1. Informal discussions focus on lifecycle GHG/carbon intensity of cleaner fuels for shipping
Shipping will need new fuels to achieve the levels of ambition of the IMO’s Initial GHG Strategy. This includes a reduction in the carbon intensity of international shipping by at least 40% by 2030 and a significant further reduction in carbon intensity to achieve the 2050 level of ambition – cutting GHG emissions by 50%, in line with IMO’s vision to ultimately phase out GHG emissions as soon as possible in this century. https://cyprusshippingnews.com/2021/04/20/informal-discussions-focus-on-lifecycle-ghg-carbon-intensity-of-cleaner-fuels-for-shipping/
2. Container prices surge in China and India as supply chain blockages tighten supply
The container shortages that have been adding to logistics logjams in Asia and beyond are showing few signs of being resolved, according to the latest data from Container xChange, the world’s leading online platform for the leasing and trading of shipping containers.
3. Industry leaders collaborate to develop guidance on the safe use of Ammonia as a shipping fuel
Lloyd’s Register Maritime Decarbonisation Hub and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping form new project with A.P. Moller-Maersk, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line and Total to support shipping’s transition to zero-carbon.
4. Samskip participates in new Norwest Baltic Route
It is with great pleasure to announce our participation in the new “Norwest Baltic Route”, connecting the entireNorwegian coast with Denmark, Poland, and the Baltic states, with a fixed day liner service, starting April 2021.
5. Singapore unveils measures to bolster Silicon Valley of maritime ambitions
Speaking at the opening of the Singapore Maritime Technology Conference (SMTC) Chee Hong Tat, Singapore Minister of Stare for Foreign Affairs and Transport said that the city state needed to focus on providing an environment that encourages risk taking and collaboration with both internal and external partners. https://www.seatrade-maritime.com/technology/singapore-unveils-measures-bolster-silicon-valley-maritime-ambitions
6. Seafarer union representatives visit crew of the Ever Given
The 20,000 teu Ever Given is being detained after its arrest by the Egyptian authorities over a $916m compensation demand by the Suez Canal Authority (SCA) after the containership blocked the key waterway for six days at the end of March. There are fears that the crew of 25 Indian seafarers could stranded on the vessel for a lengthy period of time, and could possibly face legal action. https://www.seatrade-maritime.com/ship-operations/seafarer-union-representatives-visit-crew-ever-given
7. Higher Vessel Rates Lift Baltic Index To 1-1/2-Yr Peak
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019. https://www.shippingtribune.com/news/shipping/Higher+vessel+rates+lift+Baltic+index+to+1-1%2F2-yr+peak
8. Wärtsilä Navigation Systems To Secure Safe And Efficient Operation For 10 LNG Gas Carriers In Arctic Operations
Wärtsilä Voyage has signed a contract to deliver the latest technology in radio and integrated navigation systems for ten icebreaking LNG-fueled tankers to be constructed for the Arctic LNG-2 project. The order was placed in January 2021 and is now in process of execution, in partnership with Samsung Heavy Industries Co. Ltd shipyard. The new contract is an extension of the announcement made last summer, where Wärtsilä Voyage equipped five LNG carriers with integrated bridge systems under the same project. https://www.shippingtribune.com/news/shipping/Wärtsilä+navigation+systems+to+secure+safe+and+efficient+operation+for+10+LNG+gas+carriers+in+Arctic+operations
9. Coal Financing Costs Surge As Investors Opt For Renewable Energy
Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy projects to justify the risk of investing in fossil fuels, as the world moves towards cleaner energy sources. https://www.shippingtribune.com/news/shipping/Coal+financing+costs+surge+as+investors+opt+for+renewable+energy
10. Crowley Designs US’ First Fully Electric Autonomous Tug
The Crowley design, powered by the expertise of recently integrated subsidiary Jensen Maritime, leverages a large battery system and power saving technology to operate in a fully electric mode while producing zero air emissions or greenhouse gases, Crowley said. The 82-foot ship assist tug features an Azimuthing drive propulsion system with two 1,800 kW motors and a 6 MWh battery, providing an estimated 70 short tons of bollard pull. The vessel also has two small generators for emergency use and to enable the vessel to transit longer distances at a reduced speed. https://www.marinelink.com/news/crowley-designs-us-first-fully-electric-486967