may apply for user access via the WayPoint homepage.

  • The Liberian Registry is the world’s most technologically advanced maritime administration. It has a long-established track record of combining the highest standards of safety for vessels and crews with the highest levels of responsive and innovative service to owners. Moreover, it has a well-deserved reputation for supporting international legislation designed to maintain and improve the safety and effectiveness of the shipping industry and protection of the marine environment.

4. British Ports Association to look at opportunities and challenges for coastal shipping.

7 August 2018 : The British Ports Association (BPA) will be holding a short targeted seminar on Thursday 29 November to discuss coastal shipping in the UK with ports and operators. In comparison with other transport modes, shipping is an efficient and environmentally sustainable option. Utilising the UK’s hundreds of ports in supporting more coastal shipping has the potential to improve connectivity between regions.

“We are aware of the importance of existing coastal shipping routes and possible new markets which would help to sustain trade between regions around the UK. As mentioned in the Department for Transport’s Port Connectivity Study, coastal shipping is a potentially underused domestic freight mode. Waterborne freight transport can also provide environmental benefits and can reduce road congestion as well, which could play a major role in helping the UK reduce its greenhouse gas emissions.

The seminar will provide a platform for individual ports to highlight what they have been doing, and for shipping companies and freight operators to discuss their business needs and aims. We will also be looking at policy and grants framework and whether the current systems are sufficient.






Categories: News Digest

Subscribe to Blog via Email


%d bloggers like this: