1. Frangou announces merger of Navios companies creating the biggest US publicly listed shipping organisation
Navios Maritime Partners, an international owner and operator of dry cargo vessels, and Navios Maritime Acquisition, an international owner and operator of tanker vessels, announced today a definitive transaction agreement providing for a combination of Navios Partners and Navios Acquisition in a transaction in which shareholders of Navios Acquisition will receive 0.1275 of a common unit of Navios Partners for each outstanding common share of Navios Acquisition. https://cyprusshippingnews.com/2021/08/30/navios-maritime-partners-announces-a-merger-with-navios-maritime-acquisition-corporation/
2. Geneva Declaration on Human Rights at Sea Drafting Team Update
The Geneva Declaration on Human Rights at Sea, together with its Annexes, is currently in the final stages of drafting for publication. The Declaration is a soft-law instrument that highlights the applicable rules and standards to be maintained in defence of fundamental human rights at sea. It reflects existing law and, importantly, does not attempt to generate any new legal obligations for States. It is intended, therefore, as a guide to enhance compliance with the law as it stands deliberately focusing on practical means of applying human rights standards throughout the maritime environment. https://cyprusshippingnews.com/2021/08/30/geneva-declaration-on-human-rights-at-sea-drafting-team-update/
3. IMO supports maritime security activities in East Africa
IMO has assisted in the strengthening of maritime security governance in East Africa by participating in two regional events during August: the Strategic Maritime Security and Blue Economy course (held 9-13 August) held in Kenya, and also the annual Cutlass Express event (26th July – 6th August), a United States Naval Forces Africa led, maritime security exercise conducted in the Western Indian Ocean. https://cyprusshippingnews.com/2021/08/30/imo-supports-maritime-security-activities-in-east-africa/
4. Port of New Orleans Progresses on New Container Facility with Award for Louisiana International Terminal’s Program Management Contract
At their August 26, 2021 Regular Monthly Meeting, the Board of Commissioners of the Port of New Orleans unanimously approved a contract for Program Management and Program Control Services to HDR Engineering, Inc., a global engineering and consulting firm, as part of the multi-year due diligence and permitting process for the new Louisiana International Terminal (LIT) container facility in St. Bernard Parish. https://cyprusshippingnews.com/2021/08/30/port-of-new-orleans-progresses-on-new-container-facility-with-award-for-louisiana-international-terminals-program-management-contract/
5. Hurricane Ida Slams Critical U.S. Oil Port As It Makes Landfall
Hurricane Ida made landfall on Sunday as a Category 4 storm near Port Fourchon, Louisiana, lashing critical U.S. oil infrastructure with winds up to 150 miles per hour (240 km per hour). The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, paused deliveries ahead of the storm after forecasts indicated possible impacts to its operational areas. LOOP’s marine terminal is located in open waters about 18 nautical miles (29 km) off the shores of Louisiana, while Port Fourchon is its land base.
https://gcaptain.com/hurricane-ida-slams-critical-u-s-oil-port/
6. Right Whales Numbers Are Increasing In Southern New England Waters Slated For Offshore Wind Energy Development
Right whales are increasing their use of southern New England waters, including regions slated for offshore wind energy development, according to aerial survey data collected during the last decade. Offshore wind energy installations are proposed in waters off the south coasts of Massachusetts and Rhode Island. Understanding and minimizing the potential impacts from construction noise, increased vessel traffic, and habitat alteration will be crucial to protecting and conserving this endangered species. This research supports the Administration’s goal of deploying offshore wind while protecting biodiversity and promoting ocean co-use. https://gcaptain.com/right-whales-numbers-are-increasing-in-southern-new-england-waters-slated-for-offshore-wind-energy-development/
7. StarOcean Marine takes 2021 order tally to 20
Fujian Southeast have won an order for two 1,140 teu gearless feeder units from StarOcean Marine, due for delivery in the first quarter of 2024. No price has been revealed. StarOcean Marine is rapidly expanding, ordering 20 boxships so far this year. StarOcean Marine operates on intra-China trades as well as shuttling between China and Japan. It also goes by the names Ruiyang Shipping or Goto Shipping.
https://splash247.com/starocean-marine-takes-2021-order-tally-to-20/
8. US appoints port envoy to address supply chain disruptions
The White House and the US Department of Transportation have appointed a port envoy to the Biden-Harris Administration Supply Chain Disruptions Task Force. John D. Porcari – who served as the US deputy secretary of transportation in the Obama administration from 2009 to 2013 – will work with Transportation Secretary Pete Buttigieg and the National Economic Council to tackle congestion at US ports. https://splash247.com/us-appoints-port-envoy-to-address-supply-chain-disruptions/
9. Battle Of The Shipping Booms: Containers ‘21 Vs Dry Bulk ‘07-‘08
Container shipping is in uncharted territory. There has never been a crazy boom like this in its history. But as any shipping long-timer will tell you, there has indeed been a crazy boom like this in another sector: dry bulk circa 2007-2008. It’s worth a look back at this earlier shipping mega-spike. First, to compare and contrast with this year’s meteoric rise in container shipping profits. And second, to put current dry bulk rates — which are at decade highs and still rising — in perspective. https://www.shippingtribune.com/news/shipping/Battle+of+the+shipping+booms%3A+Containers+‘21+vs+dry+bulk+‘07-‘08
10. Containership Order Book Doubled Up In 2021 : BIMCO
Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new container ship orders has just been broken (measured in capacity) in less than eight months.As a result of very healthy shipowner bottom lines and carriers experiencing a lack of tonnage, 619 container ships are now on order for future delivery. Of those, 381 have been ordered in 2021 alone and never has 3.44m TEU been ordered in such a short time span. Still, it’s not a record for the total orderbook, as 6.8m TEU were on order by the end of July 2008, compared to 5.3m TEU by late-August. https://www.shippingtribune.com/news/shipping/Containership+order+book+doubled+up+in+2021+%3A+BIMCO
