1. Republic of the Marshall Islands updates its Yacht Code
The Republic of the Marshall Islands (RMI) Yacht Code (the “Code”) has been updated and amended making it more pragmatic than ever for modern and innovative owners and shipyards to choose the RMI as a building standard. The Code was first published in 2013 and this is the most significant update to the Code since then. The 2021 Code revisions incorporate all previously issued supplements as well as additional technical and safety updates to address the building requirements of today’s yachts. https://cyprusshippingnews.com/2021/05/13/republic-of-the-marshall-islands-updates-its-yacht-code/
2. Hapag-Lloyd with a strong start to the year in first quarter
Hapag-Lloyd has concluded the first quarter of 2021 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of roughly USD 1.9 billion (approximately EUR 1.6 billion). Earnings before interest and taxes (EBIT) rose to roughly USD 1.5 billion (approximately EUR 1.3 billion). The Group net result improved to around USD 1.5 billion (EUR 1.2 billion). https://cyprusshippingnews.com/2021/05/13/hapag-lloyd-with-a-strong-start-to-the-year-in-first-quarter/
3. Good start of the year for Shipping
“Danish shipping has had a successful start of the year. The willingness to purchase is big and it creates a need for transport of goods across countries and continents. Danish shipping companies are doing great and right now Danish shipping accounts for more than a fifth of the total Danish export. We are honestly impressed by that ourselves,” says Anne H. Steffensen, director general and CEO of Danish Shipping. https://cyprusshippingnews.com/2021/05/13/good-start-of-the-year-for-shipping/
4. EU awards nearly € 25 million in funding to ‘green port project’ Rotterdam
An international alliance of 45 companies, knowledge institutes and port authorities, headed by the Port of Rotterdam Authority, has been awarded nearly € 25 million in EU funding. The consortium will be using this grant to execute 10 pilot projects and demonstration projects that focus on sustainable and smart logistics in port operations. In the years ahead, the transport sector is expected to transition to clean power. At this moment it is not clear yet which types it will be adopting exactly, and for which modes of transport https://cyprusshippingnews.com/2021/05/13/eu-awards-nearly-e-25-million-in-funding-to-green-port-project-rotterdam/
5. Department of Homeland Security Issues Limited Jones Act Waiver to Foreign Shipping Company
With Union support the Biden administration temporarily eased century-old U.S. shipping requirements to allow foreign tankers to transport gasoline and diesel to fuel-starved areas of the country following the Colonial Pipeline outage. A waiver has been issued for a single company to the 101-year-old Jones Act,which stipulates goods transported between U.S. ports be carried on ships built in the U.S. and crewed by American workers, Homeland Security Secretary Alejandro Mayorkas said in a Thursday statement. https://gcaptain.com/biden-ones-act-waiver-union-siu/
6. U.S. Fuel Supply Response Slowed by Mothballed Oil Tankers
Efforts to get fuel supplies to areas in the United States facing shortages have been slowed because shipowners have mothballed U.S.-flagged oil tankers that can make coastal voyages, shipping sources said on Wednesday. The shutdown of the Colonial Pipeline network to thwart a cyber attack has disrupted nearly half the East Coast’s fuel supply and left parts of the southeast facing a severe shortage of gasoline and diesel. Colonial said it began to restart on Wednesday but warned it would take several days for fuel supply chain to return to normal.
https://gcaptain.com/u-s-fuel-supply-response-slowed-by-mothballed-oil-tankers/
7. World’s first barge-to-ship methanol bunkering at Port of Rotterdam
“Waterfront Shipping has been operating methanol-fuelled ships for over five years now, accumulating over 100,000 combined operating hours—and has been bunkering methanol for its methanol dual-fuelled vessels via cargo shore pipelines near Methanex’s production facilities,” said Paul Hexter, President of Waterfront Shipping. “When appropriate safety measures are followed, we know that methanol is safe to ship, store, handle and bunker using procedures similar to conventional fuels. Today’s methanol bunkering demonstration is another step in helping the shipping industry with its journey to reduce emissions.” https://www.seatrade-maritime.com/bunkering/worlds-first-barge-ship-methanol-bunkering-port-rotterdam
8. LNG as fuel gathers speed, but older vessels face bumps in the road
However, many older vessels are unlikely to meet new IMO carbon intensity requirements likely to be adopted at MEPC 76 in June and due to enter force in January 2023. Even a new ship, delivered in 2022, will need several upgrades over its lifetime to keep abreast of tightening IMO carbon regulations in the years ahead. https://www.seatrade-maritime.com/environmental/lng-fuel-gathers-speed-older-vessels-face-bumps-road
9. Mumbai To Build Container Terminal To Recover Market Share
THE Mumbai Port Trust (MbPT) has received permission from the Maharashtra Coastal Zone Management Authority to build a new container terminal and two offshore berths, reports Colchester’s Seatrade Maritime News. The work is be carried out without reclaiming any land that could have had an adverse ecological effect and affected the flamingo population. https://www.shippingtribune.com/news/shipping/Mumbai+to+build+container+terminal+to+recover+market+share
10. Saudi Ports Cargo Volumes Up 8 Percent In April
Saudi ports handled more than 609,000 containers during April, up more than 8.25 percent from a year earlier.
Ports overseen by the General Authority for Ports (Mawani) also handled more than 450,000 heads of live cattle, up by almost 89 percent over the same period, SPA reported. Saudi Mawani handled 2.5 million containers during the first quarter of 2021, a 16 percent increase from a year earlier. https://www.shippingtribune.com/news/shipping/Saudi+ports+cargo+volumes+up+8+percent+in+April
