1. Lloyd’s Register launches dedicated Maritime Decarbonisation Hub
Lloyd’s Register [LR] has launched a dedicated centre of excellence to accelerate the safe, sustainable and cost-effective decarbonisation of world shipping in support of delivering greenhouse gas reduction targets.
https://cyprusshippingnews.com/2020/10/30/lloyds-register-launches-dedicated-maritime-decarbonisation-hub/
2. MSC takes part in China’s largest import-themed expo
MSC Mediterranean Shipping Company is planning to exhibit at the China International Import Expo (CIIE) which will be held from 5 to 10 November 2020. This will be the first trade fair that MSC is exhibiting at physically in China in 2020. According to the event organiser, CIIE Bureau, over 3,800 participating enterprises from over 180 countries are expected to take part at this year’s fair. https://cyprusshippingnews.com/2020/10/30/msc-takes-part-in-chinas-largest-import-themed-expo/
3. MOL’s ” We love Mauritius” relief activities on the Wakashio Grounding / Oil Spill Incident
On Friday, October 16, and Monday, 26th, MOL’s original T-shirts and facemasks, were distributed at the oil spill cleanup site. The T-shirt distribution was based on a proposal from local people after members of the MOL-dispatched team met and exchanged opinions with many residents and groups. https://cyprusshippingnews.com/2020/10/30/mols-we-love-mauritius-relief-activities-on-the-wakashio-grounding-oil-spill-incident/
4. Romania’s border authorities using EMSA RPAS for coast guard surveillance
The service makes use of a lightweight Indago RPAS, based on board the Stefan Cel Mare ship and operated by an RPAS pilot from EMSA contractor Nordic Unmanned. The data collected from the flights is transmitted in real time to users via EMSA’s RPAS Data Centre thanks to a powerful satellite communication internet service provided also by EMSA through its contractor SES. https://cyprusshippingnews.com/2020/10/30/romanias-border-authorities-using-emsa-rpas-for-coast-guard-surveillance/
5. Scorpio: Wind blows bulkers away
Once again Scorpio is the talk of the markets this month. The decision to exit dry bulk in favour of wind installation has elicited enormous comment and conjecture and set the pulses of S&P brokers racing. https://splash247.com/scorpio-wind-blows-bulkers-away/
6. Global pipeline of offshore wind projects soars by nearly 50% this year
New research published this week by RenewableUK shows that the total pipeline of global offshore wind projects has grown by 47% since January – despite the pandemic – making the sector the fastest growing one across all energy segments. https://splash247.com/global-pipeline-of-offshore-wind-projects-soars-by-nearly-50-this-year/
7. Are regional regulations really such a terrible idea?
The things that work well and are easy to use tend to become those that endure. Things that are difficult to understand and get to grips with tend to fail and sooner or later will fall out of use. So it is curious that a majority of shipping industry leaders continue to believe that global regulation should be the only option, especially when it’s clear that maritime has as at least as many regional and cultural differences as any other industry. https://splash247.com/are-regional-regulations-really-such-a-terrible-idea/
8. Great Eastern Shipping Q2 Net Profit At Rs 225.44 Cr
The Great Eastern Shipping Co Ltd, India’s biggest private ocean carrier, reported a consolidated net profit of Rs 225.44 crore for the July to September quarter, from a loss of Rs 18.93 crore a year earlier. The Mumbai-based firm, which runs a fleet of 69 ships, said its revenue from operations declined to Rs 774.99 crore during the second quarter of FY21 from Rs 817.54 crore a year ago. https://www.shippingtribune.com/news/shipping/Great+Eastern+Shipping+Q2+net+profit+at+Rs+225.44+cr+
9. Baltic Index Posts Fourth Straight Weekly Decline On Lower Vessel Rates
The Baltic Exchange’s main sea freight index fell on Friday, posting a fourth straight weekly decline pressured by lower rates across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, fell 14 points, or 1.1%, to 1,283. https://www.shippingtribune.com/news/shipping/Baltic+index+posts+fourth+straight+weekly+decline+on+lower+vessel+rates
10. Hapag-Lloyd Postpones November Trans-Pacific Container Rate Hike
German container shipowner Hapag-Lloyd will postpone its Nov. 1 rate hike for East Asia to North America route until Dec. 1, the company said in a notice to clients on Oct. 29. Hapag-Lloyd’s General Rate Increase (GRI) of $1,200/FEU was previously delayed from Oct. 1 to Nov. 1 as scrutiny from regulators in the US and China intensified. Other major shipowners similarly delayed or withdrew their proposed GRIs last month. https://www.shippingtribune.com/news/shipping/Hapag-Lloyd+postpones+November+trans-Pacific+container+rate+hike
