1. Number one energy port – Port of Corpus Christi – in the Americas joins SEA-LNG
SEA-LNG is delighted to welcome the Port of Corpus Christi, the largest port in the United States by total revenue tonnage to its growing port membership. The Port of Corpus Christi is the fourth North American port to join the coalition but is the first port located on the strategic, energy-rich Gulf of Mexico. https://cyprusshippingnews.com/2020/12/18/number-one-energy-port-in-the-americas-joins-sea-lng/
2. The increase in exports and imports raises Valenciaport’s traffic by 20.5% in November
The trend of recent months is repeated. Traffic is growing, the number of ships is decreasing and those that arrive are more eco-efficient: they are larger, make more movements per port of call and confirm that there is a concentration of operational activity in strategic ports, such as Valenciaport.
3. Cyber Risk Management comes of age
On 1 January 2021, pursuant to Resolution MSC. 428(98), IMO Administrations are to ensure that cyber risks are appropriately addressed in safety management systems no later than the first annual verification of a ship’s Document of Compliance after that date. The resolution was originally adopted in June 2017 and, while many stakeholders could be forgiven for the distraction caused by this turbulent year, another deadline approaches in shipping compliance.
4. Brazil eases cabotage policy
The government of Brazil has approved a proposal to gradually open up its domestic coastal market to foreign ships as part of a program to promote coastal shipping. The new policy has allowed domestic company to bareboat charter foreign ships without the obligation that the ships have to be built by Brazilian shipyards. There will be a three-year transition period before a limit of the number of chartered foreign ships is lifted. https://splash247.com/brazil-eases-cabotage-policy/
5. VLCC and LNG carrier orders flood in to Hyundai Heavy
Hyundai Heavy Industries is having a fine end to a tough year, hauling in a host of new orders. Hyundai Samho, a sister yard, has won two separate VLCC contracts . Athenian Carriers ordered two firm plus two option 300,000 dwt VLCCs, with delivery due before Q4 2022. The ships are costing $90m each. https://splash247.com/vlcc-and-lng-carrier-orders-flood-in-to-hyundai-heavy/
6. A.P. Møller Holding invests in Danish green hydrogen producer
A.P. Møller Holding is investing EUR20m via a convertible loan into Denmark’s Green Hydrogen Systems, one of the country’s leading wind-to-hydrogen companies. The investment will go to meet accelerating demand for electrolyzer capacity. https://splash247.com/a-p-moller-holding-invests-in-danish-green-hydrogen-producer/
7. Britain, EU Tell Each Other to Give Way in Trade Talks
Britain insisted on Sunday that the European Union should budge to open the way to a new, post-Brexit trade pact, drawing a swift response from the bloc’s negotiator defending the union’s right to protect its interests. https://gcaptain.com/britain-eu-tell-each-other-to-give-way-in-trade-talks/
8. CMA CGM Levies US$200 Per TEU Emergency Space Surcharge From India
FRENCH shipping giant CMA CGM has started levying an Emergency Space Surcharge (ESS) of US$200 per TEU from South East India ports as the cascading impact of global equipment shortages, port congestion and shipping delays including in India, creates space constraints on ships and force freight rates to soar to record levels. https://www.shippingtribune.com/news/shipping/CMA+CGM+levies+US%24200+per+TEU+emergency+space+surcharge+from+India
9. Bunkers May Face Bearish 2021 On VLSFO Supply Boost, Mixed Shipping Prospects
Very low sulfur fuel, which was a key source of support for refiners in 2020, is likely to see increased supply in 2021, as other transport fuels return to pride of place in the refining slate. This may prove a boon to the shipping sector which faces choppy waters in 2021.
10. We Have A Shared Responsibility For Bringing Our Seafarers Home
The holiday season is approaching fast for much of the world’s population and will be an opportunity for many to spend time with family and friends. But for thousands of seafarers, the ongoing crew change crisis deprpe of being home in time for the holidays. https://www.shippingtribune.com/news/shipping/We+have+a+shared+responsibility+for+bringing+our+seafarers+home