Expomaritt Exposhipping İstanbul | 18-21 February 2025
Venue | Istanbul Expo Center
Visiting Hours | 10.00 - 18.00 (Tuesday-Friday)
EXPOMARITT NEWSLETTER
Expomaritt Exposhipping İstanbul
Istanbul Expo Center | 11-14 October 2023
Expomaritt Newsletter #2
August 2023
Dear Reader,
As the Türkiye's only shipbuilding and sub-industry meeting point; The 17th International Maritime Exhibition - Expomaritt Exposhipping İstanbul, we are happy to bring you with our Expomaritt Newsletter!
Stay tuned to learn more about developments and trends in the industry.
SOCAR Türkiye Will Produce Jet Fuel From Microalgae with a New Technology
SOCAR Türkiye is undertaking an important project for the biofuel market. The company announced that they will start the production of jet fuel from microalgae in sea water as a part of the project.
SOCAR Türkiye, one of Türkiye's leading integrated industrial conglomerates, will develop technology and produce jet fuel from aquatic plants. With the technology developed by SOCAR Türkiye R&D and Innovation teams, microalgae that can grow in sea water will be converted into biofuel. The company and Technip Energies (T.EN) are joining forces to accelerate the growth of algae in the biofuels market. As a result of the analyzes carried out by SOCAR Türkiye R&D and Innovation and its project partner Technip Energies, it is aimed to produce approximately 40 thousand tons of jet fuel (SAF) annually. As a part of the deal, the two companies are also pooling their know-how. With this synergy created, the company provides research and development resources for PCMR (Plate Catalytic Membrane Reactor) technology. T. EN contributes with its process and engineering expertise. The joint cooperation agreement aims to enable the development and optimization of PCMR technology for the direct conversion of micro algae into hydrocarbons that can be sent to final processing for fuel production.
According to the statement, biofuels, which are one of the important candidates that can be used instead of fossil fuels in the path of sustainable energy, increase efficiency by reducing high operational costs and contribute to sustainability. Accordingly, the company is developing a leading-edge technology with low operating costs by directly and continuously converting the biomass of micro algae in seawater into biofuels and biochemicals at low temperatures and pressures without harvesting and dewatering.
Source: 7Deniz
Norse Shipyard Has Launched Ecofive
Norse Group Companies, which continued its shipbuilding activities by incorporating its shipyard in Kocaeli Free Zone in 2021, launched the 74m Factory Fishing Ship Ecofive, built for its Norwegian customer, with a ceremony held at its shipyard in Kocaeli.
Ecofive, which received the "Innovation Award" at the fair held in Norway in 2022 and the "Ship of the Year" award in 2023, became the 18th ship that Norse Shipyard has ever built. This ship, which has revolutionary features in the field of fishing, has the distinction of being the first in its field with its green energy and environmental system, as well as high quality product output.
Kocaeli Governor Seddar Yavuz, Chief Executive Officer Necip Çakmak, Shipbuilders' Association Vice President Orhan Torlak, Chairman of the Chamber of Ship Engineers Ahmet Uzun, Kocaeli Free Zone Manager Osman Akgül, Kocaeli Port President Erol Ekmekçi, Kocaeli Provincial Director of Industry, QNB Finansbank Regional Manager Dilek Babiloğlu and many guests attended.
Source: NetaSea
Leaf Intelligence Difference in Singapore Ship Traffic Management System
In the statement made by the Singapore Port Authority, it announced that the new generation ship traffic management system, which includes many technologies related to artificial intelligence, will allow more accurate information to be accessed for the navigational safety of ships.
It was stated that the Singapore Port Authority will develop a system prototype to test new generation ship traffic management applications with various artificial intelligence features, real-time tests will be carried out to gain insight into the capabilities provided by applications such as intelligent collision detection and traffic management developed and the scope of the system, and the said development is the second stage of the attempt to adopt the new generation.
Source: ViraHaber
Container Shipping Market Outlook For H2 of 2023
In the first-of a four-part H2 2023 shipping market outlook series on the Seatrade Maritime, Maritime Strategies International (MSI) analyst Daniel Richards focused on the container sector.
Have spot container freight rates stabilised?
