1. The CMA CGM Foundation and UNICEF sign a partnership to ship essential supplies to children around the world
The CMA CGM Foundation has signed a partnership to transport every year 200 TEUs (1 TEU = 1 Twenty-foot Equivalent Unit containers) to the benefit of UNICEF by sea. These containers will be used to carry educational equipment, drugs and emergency nutritional products. https://cyprusshippingnews.com/2020/12/04/the-cma-cgm-foundation-and-unicef-sign-a-partnership-to-ship-essential-supplies-to-children-around-the-world-2/
2. Port of Antwerp tightens regulations regarding byloads inside second-hand vehicles
For many decades now, the port of Antwerp has been a leader in the shipment of second-hand vehicles. In order to ensure that this takes place as sustainable and safe as possible, more stringent rules governing byloads inside second-hand vehicles will be introduced as of 2021. https://cyprusshippingnews.com/2020/12/04/port-of-antwerp-tightens-regulations-regarding-byloads-inside-second-hand-vehicles/
3. California: Increased Criminal Penalties For Oil Spill-Related Offenses
Members are informed that the International Group (IG) clubs have considered the potential impact on cover for pollution risks of this new legislation. While having in mind the potential for substantial fines to be issued against a polluter, the IG clubs did not believe that it would be appropriate to seek to amend the existing limit of cover to respond to this significant, but nonetheless isolated, new piece of legislation. https://cyprusshippingnews.com/2020/12/04/california-increased-criminal-penalties-for-oil-spill-related-offenses/
4. Insurance claims from ONE Apus box spill set to top $50m
The total insurance bill from the ONE Apus box spill this week is set to top $50m. More than 1,900 containers – including around 40 boxes containing dangerous goods – tumbled into the Pacific Ocean on Monday as the Japanese boxship encountered a violent storm cell en route to America.
5. Asia – Europe spot rates up 200% year-on-year
Today’s latest figures show further price escalations on the Asia – Europe tradelane. Spot rates to North Europe were up 13.5% to $2,374 per teu and by 7.4% to $2,384 to the Mediterranean. Remarkably, year-on-year rates to North Europe are up 196.8% and by 209.2% to the Mediterranean.
6. Australian Company Launches Deep Sea Carbon Capture Project Off Australia
An Australian company has lined up the country’s national science agency and Japanese firms to work on a plan to capture carbon dioxide, and liquefy and transport it to a site offshore Australia to be injected under the seabed. https://gcaptain.com/australian-company-launches-deep-sea-carbon-capture-project-off-australia/
7. Cochin Port Trust Takes Advantage Of Ongoing Congestion At Colombo Port
Largest container ship Maersk Edinburgh anchors at Cochin Port Trust Taking advantage of the ongoing congestion at Colombo Port, the efforts of Cochin Port Trust in wooing mainline vessels seem to have started yielding results. https://www.shippingtribune.com/news/shipping/Cochin+Port+Trust+takes+advantage+of+ongoing+congestion+at+Colombo+Port
8. EXIM Trade Hit By Logjam At Kattupalli Port
The movement of containers into and out of Kattupalli port has been hit by delays, forcing trade to seek intervention from the Customs Department to ease the situation. The “abnormal delay’ in the movement of container-laden vehicles at Kattupalli port has been attributed to the long queue waiting to offload export boxes into, and delay in evacuation of import containers from, the port, according to trade bodies. https://www.shippingtribune.com/news/shipping/EXIM+trade+hit+by+logjam+at+Kattupalli+port
9. JNPT Posts 7.61 Per Cent Growth In Container Cargo In November Year-On-Year -Total Cargo Grew By 9.04 Per Cent
Jawaharlal Nehru Port Trust (JNPT), India’s top container port, handled 413,737 twenty foot equivalent units (TEUs) in November, clocking a growth of 7.61 per cent over the same month last year as the domestic economy rebounds with the easing of lockdown restrictions.
The overall traffic including containers handled at JNPT during November grew 9.04 per cent to 5.70 million tons from the 5.22 million tons in November-2019. The total traffic in November includes 0.59 million tons of bulk cargo compared to 0.55 million tons in the same month last year.
10. Retrofit Highlights Use Of LPG As A Marine Fuel
The world’s first LPG-fuelled vessel has set sail. Powered with Wärtsilä’s customised and reliable Fuel Supply System, the vessel represents a major breakthrough in the search for new ways to reduce marine emissions.
BW LPG, the world’s largest owner and operator of very large liquified petroleum gas (LPG) carriers, is approaching a major milestone in the retrofit of a number of its very large gas carrier (VLGC) to run on LPG instead of Heavy Fuel Oil (HFO). https://www.shippingtribune.com/news/shipping/Retrofit+highlights+use+of+LPG+as+a+marine+fuel