1. Seaspan Nears 2 Million TEU Total After US$1 Billion Order
HONG KONG’s Seaspan Corp has ordered ten 7,000-TEU vessels, taking its order book from the past ten months to 70 ships, with a total capacity of 839,000 TEU, nearing its two million TEU capacity goal, reports London’s Loadstar. The portfolio includes two 24,000-TEU Ultra Large Container Vessels (ULCV), and twenty-five 7,000-TEU ships, with 15 dual-fuel liquefied natural gas (LNG) powered.
2. Pelagic Partners on course for growth in partnership with Interorient Shipmanagement
On October 11, ship owning fund Pelagic Partners in partnership with Cypriot outfit Interorient Shipmanagement took delivery of the MR2 product tanker Star Osprey. The vessel, built in 2007, will join the Norient Product Pool. The price was below recent averages and competitive especially with regards to the very low order book. https://cyprusshippingnews.com/2021/10/18/pelagic-partners-on-course-for-growth/
3. Signing ceremony for the Memorandum of Understanding on Electricity Cross-Border Interconnection between Cyprus and Egypt
The Minister of Energy, Commerce and Industry of the Republic of Cyprus, Ms Natasa Pilides, and the Minister of Electricity and Renewable Energy of the Arab Republic of Egypt, Dr Mohamed Shaker El – Markabi, met today, Saturday October 16th 2021, and signed a Memorandum of Understanding (MoU) on cooperation in relation to Electricity Cross-Border Interconnection between Cyprus and Egypt Transmission Networks. https://cyprusshippingnews.com/2021/10/17/signing-ceremony-for-the-memorandum-of-understanding-on-electricity-cross-border-interconnection-between-cyprus-and-egypt/
4. MOL Tabletop Drill prepares for serious marine accident
MOL announced that it conducted a tabletop drill based on simulation of a serious marine accident involving an MOL-owned crude oil tanker, with objectives to confirm its emergency response system in preparation for serious marine accidents. MOL has conducted the drill in face to face, but based on the current situation that remote work has increased, confirmed smooth cooperation and information gathering among concerned parties by using online tools for in-house meetings and simulated press conference. https://cyprusshippingnews.com/2021/10/18/mol-tabletop-drill-prepares-for-serious-marine-accident/
5. 6-year review of recreational boating fatalities released by Maritime New Zealand
The importance of wearing a lifejacket on a boat and planning for the unexpected has been highlighted in a report evaluating the key contributing factors into 92 recreational boating accidents between January 2015 and December 2020. The accidents claimed 98 lives between them.
The report released by Maritime New Zealand catalogues a significant number of on-water fatalities, many of which were preventable. Sharyn Forsyth, Maritime NZ Deputy Director and Chair of the Safer Boating Forum, says the report makes for sombre reading. https://cyprusshippingnews.com/2021/10/18/6-year-review-of-recreational-boating-fatalities-released-by-maritime-new-zealand/
6. Barbara Melvin to head South Carolina Ports as Jim Newsome retires
Jim Newsome, president and CEO of the South Carolina Ports Authority, announced during a State of the Port address yesterday that he will retire at the end of June 2022 and will serve as an executive advisor for a year following his retirement. Newsome also announced that the port’s board has named Barbara Melvin, currently the SCPA’s COO, to take over effective July 1. Melvin has worked at the Ports Authority for 23 years and was appointed COO in January 2019. https://splash247.com/barbara-melvin-to-head-south-carolina-ports-as-jim-newsome-retires/
7. Marlow Navigation and Clearwater in tanker management tie-up
Marlow Navigation of Cyprus and Dutch-based Clearwater Ship Management have joined forces, intensifying and expanding their cooperation in management services for tanker vessels. Marlow said the new partnership provides each company the ability to leverage additional expertise and resources to provide specialised and fully-fledged solutions. https://splash247.com/marlow-navigation-and-clearwater-in-tanker-management-tie-up/
8. FMC Calls On Ocean Carriers to Adopt Best Practices on Detention and Demurrage
The U.S. Federal Maritime Commission is formally urging the world’s top ocean carriers to adopt a set of best practices related to when and how detention and demurrage fees are applied, as well as how to dispute the charges. The request was made by letter from FMC Managing Director Lucille Marvin to 25 container shipping companies and the World Shipping Council, the trade association representing liner companies, following a Vessel-Operating Common Carrier (VOCC) audit into detention and demurrage practices among the world’s top shipping companies calling in the U.S. https://gcaptain.com/fmc-calls-on-ocean-carriers-to-adopt-best-practices-on-detention-and-demurrage/
9. Global Piracy Incidents Fall to Lowest Level in Decades, IMB Says
Reported incidents of piracy and armed robbery at sea fell to the lowest recorded number in nearly three decades in the first nine months of 2021, according to the ICC International Maritime Bureau (IMB). IMB’s latest global quarterly piracy report showed 97 incidents of piracy and armed robbery were reported worldwide to the IMB’s Piracy Reporting Centre (PRC), including 85 vessels boarded, nine attempted attacks, two vessels fired upon and one vessel hijacked. The represents the the lowest level of reported incidents since 1994, the IMB said. https://gcaptain.com/global-piracy-incidents-fall-to-lowest-level-in-decades-imb-says/
10. Baltic Index Falls For 7th Day As Capesizes Drag
The Baltic Exchange’s dry bulk sea freight index extended losses for a seventh straight session on Monday, as a drop in capesize rates offset gains in the smaller vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell by 122 points, or 2.5%, to 4,732. The capesize index fell 409 points, or 5.3%, to 7,358, its lowest since Sept. 22. Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, fell $3,391 to $61,026.