1. Monjasa opens new office in Houston
Following 10 years of presence in Stamford, Connecticut, oil and shipping group Monjasa, now expands further west and joins America’s largest oil and shipping community in Houston, Texas. With an increasing number of customers and suppliers located in Houston, this is a natural next step for Monjasa Americas. Located downtown Houston, this daily presence brings new opportunities to bridge upstream and downstream business relationships as well as offering a new recruitment channel in the US Gulf region. https://cyprusshippingnews.com/2021/11/04/monjasa-opens-new-office-in-houston/
2. DP World Limassol accommodated the Royal Caribbean Jewel of the Seas cruise ship in Limassol port for the last time in 2021
DP World Limassol bid farewell to Royal Caribbean “Jewel of the Seas” for the last time this year, on Saturday, 30 October 2021. On the occasion of the cruise ship’s last departure from Limassol, which has been its home port this year, DP World Limassol’s Interim Operations Manager, Mr. Ernesto Osorio, and Terminal Supervisor, Ms. Katerina Constantinou, exchanged plaques with the captain of Jewel of the Seas, Mr. Anders Bjornar Ingebrigtsen.
3. European Parliament adopts position on cross-border energy infrastructure
On 7 October, the European Parliament adopted its position on the legislative proposal on cross-border energy infrastructure (TEN-E) The TEN-E Regulation aims to achieve cross-border energy cooperation and introduces selection criteria for co-financing energy project of common interest (PCI), such as pipelines and energy storage facilities. As such, the TEN-E Regulation plays an important role in deploying infrastructure for the cross-border trade in hydrogen. https://cyprusshippingnews.com/2021/11/04/european-parliament-adopts-position-on-cross-border-energy-infrastructure/
4. New strategic plan takes North Sea Port’s development as a European port step further
Armed with eight strategic programmes, the port authority is seeking to continue North Sea Port’s development as a European port. It has received the unanimous support of its eight shareholders for its ‘Connect 2025’ strategic plan. The basic principle underlying the strategic plan is that any development of the port must further the goals of economic development and employment, sustainability and climate and a sound financial foundation. The shareholders expect North Sea Port to strike a balance between these three responsibilities. https://cyprusshippingnews.com/2021/11/04/new-strategic-plan-takes-north-sea-ports-development-as-a-european-port-step-further/
5. Shipping makes the case for LNG as it calls for clear regulatory framework
As the shipping industry is looking to decarbonise by using more efficient technologies and lower emission fuels, liquefied natural gas (LNG) has been highlighted as the best starting point to do something in the short term while the sector awaits a more stable regulatory framework that would set it on an ultimate course of moving to new zero-carbon fuels in the future. https://splash247.com/shipping-makes-the-case-for-lng-as-it-calls-for-clear-regulatory-framework/
6. Canadian miner Teck taps Oldendorff to reduce emissions from coal trades
German dry bulk owner Oldendorff Carriers has sealed an agreement with Canadian mining company Teck Resources for the employment of energy efficient bulk carriers aimed at slashing CO2 emissions in the steelmaking coal supply chain. Teck will utilise Oldendorff vessels for coal shipments from the Port of Vancouver to international destinations in a move that is expected to achieve a CO2 emissions reduction between 30 and 40%. https://splash247.com/canadian-miner-teck-taps-oldendorff-to-reduce-emissions-from-coal-trades/
7. OPED- Who Put Gene Seroka In Charge Of National Maritime Policy?
Is the Port of Los Angeles, and its Executive Director Gene Seroka, too big to fail? Last week, U.S. Transportation Secretary Pete Buttigieg moved to inject $5 billion in taxpayer loan money to help alleviate the congestion in the Port of Los Angeles, making this one of the largest government bailouts in maritime history. https://gcaptain.com/gene-seroka-national-maritime-policy/
8. Cargo Ships Are Trying To Avoid Big Ports
Congestion at many of the world’s major ports offered a snapshot of supply chains trying to avoid unprecedented bottlenecks, as cargo handlers searched for the quickest way to route goods through the clogged arteries of global commerce. The number of container ships off China’s largest trade hub, the combined anchorage area of Shanghai-Ningbo, stood at 248 on Friday, 31 less than the April-to-October median, while its smaller neighbor to the north, the regional port of Tianjin, was saddled with 14 waiting container carriers, 11 more than usual. https://gcaptain.com/cargo-ships-avoid-big-ports/
9. Baltic Index Records Worst Week Since July 2020 As Vessel Rates Drop
The Baltic Exchange’s dry bulk sea freight index dipped on Friday, registering its biggest weekly decline since July 2020, pulled lower by weakened rates across vessel segments.
The overall index, which factors in rates for capesize, panamax and supramax vessels, was down 54 points, or 2%, to 2,715, its lowest since June 10. The main index suffered a weekly loss of 22.8%. https://www.shippingtribune.com/news/shipping/Baltic+index+records+worst+week+since+July+2020+as+vessel+rates+drop
10. Achieving 2050 Zero-Emission Shipping: Global Challenges Require Global Solutions
As the world considers the harsh realities highlighted by COP26, INTERCARGO warns that shipowners can deliver the target of net-zero emission shipping by 2050 but only with an acceleration in the commercial development of relevant technologies, fuels, propulsion systems and related infrastructure. https://www.shippingtribune.com/news/shipping/Achieving+2050+zero-emission+shipping%3A++Global+challenges+require+global+solutions