1. Natasa Pilides informs EU Commissioner on Cyprus National Energy and Climate Plan
Energy, Commerce and Industry Minister, Natasa Pilides, briefed on Tuesday the EU Commissioner for Energy, Kadri Simson, about developments as regards the implementation of policies and actions included in Cyprus National Energy and Climate Plan as well as about three Projects of Common Interest in which Cyprus participates, namely «CyprusGas2EU», «EuroAsia Interconnector» and «EastMed Pipeline». https://cyprusshippingnews.com/2021/04/16/natasa-pilides-informs-eu-commissioner-on-cyprus-national-energy-and-climate-plan/
2. The Suez Canal Authority’s decision to arrest Ever Given is extremely disappointing says Ian Beveridge, CEO of BSM
Bernhard Schulte Shipmanagement (BSM) as the technical managers of the containership EVER GIVEN, can confirm that extensive inspections from the American Bureau of Shipping (ABS) as the vessel’s classification society, which included underwater inspections have been concluded. Based on these thorough inspections, the vessel has been declared suitable for onward passage to Port Said where she will be assessed again before departing for Rotterdam. https://cyprusshippingnews.com/2021/04/16/bsm-technical-managers-of-ever-given-confirm-that-extensive-inspections-from-abs-including-underwater-inspections-have-been-concluded/
3. Trafigura to co-sponsor development of MAN Energy Solutions ammonia engine
Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, is continuing its investment in renewable energy technologies by co-sponsoring the development of MAN Energy Solutions ammonia-fuelled engine for maritime vessels. The fuel-flexible, two-stroke ammonia engine is expected to be commercially available for large-scale ocean-going ships by 2024, followed by a retrofit package to make existing maritime vessels capable of running on ammonia by 2025. https://cyprusshippingnews.com/2021/04/16/trafigura-to-co-sponsor-development-of-man-energy-solutions-ammonia-engine/
4. World Bank urges governments to stop spending on LNG bunkering infrastructure
The World Bank has concluded that green ammonia closely followed by green hydrogen strike the advantageous balance of favourable features among a range of different candidate bunker fuels for ships. These features relate to the lifecycle greenhouse gas emissions, broader environmental factors, the scalability, the economics, and the technical and safety implications of each fuel. https://splash247.com/world-bank-urges-governments-to-stop-spending-on-lng-bunkering-infrastructure/
5. $3.4trn: Stopford puts a price tag on the global fleet upgrade needed through to IMO 2050
The world’s most famous shipping economist, Dr Martin Stopford, has put a dollar figure estimate on what shipping will need to spend on the global merchant fleet to ensure ships comply with the International Maritime Organization’s 2050 decarbonisation goals as well as handling likely increased trade growth over the coming three decades. The IMO has demanded shipping slash its emissions by at least 50% by 2050 compared to 2008 levels.
6. First of UECC’s Three LNG Battery Hybrid PCTCs Launched
The first of three liquefied natural gas (LNG) battery hybrid pure car and truck carriers (PCTC) commissioned by Norwegian shipping company United European Car Carriers (UECC) was launched this week at the Jiangnan Shipyard in Shanghai. The remaining two vessels are scheduled for delivery in 2022. https://www.marinelink.com/news/first-ueccs-three-lng-battery-hybrid-486929
7. Panama Canal delays transit reservation fees changes
“The Panama Canal values its customers’ input, as it looks for ways to bring value and improve our service on a constant basis,” said Administrator Ricaurte Vásquez. “We always take into account how the changes we make may affect our customers and will work alongside them to ensure that their feedback is heard, and our goals are aligned.” https://www.seatrade-maritime.com/ship-operations/panama-canal-delays-transit-reservation-fees-changes
8. Former MSC Gayane Crew Member Sentenced to Prison for Role in Record Breaking Drug Bust
A former crew member on board MSC Gayane containership has been sentenced to more than five years in prison for his role in a plot to smuggle $1 billion worth of cocaine through the port of Philadelphia, the U.S. Justice Department announced this week.
9. Canadian Crude Shipped from Newfoundland to U.S. West Coast in Unusual Demand Shift
For the second time this month, a tanker will load crude from eastern Canada’s oil-rich Newfoundland province and head to the U.S. West Coast, shipping fixtures compiled by Bloomberg show. The BP Plc-booked Aquasurazo is set to receive supplies this weekend destined for the Cherry Point refinery in Washington. Last week, a Chevron Corp.-chartered vessel loaded at the same province and is en route to deliver crude to plants in California. https://gcaptain.com/canadian-crude-shipped-from-newfoundland-to-u-s-west-coast-in-unusual-demand-shift/
10. Baltic Index Posts Second Weekly Jump As Vessel Demand Grows
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was up on Friday, advancing for a second week in a row, on higher rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, climbed 62 points, or 2.7%, to a more than one-year high of 2,385.