1. Cyprus Shipping Deputy Minister Vassilios Demetriades analyses EMSA’s environmental impact report
A new report by the European Maritime Safety Agency (EMSA), entitled the ‘European Maritime Transport Environmental Report,’ (EMTER), outlines the full extent to which the EU maritime transport sector impacts on the environment. It also highlights the potential challenges these represent to global sustainability efforts. In a panel discussion on 1 September at EMSA, Vassilios Demetriades, Cyprus Deputy Shipping Minister and others commented on its findings, providing input into what the potential solutions to these challenges may be. https://cyprusshippingnews.com/2021/09/06/cyprus-shipping-deputy-minister-vassilios-demetriades-analyses-emsas-environmental-impact-report/
2. Mitsubishi Shipbuilding receives approval in principle from Classification Society for LCO2 Carrier Cargo Tank from France’s Bureau Veritas
･ Project part of MHI Group’s effort to expand businesses for the CCUS value chain, utilizing the advanced gas handling technologies of Mitsubishi Shipbuilding.
･ With the acquisition of this AIP, MHI Group will focus on developing and offering the technologies needed to bring LCO2 carriers to the market.
3. The CMA CGM ZEPHYR joins the CMA CGM Group fleet
The CMA CGM Group has invited Ms. Belinda PENG, owner of the WUDI Group to be the Godmother of the CMA CGM ZEPHYR. CMA CGM and WUDI Group, a furniture manufacturer and seller exporting its products to 50 countries, share the same determination to work towards sustainable transport and logistics. The naming ceremony took place on August 27th at the Hudong Zhonghua Shipyard in Shanghai. The CMA CGM ZEPHYR has started its maiden voyage on August 31st on the CIMEX 5 line connecting Asia and the Gulf. https://cyprusshippingnews.com/2021/09/06/the-cma-cgm-zephyr-joins-the-cma-cgm-group-fleet/
4. Seafarer Happiness Index Q2 questions how happy seafarers are with their workload
The Seafarers Happiness Index (SHI) Quarter 2 2021 results are a measure of the happiness level of seafarers amidst the backdrop of the Covid-19 pandemic, and with severe global and maritime industry issues again being brought to… The Seafarers Happiness Index (SHI) Quarter 2 2021 results are a measure of the happiness level of seafarers amidst the backdrop of the Covid-19 pandemic, and with severe global and maritime industry issues again being brought to the fore. https://cyprusshippingnews.com/2021/09/06/seafarer-happiness-index-q2-questions-how-happy-seafarers-are-with-their-workload/
5. Human Rights at Sea welcomes new Head of Operations
Human Rights at Sea is delighted to welcome Martyn Illingworth into the role of Head of Operations and Development. Martyn will lead on the implementation of our ambitious strategy, as we grow our organisation and our impact. He joins us from a background in management in the civil and public sectors where he has worked for NGOs, governments, and UN agencies. https://cyprusshippingnews.com/2021/09/06/human-rights-at-sea-welcomes-new-head-of-operations/
6. ClarkSea Index enjoys its longest ever stretch of continuous month-on-month improvement
The ClarkSea Index has enjoyed its longest ever stretch of continuous month-on-month improvement, another sign of how this year’s bull-run has echoes of the great shipping rally from 2003 to 2008. The cross-sector ClarkSea Index, widely seen as a key shipping barometer, is a weighted average of tanker, bulk carrier, containership and gas carrier earnings managed by Clarkson Research Services. The index, which was created in 1990, has now gone up for 11 consecutive months, stretching back to October last year. The index has now reached an an average of $39,453. https://splash247.com/clarksea-index-enjoys-its-longest-ever-stretch-of-continuous-month-on-month-improvement/
7. Boxship charter rates now stand 128% above previous 2005 peak
Containership charter rates now stand at more than double their previous peak 16 years ago. Charter rates for shipping’s hottest sector have more than quadrupled from the start of this year and are now 128% above the previous 2005 peak, according to Clarkson Research Services. 1,700 teu ships are now able to command $51,000 a day for six -to 12-month contracts, while the rate for a 4,400 teu ship is about to crack the $100,000 a day mark, sitting on $97,500 a day with ships in the 6,800 teu range pocketing $111,500 per day. https://splash247.com/boxship-charter-rates-now-stand-128-above-previous-2005-peak/
8. Operational considerations for commercial nuclear propulsion
Known to most as a senior London arbitrator, Michael Allen’s first career before becoming a lawyer was as an engineer officer on British nuclear submarines. Below, he poses plenty of questions about crew onboard the next generation of nuclear-powered ships. There is increasing activity towards the advent of commercial nuclear propulsion, focussing on the molten salt reactor (MSR) instead of the pressurised water reactor (PWR).
9. Voluntary Rate Increases Shove Trans-Pacific Bookings To Fresh Highs
Voluntary rate increases on the part of shippers and freight forwarders have artificially supported freight rates on the trans-Pacific eastbound trade, as market players compete with one another to secure any available vessel slots. “If we offer $10,000 per container to the US East Coast, companies will come and offer $12,000 to $15,000 instead,” a carrier source said. “Every time I’m meeting with an import customer, the one phrase I keep hearing is ‘what’s it going to take.’”
10. Carriage Of Containers On Vessels Not Specifically Designed For The Purpose
The shipping industry is currently witnessing an exceptional boom in the container trade, and due to the increasing demand, some freight forwarders and other parties are exploring unconventional methods to accomplish their targets and commitments. Consequently, there are instances where shipowners are being asked to carry containers either on deck and/or inside holds on ships that are not designed for this purpose. Such a carriage could lead to a number of safety related issues such as stack collapses or container losses overboard. https://www.shippingtribune.com/news/shipping/Carriage+of+containers+on+vessels+not+specifically+designed+for+the+purpose