1. Schulte Group joins Treedom
The Schulte Group has teamed up with Treedom, an online platform, which aims to fight the damaging effects of global deforestation, to plant our very own forest.
The Schulte Group Forest is located in Guatemala and consists of coffee, lime, avocado, and chicozapote trees, among others. Currently, 1,200 trees are growing in nurseries and will be planted to form the Group’s forest. T
2. LR Approval in Principle for Exmar ammonia fuelled gas carrier.
LR has awarded an Approval in Principle to Exmar for its ammonia (NH3) fuelled 40,000 m3 Midsize Gas Carrier (MGC), a significant milestone for the progression of alternative fuels in shipping. Jiangnan Shipyard was responsible for the ship design while Wärtsilä Gas Solutions provided all input for the ammonia fuel gas supply system. https://www.lr.org/en/latest-news/lr-approval-in-principle-for-exmar-ammonia-fuelled-gas-carrier/
3. Shipping CEO Despina Panayiotou Theodosiou builds international business from Cyprus
Businesses in Cyprus support each other. It’s a real community,” comments Despina Panayiotou Theodosiou, CEO at Tototheo Maritime & President at WISTA International in an interview with the Cyprus Mail. Thanks to her long experience in shipping, , brings a great deal to the table in her work at WISTA, at the Commonwealth Business Forum, and at her own company. https://cyprusshippingnews.com/2021/03/11/shipping-ceo-despina-panayiotou-theodosiou-builds-international-business-from-cyprus/
4. Port of Gdansk becomes third-busiest Baltic Sea port for cargo shipments
The Port of Gdansk has overtaken Russia’s Port of Primorsk to become the third-busiest port for cargo shipments in the Baltic Sea.
Figures show the port handled a total of 4.6 million tons of cargo in January 2021, up 8.8 per cent year-on-year, moving the Port of Gdansk Authority into third place on the Baltic Sea podium. https://cyprusshippingnews.com/2021/03/11/port-of-gdansk-becomes-third-busiest-baltic-sea-port-for-cargo-shipments/
5. Britain Announces Major Investment in New Offshore Wind Facilities
Britain will invest 95 million pounds ($132 million) in the construction of two new facilities to service a big expansion in offshore wind farms, creating around 6,000 jobs in the north of England, the government said on Wednesday.
Able Marine Energy Park, in the Humber region, will receive up to 75 million pounds, and Teesworks Offshore Manufacturing Centre on Teesside, will get up to 20 million pounds.
6. Ship Waits 269 Days to Unload Australian Coal in China
A ship that waited nine months is among a handful of vessels that China has let unload their cargoes of Australian coal, a reprieve for some of the seafarers and vessels caught by a trade war that at one point stranded more than 70 carriers and 1,400 mariners.
7. Despite Progress, Women Still Underrepresented in Maritime Search and Rescue -Survey
The #WomenInSAR survey, which was supported by Trinity House, attracted more than 1,600 participants from women and men in 48 different countries. The research sought to explore the challenges and barriers faced by women in maritime SAR, along with their personal aims, any experiences of discrimination, and factors affecting recruitment and retention. The results of the survey were released to coincide with International Women’s Day, which was celebrated on March 8. https://gcaptain.com/despite-progress-women-still-underrepresented-in-maritime-search-and-rescue-survey/
8. India’s Wish To Diversify Crude Oil Suppliers Maybe Hard To Grant
India’s obvious displeasure with restrictions on output imposed by OPEC and its allies, and its aim to diversify crude oil suppliers, may run into the harsh realities of the global market. The world’s third-biggest oil importer and consumer has told state-owned refiners to speed up the diversification of crude imports in order to cut dependence on its main source of supply, the Middle East, Reuters reported on Tuesday, citing two sources with knowledge of the plan. https://www.shippingtribune.com/news/shipping/India’s+Wish+To+Diversify+Crude+Oil+Suppliers+Maybe+Hard+To+Grant
9. To Enhance Coal Output Govt Identifies 15 New Projects: Joshi
To enhance coal production and reduce imports, Coal India Ltd (CIL) has identified 15 new projects with a capacity to produce 160 million tonnes per annum, Parliament was informed on Wednesday.
Coal India Ltd (CIL) aims to achieve 1 billion tonnes of coal production by 2023-24. https://www.shippingtribune.com/news/shipping/To+enhance+coal+output+govt+identifies+15+new+projects%3A+Joshi
10. Oil Price Spikes And Permanent Consumption Losses
Promises by U.S. shale producers to pursue a more restrictive approach to capital investment and production seem to have emboldened Saudi Arabia and its allies in OPEC+ to test the room for higher oil prices.
If shale firms respond to higher prices and revenues by returning capital to lenders and investors, rather than increasing output, there may be an opportunity for OPEC+ to let prices rise without losing market share. https://www.shippingtribune.com/news/shipping/Oil+price+spikes+and+permanent+consumption+losses