1. MSC Continues To Invest In Decarbonising Shipping
MSC Mediterranean Shipping Company, a global leader in shipping and logistics, is heavily investing in its fleet and low-carbon technology to support the industry’s transition towards zero carbon future. https://www.hellenicshippingnews.com/msc-continues-to-invest-in-decarbonising-shipping/
2. Reduced iron ore shipments from Australia and Brazil prop up Chinese market
A total of 93 vessels carrying 15.79 million mt of iron ore arrived at eight major Chinese ports during June 28-July 4, SMM estimates. This was down 400,000 mt from the prior week but up 1.95 million mt from the previous year. https://www.hellenicshippingnews.com/reduced-iron-ore-shipments-from-australia-and-brazil-prop-up-chinese-market/
3. Global shipbuilding orders at historic low in H1
Global new orders of ships fell to a historic low in the first half of the year amid the coronavirus pandemic, industry sources said Tuesday.
In the January-June period, global new shipbuilding orders totaled 5.75 million compensated gross tons (CGTs), or a total of 269 ships, according to data provided by global market researcher Clarkson Research Service. https://www.hellenicshippingnews.com/global-shipbuilding-orders-at-historic-low-in-h1/
4. Shipping sector prioritises five solutions for decarbonisation
Shell together with Deloitte Netherlands and Deloitte UK today published joint research outlining industry perspectives on decarbonising the shipping sector. The “Decarbonising Shipping: All Hands on Deck” report sets out the views of senior shipping executives from across the sector and presents a roadmap of solutions to help the industry meet the International Maritime Organization’s (IMO) ambition to reduce carbon emissions. https://www.hellenicshippingnews.com/shipping-sector-prioritises-five-solutions-for-decarbonisation/
5. EU takes aim at ‘insufficient’ measures taken by the IMO and maps its own green shipping agenda
The European Union has splintered global shipping regulation, taking more firm, decisive action on the environment on Tuesday than the International Maritime Organization (IMO) has managed in years. IMO’s legitimacy as shipping’s global regulator has never been more threatened. https://splash247.com/eu-takes-aim-at-insufficient-measures-taken-by-the-imo-and-maps-its-own-green-shipping-agenda/
6.South Africa extends seafarers’ certificate validity. The arrangement is similarly applicable to vessel certificates, which are due to expire during the lockdown, provided an application is made well in advance. “Vessels that are subjected to international conventions and whose statutory certifications are due for renewal, and there is difficulty with the attendance by a surveyor, may apply for extension of certificates by up to three months.https://safetyatsea.net/news/2020/south-africa-extends-seafarer-certificate-validity/
7. Ludwig Mowinckels orders up to four suezmaxes at New Times
Norwegian owner Ludwig Mowinckels has placed an order at China’s New Times Shipbuilding for the construction of up to four 158,000 dwt suezmax tankers. According to multiple shipbroking houses, including Intermodal and Seasure Shipbroking, the newbuild contract includes firm orders for two vessels and options for another two.
8. Cosco and Alibaba join forces in bid to transform shipping
Chinese state-run shipping giant Cosco Shipping has entered into an agreement with e-commence conglomerate Alibaba and its fintech affiliate Ant Group to collaborate on blockchain applications in shipping. Under the agreement, the parties will work together to promote blockchain developments in various shipping and logistics sectors to connect data and systems in shipping, ports, logistics and finance with an aim to create a platform that facilitates integration along the supply chain. https://splash247.com/cosco-and-alibaba-join-forces-in-bid-to-transform-shipping/
9. Baltic Index Snaps 4-Week Winning Streak As Lower Capesize Rates Weigh
The Baltic Exchange’s main sea freight index inched down on Tuesday, snapping a 27-session winning streak, as capesize vessel rates fell for the second straight session and offset gains in panamax and supramax segments. https://www.shippingtribune.com/news/shipping/Baltic+index+snaps+4-week+winning+streak+as+lower+capesize+rates+weigh
10. Mundra Overtakes Mumbai’s JNPT As India’s Top Container Port
MUNDRA Port, India’s biggest commercial port by volume and the flagship port of the Adani Group, edged past state-run Jawaharlal Nehru Port Trust (JNPT) to emerge the largest container port in the country in the April-June quarter.