Fednav Limited: Solving the Canadian Arctic transportation challenge. Also in this issue: Bulk Carrier safety, Steel coils and Federal Seto.
Also insideDate: 12 February 2008
Fednav Limited, Montreal: Solving the Canadian Arctic Transportation Challenge
New ice, old ice, ice from glaciers, ice formations, shifts and drifts of ice, multi layers of ice – operating ice-class vessels in waters that must be the world’s toughest for bulk carrier trade – that is what Fednav Limited of Montreal, Canada does. Fednav’s accumulated knowledge of operating in ice is extremely impressive, and the company has vessels trading “on top of” Canada. We were received by Senior Vice President Fred G. Hansen and Thomas H. Paterson, Vice President of Projects & Business Development, at the Montreal headquarters of the Fednav Group.
Bulk Carrier Safety – the latest IMO developments
1990 and 1991 were indeed two annus horribilis for the bulk carrier industry. A total of 27 bulk carriers were lost, claiming the lives of 276 seafarers, all in accidents presumed to emanate from the vessels’ structural failures. A common feature of most of the losses in both years was that the cargo had a high density. In most cases, it was iron ore. The international shipping community agreed that action was necessary and, in 1993, Bulk Carrier Safety was put on the agenda of the IMO’s Maritime Safety Committee (MSC) by the former Secretary General Bill O’Neil.
Steel Coils: Article 2
In the last issue of Bulk Carrier Update we looked into the general theory of steel coil loading and the first two questions put forward by Capt. Isbester in Seaways magazine. In this issue, we will continue with the questions and give some additional information about the DNV services relating to coil loading.
Dry bulk rates over the peak, but still very strong
After a rather long period of extremely good rates, March saw a softening in most trades, mainly for the largest vessels.