Speaking to the Seatrade Maritime Podcast, Richards believes that at least for now spot container freight rates have stablised. While there hasn’t been much downward movement he says, “We're still seeing some further erosion of freight rate levels on some long-haul trades”, driven by events such as the threat of a dockworker strike on the US Coast in June.While Richards believes container spot rates have largely stabilised at present there are no signs of a strong rebound ahead either.
Do contract container rates have further to fall?
Richards says that while new contracts negotiated this year are at much lower rates than those in 2022 they are still above the levels seen in 2019 pre-pandemic.“If you look at the global container pricing index put out by Container Trade Statistics in May that was around 20%, above where we were in 2019. So that gap, it feels like it's going to close a bit more.” Average rates reported by container lines in their financial results are expected to fall further in Q3 and Q4 this year before starting to stabilise going into 2024.
Newbuilding deliveries and the impact on demand and supply
The expected wave of new vessel capacity has started to arrive in earnest this year. The first quarter of the year saw 360,000 teu of new capacity delivered, and some 600,000 teu of capacity in the second quarter.“By the end of July we're probably looking at the volume of new vessels hitting the water being equal to what we saw in the whole of last year. And this is not yet being really offset with much in the way of vessels scrapping with only around 65,000 teu of vessels scrapped so far this year. So, it's building up pressure on trade lanes,” says Richards.
Will containership newbuilding deliveries be delayed?
Richards notes that some yards are having issues with shortages of skilled labour which might provide the excuse for some delivery delays. “But so far, the really big Megamax 24,000 teu containerships are arriving at a pretty brisk rate at the moment.”
Source: Seatrade Maritime
Chinese Shipyard Newbuilding Orders Up 68% In The H1
Chinese shipbuilders have inked 37.67m dwt in newbuilding orders in the first half of 2023 an increase of 67.7% year-on-year.
Statistics released by the China Association of the National Shipbuilding Industry (CANSI) showed a 67.7% surge in new conracts in the first half of this year at Chinese shipyards compared to the same period in 2022. As a result orders on hand were 123.77m dwt as the end of June, an increase of 20.5%. Among which, export orders account for 92.8% of the total volume.
In terms of work completed in the first half of the year Chinese yards' shipbuilding volume was 21.13m dwt for the first half, growing 14.2% year-on-year.
In the first six months, China’s shipbuilding output, newly-received shipbuilding orders and orders on hand in deadweight tonnage accounted for 49.6%, 72.6% and 53.2% of the global market share; the amount in gross tonnage accounted for 47.3%, 67.2% and 46.8% of the world volume, both ranking as number one in the global market.
The growing dominance of Chinese shipbuilding over rival Korea was noted by Adam Kent, Managing Director of Maritime Strategies International (MSI), in the latest edition of the Seatrade Maritime Podcast when discussing the outlook for global shipbuilding in the second half of 2023.
Source: Seatrade Maritime
The First 20 Geotextile Tubes Are Ready: The Giant Project That Will Turn The Gulf Of İzmit Into An Aquarium
In the İzmit Bay Bottom Mud Cleaning, which is Türkiye's largest environmental project, the extracted sludge was started to be filled into geotestil tubes as of July. While water and sludge were separated from each other in these tubes, the first 20 of 100 tubes reached 60 percent dryness and started to be stored.
In the Bottom Mud Cleaning project, which will turn the İzmit Bay into a gigantic aquarium, the first mud extraction was carried out on 2 May. The feverish work continues on Türkiye largest environmental project, carried out by Kocaeli Metropolitan Municipality. 3 thousand cubic meters of muddy water per hour is drawn by vacuum vessels and transported to land by 8 kilometers long pipes. The muddy water filled into geotextile tubes is separated from each other. When the tubes, which come with 8 percent dry matter, reach 60 percent dryness in the measurements, the water is cut off and they are ready to be loaded. The accumulated sludge comes to light when the tube is cut. The sludge, which is loaded on trucks by means of buckets, is then shipped to the storage area for disposal. The water that comes out is released back into the sea.
While 100 geotextile tubes can be laid at the same time from 5 regions, each tube has a capacity of approximately 2 thousand tons of 1000 cubic meters. In the studies that started as of June, the first 20 out of 100 geotextile tubes reached 60 percent dryness. Universities continue to work on the use of sludge, which is started to be stored, for different purposes. It has been learned that the tubes have a total capacity of 40 thousand cubic meters (8 million tons).
Source: 7Deniz
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