1. Piracy, armed robbery in Asian waters up significantly in 2020
According to the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP), there were 72 incidents in 2019. Two of the attacks were category-1 (incidents with a large number of armed perpetrators, with violence to crew); 6 were category-2 (armed attacks where crew are threatened or items are stolen); 14 were category-3 (fewer perpetrators armed with less dangerous weapons and crew faced with verbal threats); and 50 were category-4 (perpetrators are unarmed and crew are not harmed). https://safetyatsea.net/news/2020/piracy-and-armed-robbery-in-asian-waters-up-significantly-in-2020/
2. Diminished role for armed guards despite piracy risks
Complexities around policing territorial waters have made the use of private maritime security companies (PMSCs) difficult in piracy hot spots, including West Africa. However, security experts agreed that they are still needed in Somalia, although their deployment should be reduced in numbers and voyage risk assessments prioritised.
3. Top charterers agree to publish shipping emissions data
International non-profit organisation, Global Maritime Forum, announced today that a group of the world’s largest energy, agriculture, mining, and commodity trading companies will for the first time assess and disclose the climate alignment of their shipping activities. https://splash247.com/top-charterers-agree-to-publish-shipping-emissions/
4. Shipping hits out at unilateral move by charterers
The brand new Sea Cargo Charter sets a “new benchmark for responsible shipping, transparent climate reporting, and improved decision making in line with United Nations decarbonization targets”, according to a release from the Global Maritime Forum. https://splash247.com/shipping-hits-out-at-unilateral-move-by-charterers/
5. Ten days on and CMA CGM is still struggling to get all its systems back online
The ecommerce websites for CMA CGM, APL, ANL and CNC remain unavailable. In their place, the French liner has installed an online booking link for existing eCommerce accounts, which will be directly processed in the group’s system and confirmed by email by a local agency.
6. Gulf of Mexico Energy Industry Preps for Massive Hurricane
Oil and gas workers withdrew en masse from U.S. offshore production facilities and onshore refineries began preparations on Wednesday as Hurricane Delta was forecast to grow into a powerful storm over the Caribbean on its way to the Gulf of Mexico.
7. Sovcomflot Shares Drop Below IPO Price Tag in Moscow Debut
Sovcomflot’s shares fell below their offer price in their market debut in Moscow on Wednesday after the initial public offering (IPO) of Russia’s biggest shipping company was priced at the lower end of its range. https://gcaptain.com/sovcomflot-shares-drop-below-ipo-price-tag-in-moscow-debut/
8. Baltic Index Gains For 5th Session On Higher Capesize, Panamax Rates
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fifth straight session on Tuesday to its highest in more than a year on higher rates across larger vessel segments.
9. Trade Shows Signs Of Rebound From COVID-19, Recovery Still Uncertain
The WTO now forecasts a 9.2% decline in the volume of world merchandise trade for 2020, followed by a 7.2% rise in 2021 (Chart 1). These estimates are subject to an unusually high degree of uncertainty since they depend on the evolution of the pandemic and government responses to it.
10. Korean Shipbuilders Rank First In Order Intake For Third Straight Month
Global shipbuilding orders reached 480,000 CGTs in September with Korea and China accounting for 230,000 CGTs and 240,000 CGTs, respectively, said Clarkson Research, a British shipbuilding and shipping market analysis agency on Oct. 6. However, the figures did not include many of the orders won by shipbuilders of the two countries at the end of September.