1. Columbia Shipmanagement environmental efforts acknowledged with National Enviro Award
CSM is honoured to accept the 2020 Environmental Keeper Gold Award from the Pancyprian Environmental Awards for Organizations and Businesses. This award reflects CSM’s commitment to promoting and implementing sustainability locally and globally in the maritime industry. The award was presented by Professor Costas Kadis, Minister of Agriculture, Rural Development and the Environment to CSM Environmental & Energy Officer George Charalambous at a ceremony in Nicosia.
2. ICS and IMO meet with green climate fund to discuss the provision of up to $1.5 million to accelerate zero carbon R&D fund
Meeting in the margins of the Shaping the Future of Shipping conference in Glasgow, the Deputy Executive Director of the Green Climate Fund, the Secretary General of the International Maritime Organization, and the Secretary General of the International Chamber of Shipping met to discuss funding options for the proposed ‘IMO Maritime Research Fund’ (IMRF).
3. IMO Council sets International Day for Women in Maritime
Once adopted by the IMO Assembly in December 2021, the observance will celebrate women in the industry, promote the recruitment, retention and sustained employment of women in the maritime sector, raise the profile of women in maritime, strengthen IMO’s commitment to Sustainable Development Goal 5 (gender equality) and support work to address the current gender imbalance in maritime. https://cyprusshippingnews.com/2021/11/11/imo-council-sets-international-day-for-women-in-maritime/
4. San Marino nominates permanent representative to the IMO
The Republic of San Marino has appointed Admiral Giampaolo Bensaia as the new Permanent Representative to the International Maritime Organisation (IMO), after the country established its new international shipping registry in 2021. On November 9th, Admiral Bensaia has been introduced by Secretary of State for Foreign Affairs Luca Beccari to the Most Excellent Captains Regent for the swearing-in ceremony. https://cyprusshippingnews.com/2021/11/11/san-marino-nominates-permanent-representative-to-the-imo/
5. The shipping carryouts from COP26
From the chilly, grey surroundings of Glasgow, the United Nations packs up its climate summit, COP26, today, ready to head to the sunnier climes of Sharm el-Sheik on the Red Sea next year. Negotiators have just hours left to push nations to ratchet up their efforts to keep global temperatures from rising by more than 1.5 degrees Celsius this century compared with pre-industrial times. https://splash247.com/the-shipping-carryouts-from-cop26/
6. Chinese player makes swift profit on first ship acquisition
Beijing-based Solebay has turned its recent shipowning entry into gold.
Six months ago the Chinese bulker player made headlines for its entry as a shipowner, after sealing the highest bid on a ship sold by Greathorse International Ship Management via auction, taking the 2011-built cape Tiger Liaoning, now Cape Spring, for $21m. https://splash247.com/chinese-player-makes-swift-profit-on-first-ship-acquisition/
7. Shipping Logjam Is Forcing Major Companies To Rethink Their Manufacturing Hubs In Asia
Major clothing and shoe companies are moving production to countries closer to their U.S. and European stores, smarting from a resurgence in cases of the Delta variant of the coronavirus in Vietnam and China that slowed or shut down production for several weeks earlier this year. The disclosures come amid a massive shipping logjam that is driving up costs and forcing companies to rethink their globe-spanning supply chains and low-cost manufacturing hubs in Asia. https://gcaptain.com/shipping-logjam-forcing-companies-rethink-manufacturing-hubs-in-asia/
8. Ukraine Speeds Up Construction Of Naval Base To Prevent Russia From Taking Control Of Sea Of Azov
Ukraine said on Saturday it would speed up the construction of a naval base at the port of Berdyansk to prevent what Kyiv calls a gradual attempt by Moscow to take control of the Sea of Azov that flows past Russian-annexed Crimea. Ukraine’s newly-appointed defence minister announced the plans after a trip to Berdyansk that followed Western warnings this week about Russian troop movements near Ukraine’s borders and a possible attack. https://gcaptain.com/ukraine-speeds-up-construction-of-naval-base-to-prevent-russia-from-taking-control-of-sea-of-azov/
9. Baltic Index Records First Weekly Gain In Five As Capesizes Strengthen
The Baltic Exchange’s dry bulk sea freight index eased on Friday, but posted its first weekly rise in five weeks, helped by stronger rates for the larger capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax vessels, was down 37 points, or 1.3%, at 2,807. The main index gained 3.4% for the week. The capesize index eased 36 points, or 0.9%, to 3,836, snapping a five-session winning streak. However, it saw a weekly gain of 17%. https://www.shippingtribune.com/news/shipping/Baltic+index+records+first+weekly+gain+in+five+as+capesizes+strengthen
10. Hapag-Lloyd Achieves Extraordinary Strong Result In First Nine Months Of 2021
Hapag-Lloyd has concluded the first nine months of 2021 with an EBITDA of USD 8.2 billion (EUR 6.8 billion). The EBIT was also much higher than in the prior-year period, at USD 6.9 billion (EUR 5.8 billion). At the same time, the Group profit improved to USD 6.7 billion (EUR 5.6 billion). https://www.shippingtribune.com/news/shipping/Hapag-Lloyd+achieves+extraordinary+strong+result+in+first+nine+months+of+2021