1. New European partnership commits the Waterborne Transport Sector to zero emissions by 2050
The College of Commissioners of the European Commission took an important step towards the realisation of zero-emission waterborne transport. A Memorandum of Understanding (MoU) for a Co-Programmed Partnership between the European Commission and the Waterborne Technology Platform under the framework of Horizon Europe was adopted, to be signed during the European Research and Innovation Days on 23 June 2021. https://cyprusshippingnews.com/2021/06/16/new-european-partnership-commits-the-waterborne-transport-sector-to-zero-emissions-by-2050/
2. NYK to build 12 LNG-fueled PCTCs
NYK has agreed to a memorandum of understanding (MoU) for the consecutive building of LNG-fueled PCTCs at Shin Kurushima Dockyard Co., Ltd. and Nihon Shipyard Co., Ltd. Twelve new ships are planned to be built, six ships each at the two shipyards. The newly built ships will be delivered successively from fiscal 2025 to fiscal 2028. https://cyprusshippingnews.com/2021/06/16/nyk-to-build-12-lng-fueled-pctcs/
3. New Helicopter Operations Guide from ICS helps crews prepare for the unexpected
Imagine the scenario; adverse weather conditions, a seriously injured crew member. There is no option but to arrange for an emergency medivac from the deck of the ship. This is, thankfully, not a situation crews will encounter every day, yet they must be able to deal with helicopter operations safely when they do occur. A newly updated guide from the International Chamber of Shipping gives crews the support they need, when and where they need it.
4. VIKING signs contract for five more Hellenic Coast Guard ambulance boats
The latest deal, signed by Minister of Shipping and Island Policy Mr. Giannis Plakiotakis on May 28, covers delivery of five VIKING Norsafe Munin-S1200 boats to support emergency services for Sporades, Samothrace, the Saronic Gulf and the Ionian Islands. It follows on from VIKING’s previous delivery of three identical boats, which are stationed in Naxos, Rhodes and Leros in the Aegean sea. https://cyprusshippingnews.com/2021/06/16/viking-signs-contract-for-five-more-hellenic-coast-guard-ambulance-boats/
5. Panama Canal Extends Max Length, Increases Draft for Neopanamax Locks
The Panama Canal has increased the maximum allowable length for vessels transiting the Neopanamax Locks. Since May 21, the maximum length overall (LOA) for commercial and noncommercial vessels acceptable for regular transits of the Neopanamax Locks is 370.33 meters (1,215 feet), up from 367.28 meters (1,205 feet). https://www.marinelink.com/news/panama-canal-extends-max-length-increases-488478
6. Deutsche Bank Set for $1 Bln Windfall from Zim Bets
Deutsche Bank is on course to make up to $1 billion on a long-shot bet on Israeli shipping firm Zim after it surged in value on the back of record-high global freight rates, Bloomberg reported on Tuesday. Citing unnamed sources familiar with the matter, the report said that Mark Spehn, a distressed debt trader at the German bank, had wagered less than $100 million over the past five years on building a position in the company through bond and bank loans as shipping rates fell. https://www.marinelink.com/news/deutsche-bank-set-bln-windfall-zim-bets-488460
7. Judge Orders Offshore Drilling Leasing to Resume in Setback for Biden
A federal judge in Louisiana on Tuesday blocked the Biden administration’s pause on oil and gas leasing on public lands and waters, dealing a setback to a key White House effort to address climate change. The order granted a preliminary injunction to Louisiana and 12 other states that sued Democratic President Joe Biden and the Interior Department over the freeze on new drilling auctions. Louisiana is a major hub for offshore oil and gas production.
8. Golden Ray Cutting Paused for Equipment Maintenance
Cutting operations on the Golden Ray wreck have been paused once again to allow for maintenance on the wreck removal equipment, the incident command said in its latest update. Cutting operations to separate Section Three from the remainder of the Golden Ray wreck have been ongoing since resuming late last month two weeks after a fire inside the wreck. https://gcaptain.com/golden-ray-cutting-paused-for-equipment-maintenance/
9. Baltic Index Gains On Higher Rates Across Vessels
The Baltic exchange’s main sea freight index rose for the fifth straight session on Tuesday, supported by stronger rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, gained 81 points, or 2.8%, to 3,025. The capesize index rose by 152 points, or 4.3%, to a three-week high at 3,695. https://www.shippingtribune.com/news/shipping/Baltic+index+gains+on+higher+rates+across+vessels
10. Citi Maintains ‘Buy’ On Adani Ports With A Target Price Of Rs 1,000; Here’s Why
There was enough clarification on Adani Group stocks from most of the interested parties last night. NSDL clarified that none of the three accounts have been frozen. Even Adani Group clarified that they have got a written confirmation that all the three accounts mentioned in the reports were not frozen and are quite active.
Citigroup has come out with a report on Adani Ports maintaining a buy rating with a target price of Rs 1,000. According to Citi, while other group companies may have sentiment negative but business-wise, it has not impacted either of the businesses or the financials. https://www.shippingtribune.com/news/shipping/Citi+maintains+‘buy’+on+Adani+Ports+with+a+target+price+of+Rs+1%2C000%3B+here’s+why