1. IMO and Republic of Korea partner to address ships’ GHG emissions
The Republic of Korea and the International Maritime Organization (IMO) have signed an agreement to establish a training programme to support developing States to reduce greenhouse gas (GHG) emissions from shipping. This will facilitate the implementation of candidate measures to be adopted by IMO and the development of national action plans to reduce GHG emissions from the shipping and ports sectors. https://cyprusshippingnews.com/2020/10/29/imo-and-republic-of-korea-partner-to-address-ships-ghg-emissions/
2. IMEC and ITF opens big quarantine and testing facility in Manila
The International Maritime Employer’s Council (IMEC) and the International Transport Worker’s Federation (ITF) have set up quarantine and testing facilities in Manila to facilitate crew changes and address concerns about quarantine quality and fake COVID-19 tests. https://cyprusshippingnews.com/2020/10/29/imec-and-itf-opens-big-quarantine-and-testing-facility-in-manila/
3. SCF time charters three icebreaking LNG carriers to the Arctic LNG 2 project
On 28 October 2020, SCF Group (SCF) and Arctic LNG 2, the operator of the Arctic LNG 2 project, concluded 30-year time charter agreements for three new icebreaking LNG carriers (cargo capacity of 172,410 cbm, ice class Arc7). These vessels were ordered by SCF at Daewoo Shipbuilding & Marine Engineering (DSME, Republic of Korea) earlier in October 2020, following the tender held by the project’s operator. https://cyprusshippingnews.com/2020/10/29/scf-time-charters-three-icebreaking-lng-carriers-to-the-arctic-lng-2-project/
4. Why nuclear power would be catastrophic for the shipping industry
Nuclear power being used to propel ships could be catastrophic, according to one of the most famous names in shipping, but the damage would be to the fundamental shipping markets rather than the usual environmental concerns about using atomic energy.
https://splash247.com/why-nuclear-power-would-be-catastrophic-for-the-shipping-industry/
5. Cargill backs wind propulsion technology
Commodity trader Cargill and BAR Technologies have embarked on a strategic project with naval architect Deltamarine to promote wind prosultion technology to commercial shipping. The project will see BAR Technologies’ large wing sails WindWings fitted to the deck of bulk carriers, which could reduce CO2 emission by as much as 30%. https://splash247.com/cargill-backs-wind-propulsion-technology/
6. Maersk Launceston master charged over collision with Greek minesweeper off Piraeus
Germany’s Essberger, the owners of 4,533 teu Maersk Launceston, has revealed that the master of the boxship has been charged in relation to Tuesday’s collision with a Greek navy minesweeper off Piraeus.
The vessel is currently staying in the port of Pireaus as requested by authorities, and Esseberger said that additional interviews have been conducted with the 22 crew, while authorities have officially charged the master of the vessel. https://splash247.com/maersk-launceston-master-charged-over-collision-with-greek-minesweeper-off-piraeus/
7. The Messy, Booming Business of Recycling Cruise Ships
Carnival Fantasy was a ship famous for its outlandish décor, all-night revelry and its size—back when 2,000 was an incredible number of passengers. The “Fun Ship” vibe it introduced in 1990 came with such whimsical spaces as an Egyptian-themed piano bar, decorated with a fake sarcophagus, and a glitzy glass-topped atrium that was the hub of the social scene. https://gcaptain.com/cruise-ship-shipbreaking-booming/
8. Exxon Mobil’s Fading Star: United States’ Once Biggest Energy Company Surpassed by Rivals
Exxon Mobil Corp was once the largest U.S. publicly traded company in the United States. Now, the oil major is not even the largest energy name, having been surpassed by rivals and even a renewable company, as it tries to maintain its hefty dividend.
https://gcaptain.com/exxon-mobil-surpassed-by-rivals/
9. Inland Waterways Authority To Launch New Ro-Ro Services In Kochi From Nov 1
The Inland Waterways Authority of India (IWAI) is all set to launch two new roll-on/ roll-off (Ro-Ro) services between Willingdon Island and Bolgatty on November 1. Kerala State Inland Navigation Corporation (KSINC) will manage the service for the movement of container-laden vehicles.
https://www.shippingtribune.com/news/shipping/Inland+Waterways+Authority+to+launch+new+Ro-Ro+services+in+Kochi+from+Nov+1+
10. Hapag-Lloyd Raises Container Rates On East Asia-South America East Coast Route
German carrier Hapag-Lloyd said Oct. 28 that it increased container rates on the East Asia to South America East Coast route by $300 per unit, effective Nov. 8. Currently, the average rate on the route is $4,200 per twenty-foot-equivalent unit and $4,600 per forty-foot-equivalent unit.
https://www.shippingtribune.com/news/shipping/Hapag-Lloyd+raises+container+rates+on+East+Asia-South+America+East+Coast+route
