1. Nigerian Chamber of Shipping becomes full member of ICS and be the first African member state to join the board
The Nigerian Chamber of Shipping has become a full member of the International Chamber of Shipping (ICS), according to ICS’s release. The Nigerian Chamber of Shipping, formed in 2002, has grown to not only represent the country’s domestic shipping industry but also all stakeholders in Nigerian maritime, including ship owners and operators, port and terminal operators, shipyard and dry dock owners service operators in the oil and gas sector. https://cyprusshippingnews.com/2021/08/04/nigerian-chamber-of-shipping-becomes-full-member-of-ics-and-be-the-first-african-member-state-to-join-the-board/
2. Safe Bulkers enters into a bareboat charter agreement with a purchase option for a Capesize Class Dry-bulk Vessel
Safe Bulkers an international provider of marine drybulk transportation services, announced today that in relation to its fleet renewal strategy, it has entered into a twelve-month bareboat charter agreement, with a down payment by the Company of $4.5 million on signing, a payment of $4.5 million on delivery of the vessel to the Company scheduled for the fourth quarter of 2021, a payment of a daily charter rate of $14,500 over the period of the bareboat charter and a purchase option in favor of the Company at the end of the charter period of $18.0 million for the acquisition of a 2012, Japanese- built, dry-bulk 181,000 dwt, Capesize class vessel. https://cyprusshippingnews.com/2021/08/04/safe-bulkers-enters-into-a-bareboat-charter-agreement-with-a-purchase-option-for-a-capesize-class-dry-bulk-vessel/
3. Building support for fishing safety in the Pacific region
IMO Member states in the Pacific Region were part of an active discussion exploring the national and regional benefits of ratifying and implementing the 2012 Cape Town Agreement (CTA), which aims to boost safety for fishing vessels and their crew. The event was the latest in a series of virtual webinars aimed at engaging decision-makers from maritime administrations and fishery authorities on the topic, and was organized in cooperation with the Pew Charitable Trusts, Pacific Regional Environment Programme (SPREP) and Pacific Community (SPC) Secretariats. https://cyprusshippingnews.com/2021/08/04/building-support-for-fishing-safety-in-the-pacific-region/
4. The Panama Canal resumes seasonal measures to protect migrating marine life
From August 1 to November 30, 2021, the Panama Canal will once again promote the implementation of the International Maritime Organization’s (IMO) speed and navigational recommendations to protect whales, dolphins, and other large aquatic animals, as they start their nearby seasonal migration. https://cyprusshippingnews.com/2021/08/04/the-panama-canal-resumes-seasonal-measures-to-protect-migrating-marine-life/
5. Spain’s Repsol secures two 174,000 cu m LNG carriers from Hyundai
Spain’s Repsol has secured two 174,000 cu m LNG carriers on time charter deals with Hyundai LNG Shipping for a period of 10 years plus options, it said Aug. 3, as it prepares for more US LNG purchases. The two vessels will be for delivery in 2023 and 2024, Repsol said, without disclosing financial details. https://www.hellenicshippingnews.com/spains-repsol-secures-two-174000-cu-m-lng-carriers-from-hyundai/
6. BIMCO Shipping KPI Monthly News – Guidance Benchmarking Reports Generation
Step by Step guidance on how users can generate their own BIMCO Shipping KPI Benchmarking by using the Chart Context Menu function. Benchmarking results – extractions of images for generation of user reports Under the newly implemented ranking concept users can only generate “Ranking Overview Reports” and “KPI Overview Reports” found under the tab “My Ships”. https://www.hellenicshippingnews.com/bimco-shipping-kpi-monthly-news-guidance-benchmarking-reports-generation/
7. Allianz warns on crew change crisis and ship safety
The crew change crisis continues to have a major impact on the health and wellbeing of seafarers, with potential long-term implications for safety, the insurance company declared in its latest Safety and Shipping Review 2021.
In addition to the humanitarian and crew welfare issues, there are increasing risks that crew fatigue could lead to human error and even serious accidents, Allianz said. Meanwhile, attracting young people to a life at sea is likely to become a growing challenge in the future. https://www.seatrade-maritime.com/casualty/allianz-warns-crew-change-crisis-and-ship-safety
8. Solution to container sector’s delays lies with the landside, not more ships
Analysts Sea-Intelligence examined how port congestion and delays had actually resulted in net decreases in capacity on the transpacific and Asia – Europe trades despite containers lines deploying significant additional tonnage. In a simple example if a six-week roundtrip service with six 10,000 teu vessels deployed becomes a seven-week round service, and additional 10,000 teu ship, or a 16.7% increase in nominal capacity, is required to keep the same level of weekly capacity.
https://www.seatrade-maritime.com/containers/solution-container-sectors-delays-lies-landside-not-more-ships
9. Baltic Index Edges Lower On Capesize Dip
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched down on Tuesday as a dip in the capesize segment offset gains in smaller vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, shed one point to 3,281 points. The capesize index lost 26 points, or 0.6%, to 4,246 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $213 at $35,216. https://www.shippingtribune.com/news/shipping/Baltic+index+edges+lower+on+capesize+dip
10. Adani Ports Gains After Stellar Q1 Performance
Adani Ports and Special Economic Zone added 2.16% to Rs 707 after the company reported 77% jump in consolidated net profit to Rs 1,342 crore on a 99% increase in consolidated revenue to Rs 4,557 crore in Q1 FY22 over Q1 FY21. The increased revenue was on account of an increase in cargo at port by 83%, rail volume by 10%, and terminal volume by 13% in the logistics business. https://www.shippingtribune.com/news/shipping/Adani+Ports+gains+after+stellar+Q1+performance
