InterManager Daily News 14.10.2021.

1. Senator Cantwell Requests Info from MARAD Related to Merchant Marine Academy Sexual Assaults and Harassment

U.S. Senator Maria Cantwell (D-WA), Chair of the Senate Committee on Commerce, Science and Transportation, has sent a letter to Acting Maritime Administrator Lucinda Lesley requesting information related to investigations into reported allegations of sexual assault, rape and sexual harassment by Midshipmen at the United States Merchant Marine Academy in Kings Point, New York.

2. Energy Crunch Stokes Inflation, Economic Recovery Concerns

Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and curtail an economic recovery. Power prices have surged to record highsin recent weeks, driven by shortages in Asia and Europe, with an energy crisis in China expected to last through to the end of the year and crimp growth in the world’s second-largest economy and top exporter.

3. Former US Navy Engineer, Wife Face Judge in Submarine Espionage Case

A former U.S. Navy nuclear engineer and his wife on Tuesday faced their first court hearing on charges they attempted to sell secrets about nuclear submarines to a foreign power in exchange for cryptocurrency. Wearing orange prison jumpsuits, they briefly appeared at a federal courthouse in Martinsburg, West Virginia, for a formal reading of the criminal charges against them. They have not yet been asked to enter a plea to the charges.

4. Klaveness Combination Carriers’s sustainability reporting awarded A- in ESG assessment

The analysis was performed in line with the framework used by TGG for rating the top 100 companies on the Oslo Stock Exchange and is based on KCC’s Sustainability Report for 2020 and other sustainability resources published by the company. As outlined by TGG, an “A” grade represents ‘excellent reporting in line with best practice. Good description of material issues and relevant results. Clear strategy and specific, quantifiable targets.’ Download the full ESG 100 report by The Governance Group here to learn more about their rating framework.

5. COSCO SHIPPING and Sinochem Holdings signs a strategic cooperation agreement

On October 8, China COSCO SHIPPING and Sinochem signed a strategic cooperation agreement in Shanghai. Chairman of Sinochem Holdings Mr. Ning Gaoning, Director of the Board and President of Sinochem Holdings Mr. Li Fanrong, Chairman of COSCO SHIPPING Capt. Xu Lirong, and Director of the Board and President of COSCO SHIPPING Mr. Fu Gangfeng attended the ceremony and witnessed the signing of documents. Vice President of Sinochem Holdings Mr. Yang Shihao and Executive Vice President of COSCO SHIPPING Mr. Huang Xiaowen signed the agreement on behalf of the two sides.

6. Eastern Pacific Shipping tackles Mental Health Head-on

Eastern Pacific Shipping (EPS) has partnered with Mental Health Support Solutions (MHSS) to break the mental health taboo and provide professional psychological support to its 5,000-strong and growing workforce across sea and shore. The initiative is part of EPS’ Life at Sea Programme, a comprehensive set of benefits aimed to ensure the long term physical and mental wellbeing of EPS employees, specifically its seafarers. On top of the inherent physically and mentally demanding nature of life at sea, the long-drawn global effects of COVID-19 have also weighed heavily on the mental wellbeing of sea and shore colleagues alike.

7. Vineyard Wind project takes another major step forward with GE order

After becoming the first commercial-scale offshore wind project in the US to reach financial close in September, Vineyard Wind has achieved another project milestone, ordering 62 wind turbines from GE Renewable Energy. The Haliade-X 13 MW turbines received their official type certification from DNV GL in early 2021. The Vineyard Wind 800-MW-capacity wind farm will be located 15 miles off the coast of Martha’s Vineyard in Massachusetts. A joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners, Vineyard Wind is expected to begin generating energy in 2023.

8. Sveinung Støhle to help Maria Angelicoussis run Greece’s largest shipowner

Angelicoussis Shipping Group, Greece’s largest shipowner with one of the world’s largest privately-owned fleets, has announced the appointment of Sveinung Støhle in the new role of deputy chief executive officer. Støhle, who is stepping down as president and CEO of Höegh LNG on November 1, has more than 25 years of experience in the liquefied natural gas (LNG) industry with both shipping and oil and gas companies. He will join the Angelicoussis Group’s senior management team in Athens.

9. Baltic Index Slips For Third Day On Weak Capesize Rates

The Baltic Exchange’s dry bulk sea freight index fell for a third straight session on Tuesday as a decline in capesize rates outweighed gains in panamax and supramax segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell by 110 points or 2%, to 5,378. The capesize index fell 385 points, or 3.9%, to 9,590, but held close to its highest since 2008. Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, fell $3,187 to $79,535.

10. In Tune With Gati Shakti Plan, Visakhapatnam Port Trust Initiates A Host Of Projects

In tune with the Rs 100 lakh crore PM Gati Shakti National Infrastructure Master Plan which will lay foundation for a holistic infrastructure for multi-modal connectivity to economic zones, the Visakhapatnam Port Trust (VPT) is all set to take necessary steps to augment infrastructure and services to ease the logistics. Some of the initiatives taken by the port include development of Grade separator from H7 area to Convent Junction, the cargo traffic will be segregated from city traffic so that there will be a smooth movement of cargo traffic towards the port without any hindrance.


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