1. Great Eastern Shipping Reports Q2 Net At ?223 Crore
Great Eastern Shipping Co Ltd reported a net profit of Rs.223.06 crore in the July-September quarter from Rs.225.44 crore during the corresponding quarter last year. The company’s revenue from operations during the second quarter of FY22 rose to ?885.01 crore from ?774.99 crore in the previous year, as stated in a regulatory filing. The Board of Directors announced a provisional dividend of €4.50 per share to equity shareholders. https://www.shippingtribune.com/news/shipping/Great+Eastern+Shipping+reports+Q2+net+at+%3F223+crore+
2. TotalEnergies allocates €200 Million to equip its Highway Service Stations with High-Power EV Charge Points
“Thanks to the revenue generated from our oil and gas businesses, we can massively invest in electric vehicles charging infrastructures and accelerate our transformation,” underlines Alexis Vovk, President Marketing & Services at TotalEnergies. “Our assertive positioning therefore supports the growth of electric mobility for long-distance travel. The installation of high-power EV charge points in our motorway and expressway service stations in France contributes to the public authorities’ 100,000 Charge Points Plan.” https://cyprusshippingnews.com/2021/10/28/totalenergies-allocates-e200-million-to-equip-its-highway-service-stations-with-high-power-ev-charge-points/
3. International Ship Autonomy and Sustainability Summit on course for Nor-Shipping 2022
Nor-Shipping has confirmed that the Third International Ship Autonomy and Sustainability Summit will take place as part of Nor-Shipping 2022 on 12 January. The day-long summit, which focuses on the very latest technological, business and regulatory developments, will be held at Nor-Shipping’s newly refurbished Nova Studios in Lillestrøm. https://cyprusshippingnews.com/2021/10/28/international-ship-autonomy-and-sustainability-summit-on-course-for-nor-shipping-2022/
4. Zero emissions by 2050 is not enough for most developed countries if planetary warming is to be limited to 1.5 degrees according to DNV
A feasible path to limit planetary warming to 1.5°C requires certain countries and sectors to go below net zero and to do so well before the middle of the century, according to new analysis from the authors of the Energy Transition Outlook. https://cyprusshippingnews.com/2021/10/28/zero-emissions-by-2050-is-not-enough-for-most-developed-countries-if-planetary-warming-is-to-be-limited-to-1-5-degrees-according-to-dnv/
5. First global hydrographic innovation and technology laboratory established in Singapore
Singapore and the International Hydrographic Organization (IHO) have launched the joint IHO-Singapore innovation and technology laboratory today. The Laboratory seeks to optimise the resources of IHO Member States to harness and develop emerging technologies in the hydrographic domain that support safe maritime navigation and the protection of the marine environment. https://cyprusshippingnews.com/2021/10/28/first-global-hydrographic-innovation-and-technology-laboratory-established-in-singapore/
6. U.S Navy Sailor’s Extraordinary Voice On Display At World Series
From Chief Petty Officer Joshua Keim “Breathe, breathe. Don’t mess this up.” That is what Operations Specialist 1st Class Giavanni Walker told herself before her third time performing the national anthem for Major League Baseball’s Houston Astros at Minute Maid Park in her hometown of Houston in 2019. Last night, the 26-year-old Navy recruiter performed the national anthem at the same place ahead of Game 2 of the World Series between the Atlanta Braves and Houston Astros. Before a world-wide television audience, she demonstrated just how much she has grown in a short amount of time as both a singer and a Sailor. https://gcaptain.com/u-s-navy-sailors-extraordinary-voice-display-world-series/
7. Hydrofoil Ferry Concept Design Aims To Increases The Speed And Range Of Electric Ferries
ELECTRA – twice the speed and range of existing electric ferries – has a range of up to 100 nautical miles and cruise speed of 40 knots due to Boundary Layer Technology’s proprietary hydrofoil technology and podded propulsion system. Compared to fossil fuel alternatives, ELECTRA’s battery electric propulsion significantly reduces cabin noise by up to 20dB compared to conventional ferries. It’s foiling system also offers excellent seakeeping and ride comfort. https://gcaptain.com/hydrofoil-ferry-concept-design-aims-to-increases-the-speed-and-range-of-electric-ferries/
8. AET joins Shell, Trafigura and Saudi Aramco to invest in Swiss climate tech startup
Malaysian tanker owner AET has joined a group of investors comprised of Shell, Trafigura and Saudi Aramco to support the Swiss climate tech startup Daphne Technology remove toxic and greenhouse gas emissions from marine fuels. Daphne’s plug-and-play solution is said to break down the pollutants, such as nitrogen oxides, methane and carbon dioxide from the combustion gas of any fuel type, including oil, LNG, biofuels, ammonia, and hydrogen, converting them into non-hazardous by-products. https://splash247.com/aet-joins-shell-trafigura-and-saudi-aramco-to-invest-in-swiss-climate-tech-startup/
9. P&I Clubs in unison with hefty 2022 renewal rate hikes
P&I Clubs are announcing their 2022 renewal plans in greater numbers, and shipping CFOs will need to budget for far greater insurance outlays next year. Splash has already reported on the West of England’s 15% rise announcement, which got the P&I renewal ball rolling with the UK P&I Club following up with a 12.5% rate increase announcement. Following suit are Britannia and Steamship, both opting also for 12.5% increases. https://splash247.com/pi-clubs-in-unison-with-hefty-2022-renewal-rate-hikes/
10. Baltic Index Logs Worst Month Since Jan. 2020 On Waning Demand Across Vessels
The Baltic Exchange’s dry bulk sea freight index dropped on Friday, registering its biggest monthly percentage fall since January 2020, dragged down by a decline in rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 111 points, or 3.1%, to 3,519, its lowest since Aug. 12. https://www.shippingtribune.com/news/shipping/Baltic+index+logs+worst+month+since+Jan.+2020+on+waning+demand+across+vessels
