InterManager Daily News 11.10.2021.

1. Sovcomflot IPO named Deal of the Year at Seatrade Awards

PAO Sovcomflot (SCF Group) saw its October 2020 IPO, on the Moscow Exchange, named as ‘Deal of the Year’ at last week’s prestigious Seatrade Awards in association with Lloyd’s List. This award recognises “A significant business deal in the international maritime industry supporting its growth and sustainability”. It was announced, along with other industry award winners, during a live online award ceremony on 3 November 2021. https://cyprusshippingnews.com/2021/11/09/sovcomflot-ipo-named-deal-of-the-year-at-seatrade-awards/

2. Container operators face extra fees in California for container movement delays

Unprecedented congestion is being experienced at the ports of Los Angeles and Long Beach in California due to strains on the US supply chain. The congestion has led to a backlog of containers sitting for extended periods at key terminals in those ports and delays to ships waiting to berth. In response, the Los Angeles and Long Beach Harbor Commissions recently voted to amend their tariffs and impose a ‘Container Excess Dwell Fee’ on ocean carriers for discharged containers sitting at the terminals beyond specified time frames.

https://cyprusshippingnews.com/2021/11/09/container-operators-face-extra-fees-in-california-for-container-movement-delays/

3. New STCW I/10 agreement coincides with confirmation of IMO Whitelist position for The Bahamas

The Bahamas is pleased to announce that it has maintained its position on the IMO Whitelist as the IMO Maritime Safety Committee at its 104 session has confirmed that The Bahamas has given full and complete effect to the STCW 78 Convention. https://cyprusshippingnews.com/2021/11/09/new-stcw-i-10-agreement-coincides-with-confirmation-of-imo-whitelist-position-for-the-bahamas/

4. Maritime cadets to receive further COVID-19 funding as SMarT scheme extended

Maritime cadets will continue to receive COVID-19 funding, with the training scheme extended once more. The Maritime & Coastguard Agency (MCA) has confirmed a further six-month extension to the Maritime Training (SMarT) Fund, for cadets unable to finish their training due to COVID. The scheme had already been extended last year, to mean funding extensions will now be available for up to 12 months in total for each eligible cadet. https://cyprusshippingnews.com/2021/11/09/maritime-cadets-to-receive-further-covid-19-funding-as-smart-scheme-extended/

5. Svitzer takes the methanol route

Towage operator Svitzer, part of Maersk, has moved to develop the world’s first fuel cell tug for harbour operations, running on green methanol. The fuel cell tug will function as a pilot for future Svitzer newbuilds and is planned to be put into operation within the Svitzer Europe region by Q1 2024. https://splash247.com/svitzer-takes-the-methanol-route/

6. Asian shipowners fire broadside at European ETS plans

Further proof of the bitter fault lines emerging in the global green governance of shipping emerged today with an uncharacteristically strongly worded missive from the Asian Shipowners’ Association (ASA), hitting out at the European Union’s plan to include shipping in the bloc’s emissions trading scheme (ETS). https://splash247.com/asian-shipowners-fire-broadside-at-european-ets-plans/

7. White House Looks to Move Quickly on $17 Billion Revamp of U.S. Ports

The White House plans to move quickly on a $17 billion revamp of U.S. ports approved by Congress as part of President Joe Biden’s $1 trillion infrastructure bill. Biden is due to visit the Port Of Baltimore on Wednesday to tout funding for revamping U.S. ports facing huge backlogs. The $17 billion will “improve infrastructure at coastal ports, inland ports and waterways, and land ports of entry along the border,” the White House said. https://gcaptain.com/white-house-looks-to-move-quickly-on-17-billion-revamp-of-u-s-ports/

8. Biden’s Commerce Chief Says Supply Chain Hurdles to Last Well Into 2022

U.S. supply chains will take “some number of months” to normalize next year, and vaccine mandates for companies will help to address the disruptions as more people return to work, President Joe Biden’s commerce chief said. Inflationary pressures are likely to moderate as bottlenecks at ports ease and vaccinations help more people return to the workforce, easing labor shortages, Secretary Gina Raimondo said. https://gcaptain.com/bidens-commerce-chief-says-supply-chain-hurdles-to-last-well-into-2022/

9. Baltic Index Steady As Higher Capesize Rates Offset Dip In Smaller Segments

The Baltic Exchange’s dry bulk sea freight index was little changed on Monday as an uptick in the larger capsize segment countered a dip in the panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose by 3 points, or 0.1%, to 2,718, snapping a 12-session losing streak. The capesize index increased 98 points, or 3%, to 3,378, its second straight session of gains. https://www.shippingtribune.com/news/shipping/Baltic+index+steady+as+higher+capesize+rates+offset+dip+in+smaller+segments

10. ICS – COP26 – Shaping The Future Of Shipping

Excellencies, ladies and gentlemen, It is an honour to address you at the closing ceremony of this important conference.I would like to express my appreciation for this industry initiative bringing leaders together in the sidelines of COP 26 to discuss the future of our vital industry. You are all aware that shipping has historically maintained its position as the most environmentally friendly mode of transport of large quantities of goods. https://www.shippingtribune.com/news/shipping/ICS+–+COP26+–+Shaping+the+Future+of+Shipping

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