1. Mark O’Neil new president of InterManager
InterManager announce today that Mark O’Neil has been elected President of InterManager at this morning’s AGM meeting. He has highlighted industry cooperation and interaction as high up in his list of priorities as the new InterManager President. Mark is taking the place of Bjørn Jebsen, who is stepping down as President after 4 years. https://cyprusshippingnews.com/2020/11/26/mark-oneil-new-president-of-intermanager/
2. EBRD brings successful Cyprus mission to a close
After six years of investments totalling approximately €600 million, the successful engagement of the European Bank for Reconstruction and Development (EBRD) in Cyprus is coming to an end. As the Bank’s mandate for Cyprus expires at the end of 2020 it will stop investing in any new projects on the island, but continue to manage an existing portfolio.
https://cyprusshippingnews.com/2020/11/27/ebrd-brings-successful-cyprus-mission-to-a-close/
3. Busan Port Authority Promises to Open Up “An Era of Container Cargo Volume of 32 Million TEU” by Preparing for the Post COVID-19 and the 4th IR World with the New Visions and Management Goals
Busan Port Authority Promises to Open Up “An Era of Container Cargo Volume of 32 Million TEU” by Preparing for the Post COVID-19 and the 4thIR World with the New Visions and Management Goals
BPA published the Mid to Long-Term Comprehensive Development Plan on Nov. 9, which consists of its new visions to actively prepare for the global changes caused by the unprecedented COVID-19 pandemic, the 4thIndustrial
https://cyprusshippingnews.com/2020/11/27/busan-port-authority-promises-to-open-up-an-era-of-container-cargo-volume-of-32-million-teu-by-preparing-for-the-post-covid-19-and-the-4th-ir-world-with-the-new-visions-and-managemen/
4. Lloyd’s Register, Anemoi and SDARI join forces on rotor sail designs
Lloyd’s Register (LR) has signed a joint development project (JDP) with Anemoi Marine Technologies (Anemoi) and Shanghai Merchant Ship Design and Research Institute (SDARI) to develop a series of energy efficient vessel designs equipped with rotor sails. https://cyprusshippingnews.com/2020/11/27/lloyds-register-anemoi-and-sdari-join-forces-on-rotor-sail-designs/
5. Map details rising incidents of crew abandonment
Cases of crew abandonment are on the rise again, albeit the world has been given far greater transparency on where these despicable acts are taking place thanks to the enterprising work of a British sister and brother. Cases of desperate shipowners abandoning their vessels and crews last spiked in 2017, but the number of incidents is now heading back up. https://splash247.com/map-details-rising-incidents-of-crew-abandonment/
6. Rates shoot up 25% in just one week on Asia-Europe tradelane
Tight capacity and limited equipment availability amid a spike in consumer demand saw rates published on the Shanghai Containerized Freight Index (SCFI) leap $447 per teu to $2,091, up 27% in the space of a week. Asia – Mediterranean rates also shot up, climbing by $421 or 23% this week to $2,219 per teu. https://splash247.com/rates-shoot-up-25-in-just-one-week-on-asia-europe-tradelane/
7. India moves to regulate freight charges
“Every service provider or agent, in respect of any Indian ship or other ship operating in coastal waters, in relation to import, export or domestic transportation, shall specify the all-inclusive freight in the bill of lading or any other transport document, in such mode and manner as may be notified. https://splash247.com/india-moves-to-regulate-freight-charges/
8. Baltic Index Posts Best Week In Eight On Strong Vessel Rates
The Baltic Exchange’s main sea freight index advanced on Friday, booking its biggest weekly gain since early October, on the back of higher rates across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose by 11 points, or 0.9 %, to a more than three-week high of 1,230. The index firmed 7.1% this week. https://www.shippingtribune.com/news/shipping/Baltic+index+posts+best+week+in+eight+on+strong+vessel+rates
9. 5th BIMCO Report On The IMSBC Code Amendments Entering Into Force – New Table Of Characteristics
BIMCO started reporting from 30 September 2020, a series of articles, informing members of what to expect in the revised International Maritime Solid Bulk Cargoes (IMSBC) Code (Amendment 05-19), which will come into force on 1 January 2021. This is the 5th article in the series. Today, BIMCO reports on a new table of physical properties and hazard classification for cargo entries in the IMSBC Code. https://www.shippingtribune.com/news/shipping/5th+BIMCO+Report+on+the+IMSBC+Code+Amendments+entering+into+force+–+New+Table+of+Characteristics
10. World’s Biggest Wind Farm to Be Built Offshore U.K.
The British utility SSE Plc and Norwegian energy major Equinor ASA reached financial close on the project off the east coast of England. It will have skyscraper-sized turbines and produce enough electricity to supply 5% of the U.K.’s demand, or the equivalent of six million homes. The decision comes just days after the European Union announced a $940 billion push into wind at sea to meet stricter pollution targets as well as Prime Minister Boris Johnson’s green plan to support renewable energy sources. https://gcaptain.com/worlds-biggest-wind-farm-to-be-built-offshore-u-k/
