1. BSM collaborates with HiLo Maritime Risk Management to test HiLo’s ground-breaking Human Reliability Model
BSM collaborates with HiLo Maritime Risk Management to test HiLo’s ground-breaking Human Reliability Model, which quantifies human behaviour in the shipping industry. “We are passionate about working together to make our seas safer and reduce risks to our crew, by sharing our human data with HiLo” says a BSM representative.HiLo is collaborating with nine of the industry’s biggest names to test our ground-breaking Human Reliability Model. We are passionate about working together to make our seas safer, and a selection of the leading shipping companies are sharing their human data with HiLo to contribute to the Human Reliability Model’s proof of concept. https://cyprusshippingnews.com/2021/04/23/bsm-collaborates-with-hilo-maritime-risk-management-to-test-hilos-ground-breaking-human-reliability-model/
2. Cyprus Shipping Deputy Minister Vassilios Demetriades visits the Cyprus Marine and Maritime Institute (CMMI) House in Larnaka
The Cyprus Shipping Deputy Minister, Mr. Vassilios Demetriades visited the CMMI House in Larnaka on the 21st of April 2021 to discuss matters of importance regarding the shipping industry and potential areas of collaboration with CMMI. The CEO of CMMI, Mr. Zacharias Siokouros, welcomed Mr. Demetriades and showed him the temporary premises of the Institute. Mr. Siokouros proceeded to make a presentation to provide an overview of the blue activities of CMMI since its establishment. https://cyprusshippingnews.com/2021/04/23/the-cyprus-shipping-deputy-minister-mr-vassilios-demetriades-visits-the-cyprus-marine-and-maritime-institute-cmmi-house-in-larnaka/
3. ECSA welcomes recognition of the shipping industry as a transitional sector in sustainable finance package
ECSA welcomes that the shipping industry has been recognised as a transitional sector. “The European shipping industry is committed to achieve its decarbonisation and environmental objectives. At the same time, being a capital intensive industry where many vessels are one of a kind, it is also key to ensure access to innovative and sustainable solutions, which can drive the entire maritime industry towards a greener and more sustainable future. Hence transition financing is vital.” said Martin Dorsman, ECSA Secretary-General. https://cyprusshippingnews.com/2021/04/23/ecsa-welcomes-recognition-of-the-shipping-industry-as-a-transitional-sector-in-sustainable-finance-package/
4. Pacific parcelling: AAL ships giant barge from China to Tahint on months Asia-Americas trade lane
Multipurpose and project heavy lift carrier, AAL Shipping (AAL), demonstrated the lifting and cargo intake capability of its mega-size A-Class fleet and parcelling capabilities of its ‘Asia – Americas Trade Lane’ chartering team with the transport of a heavy lift barge from Taicang, China to Papeete, Tahiti. The barge weighed-in on hook at 410 t and measured over 53 m in length and 3,657 cbm, and was stowed on the 31,000 dwt AAL Dalian with another 29,000 cbm of cargo comprised of large and small parcels loaded in China, South Korea, and Japan to be discharged along the US West Coast and Gulf.
https://cyprusshippingnews.com/2021/04/23/pacific-parcellingaal-ships-giant-barge-from-china-to-tahint-on-months-asia-americas-trade-lane/
5. Shell defends LNG, shipping ‘cannot afford simply to wait for alternative fuels’
Shell has been a strong proponent of LNG including for newbuildings and 50% of its chartered in fleet will be powered by LNG by 2023. “So first, let me be clear, LNG is the lowest emission fuel available at scale in the shipping sector today. It has no near rival in this regard,” Henderson told the conference. https://www.seatrade-maritime.com/environmental/shell-defends-lng-shipping-cannot-afford-simply-wait-alternative-fuels
6. Industry braced for more challenges with crew change
The Sea Asia Virtual Preview webinar earlier this week – Industry Panel: Thriving Shipping Business through the Human Element – painted a picture of ongoing challenges for crew change despite unprecedented cross industry collaboration. Setting the scene moderator Nitin Marthur, Managing Director Commercial for Wallem, said that as result of the pandemic, “Seafarers have been treated as pariahs and number issues such as mental and physical well-being of crew needs to be proactively confronted. https://www.seatrade-maritime.com/regulation/industry-braced-more-challenges-crew-change
7. Container Lines Firmly in Control as Market Stays Red Hot
Container freight indices are on the rise again, but even at their highly elevated levels they mask the true cost of shipping. For example, the Freightos Baltic Index (FBX) North European component jumped by 6% this week, to $7,791 per 40 ft – a huge 450% increase on the rate a year ago, but still unlikely to turn the heads of carriers that can easily fill ships with containers paying double that rate. https://gcaptain.com/container-lines-firmly-in-control-as-market-stays-red-hot/
8. Baltic Index Books Biggest Weekly Gain Since Mid-February
The Baltic Exchange’s main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 38 points, or 1.4%, to 2,788, its highest since September 2010. https://www.shippingtribune.com/news/shipping/Baltic+index+books+biggest+weekly+gain+since+mid-February
9. ‘Sky’s The Limit’ For Already Lofty Container-Ship Charter Rates
Just when you thought container shipping couldn’t get any hotter, it has. Liners are desperate for more ships to handle booming cargo demand. Companies known as tonnage providers or nonoperating owners (NOOs) — which own ships and lease them to liners — are now achieving rates and charter durations that haven’t been seen since the mid-2000s.
https://www.shippingtribune.com/news/shipping/‘Sky’s+the+limit’+for+already+lofty+container-ship+charter+rates
10. BIMCO COVID 19 Weekly Report
The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). https://www.shippingtribune.com/news/shipping/BIMCO+COVID+19+weekly+report
