1. Tanker Freight Market Dynamics | Industry analysis, news and rates
This year has been a challenging one for tanker freight rates, while the dry bulk and container markets have been experiencing decade highs with elevated rates not seen before in maritime. What is more, there should be persistent concern regarding the drivers behind this adverse evolution from the summer of 2020 till today. In this piece, we will examine the degree to which the plunge in the tanker freight market is driven by the oversupply of ships, and by the remarkable volatility in the recent oestimates on world oil supply and demand that has had an enormous impact on the healthy rebalancing of the shipping market, prolonging the downturn cycle we see months now. https://cyprusshippingnews.com/2021/08/26/tanker-freight-market-dynamics-industry-analysis-news-and-rates/
2. Meet Hoegh Autoliners first female Chinese Officer
Meet Li Na, our first female Chinese Officer. She has worked her way up from being a cadet to a Third Officer in two years. After graduating from China Jiangsu Vocational and Technical College in 2018, Li Na joined Hoegh Fleet Services China (HFSC).
Why did you choose a profession at sea?
I have been wanting to travel since I was young. After reading classics such as ‘The Old Man and the Sea’, ‘The Daughter of the Sea’ and ‘Moby Dick’, my yearning for travel and sea voyage became stronger. https://cyprusshippingnews.com/2021/08/27/meet-hoegh-autoliners-first-female-chinese-officer/
3. Valenciaport’s activity mobilises more than 1.6 million telematic transactions a week
Valenciaport facilitates the 230,000 daily messages shared by more than a thousand companies in the port community that operate with this technological platform. Cost and time savings, greater efficiency in transactions, optimisation of resources or automation of processes are some of the competitive advantages of this tool. The “digital brain of the port” facilitates the intelligent and secure exchange of each container movement, involving a large number of public and private agents https://cyprusshippingnews.com/2021/08/27/valenciaports-activity-mobilises-more-than-1-6-million-telematic-transactions-a-week/
4. Ocean Network Express opens a dedicated container depot in the Port of Hamburg
Ocean Network Express Pte. Ltd. (ONE) and Universal Container Services GmbH (UCS) have strengthened their partnership by opening a dedicated ONE container depot in the port of Hamburg following the success of their dedicated ONE depot in Rotterdam, which opened in 2019. UCS is strategically located in the Port of Hamburg and is close to all main line terminals creating a flexible hub for empty containers. https://cyprusshippingnews.com/2021/08/27/ocean-network-express-opens-a-dedicated-container-depot-in-the-port-of-hamburg/
5. British Ports Association calls for action on supply chain pressures
The British Ports Association (BPA), the trade organisation for the UK’s port sector, has called on the UK government to meet the demands from the haulage industry to relieve pressure on the key supply chains. The BPA has stressed that the lack of haulage capacity has contributed to inefficiencies across the supply chain, leading to lengthy waiting times at ports and significant cost increases. https://splash247.com/british-ports-association-calls-for-action-on-supply-chain-pressures/
6. Cash-rich owners double containership orderbook in 2021
With freight rates setting new records every week, cash-rich container shipowners have splurged on new tonnage like never before. The previous annual record for new container ship orders has just been broken, measured in capacity, in less than eight months, according to new data from international shipowning organisation BIMCO.
7. Dire Shortage Of Containers Amid Other Setbacks Are Impacting Coffee Supplies
World coffee supplies are suffering a fresh setback from stringent travel curbs imposed in second-biggest grower Vietnam to control the worsening spread of the infectious delta variant of the coronavirus. The government is keeping the city of Ho Chi Minh, the exporting hub, under lockdown because of a surge in virus infections, and has tight movement controls in place in some key producing areas of the Central Highlands. https://gcaptain.com/dire-shortage-containers-impacting-coffee-supplies/
8. The Coast Guard Is Warning The Public With These Important Safety Measures Ahead Of Hurricane Ida
“As we prepare for Hurricane Ida, we are urging people in the area to remain vigilant,” said Cmdr. Scott Williams, area commander for the Ida response. “Our ability to conduct rescues can be diminished or non-existent at the height of a storm, but we have our crews staged and ready to respond to emergencies immediately after the hurricane passes.” https://gcaptain.com/coast-guard-warning-public-ahead-of-hurricane-ida/
9. Baltic Index Logs Sixth Straight Weekly Gain On Capesize Strength
The Baltic Exchange’s main dry bulk sea freight index rose to a more than 11-year high on Friday, advancing for a sixth consecutive week, as gains in the larger capesize segment countered a retreat in panamaxes. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, gained 40 points, or 1%, to 4,235, rising for a sixth straight week, up 3.5%. The capesize index rose 119 points, or 2%, to 6,162. The index also registered its sixth straight week of gains, up 2.8%. https://www.shippingtribune.com/news/shipping/Baltic+index+logs+sixth+straight+weekly+gain+on+capesize+strength
10. Skuld Launches Online Claims Tool
Skuld, a world-leading marine insurance provider, today announces the launch of its inaugural online claims tool. Skuld is the first dedicated marine insurer to develop an online claims tool that will allow members to receive reimbursement of crew claims automatically. The solution will allow members, clients, brokers and crewing managers to notify all crew claims to Skuld on skuld.com, add information, documents and cost. Simpler claims will be handled automatically, with cash reimbursement processed as quickly as the banking system allows. The system recognises more complex cases, which will be reverted to Skuld’s skilled claims handlers. https://www.shippingtribune.com/news/shipping/Skuld+launches+online+claims+tool