1. CSM wins CREWCONNECT Global’s Welfare and Corporate Social Responsibility Award
Industry leading initiatives designed by Columbia Shipmanagement to look after the mental and physical wellbeing of its seafarers, have been recognised as best in class by CrewConnect Global which presented the company with its Welfare and Corporate Social Responsibility Award today.
2. 22 months on, locals still wait for $40m payout from the Solomon Trader disaster
Economic losses from the bunker spill from last year’s most high profile dry bulk casualty, the Solomon Trader, could be as high as $40m, according to a confidential report compiled for the Solomon Islands government, seen by the the Australian Broadcasting Corporation (ABC), with locals still not receiving any compensation nearly 22 months on since the ship ran aground.
3. More than a quarter of all tonnage under construction will use alternative fuels
Clarkson Research Services has provided its subscribers with a snapshot of the amount of ships – both trading today and under construction – which do not use bunker fuel. Remarkably, in tonnage terms more than a quarter of all ships being built today do not use bunker fuel oil for propulsion, according to the new research. https://splash247.com/more-than-a-quarter-of-all-tonnage-under-construction-will-use-alternative-fuels/
4. Steen Lund appointed CEO of RightShip to replace Martin Crawford-Brunt
Australian vetting and safety firm RightShip has appointed Singapore-based executive Steen Lund as its new CEO, replacing Martin Crawford-Brunt who is departing the company on December 18. Lund joins RightShip immediately to ensure a smooth transition over the next few weeks, and brings with him over 30 years experience having held senior positions at Maersk Line, DNV GL, Radio Holland and more recently Executive Ship Management. https://splash247.com/steen-lund-appointed-ceo-of-rightship-to-replace-martin-crawford-brunt/
5. Persian Gulf-Japan VLGC freight rate surges to 9-month high on robust demand
Very Large Gas Carrier freight rates on the Persian Gulf to Japan voyage surged to the highest level in more than nine months Nov. 26 at $73/mt, underpinned by strong shipping and LPG demand from China, Japan and South Korea during the winter seasonal peak, S&P Global Platts data showed. https://www.hellenicshippingnews.com/persian-gulf-japan-vlgc-freight-rate-surges-to-9-month-high-on-robust-demand/
6. Ag export equation: Bulk surge, box squeeze, ‘reefer madness’
Good news for America’s beleaguered agriculture exporters: China is buying again. A lot. Bulk-vessel loadings are finally returning to pre-trade-war levels just as President Donald Trump is leaving office. Bad news for exporters: Ag shipments via containers now face a double whammy. First, exporters still don’t have enough containers to get their goods to Asia in a timely fashion. https://www.hellenicshippingnews.com/ag-export-equation-bulk-surge-box-squeeze-reefer-madness/
7. Fair treatment of seafarers and the COVID-19 pandemic on Legal Committee’s agenda
The IMO Legal Committee has begun its 107th session, meeting in virtual session (27 and 30 November and 1 December). Important items on its agenda include matters relating to the work of the Legal Committee and the COVID-19 pandemic and related agenda items on fair treatment of seafarers and the abandonment of seafarers.
8. Persian Gulf-Japan VLGC Freight Rate Surges To 9-Month High On Robust Demand
Very Large Gas Carrier freight rates on the Persian Gulf to Japan voyage surged to the highest level in more than nine months Nov. 26 at $73/mt, underpinned by strong shipping and LPG demand from China, Japan and South Korea during the winter seasonal peak, S&P Global Platts data showed. In addition, tonnage supply has been moderated by heavy dry dock schedules, a Singapore-based market source said.
9. Container Shipping Chaos Spikes Prices, Delays Chemical Shipments
Chemicals container shipping costs have jumped drastically along some routes as the coronavirus pandemic remaps traditional trading patterns and issues at European ports add to delays in the region. https://www.shippingtribune.com/news/shipping/Container+shipping+chaos+spikes+prices%2C+delays+chemical+shipments
10. Cyprus Applauds 40% Maritime Emission Cuts By 2030
Cyprus has welcomed new regulations drafted by the IMO’s Marine Environment Protection Committee to drastically reduce greenhouse gas emissions by existing ships once these are implemented in about six months. The target is to cut the carbon intensity of international shipping by 40% until 2030, compared to 2008 levels.