1. The Shipping Office of the Embassy of Cyprus in Athens in constant consultation with the Shipping Community
The Shipping Office of the Embassy of Cyprus in Athens, organized on Thursday, November 18, 2021 in Athens an event in the context of continuous information and consultation with the shipping community. The participants had the opportunity to be informed by officials of the Cyprus Shipping Ministry about the long-term strategy of the Cyprus Shipping “SEAchange2030”, while the proposals submitted by the European Commission for the decarbonisation of shipping were discussed and analysed, which are included in the general package of proposals “Fit for-55” in order to achieve climate neutrality by 2050. https://cyprusshippingnews.com/2021/11/19/the-shipping-office-of-the-embassy-of-cyprus-in-athens-in-constant-consultation-with-the-shipping-community/
2. New report examines sea-based sources of marine litter
The sources and impact of sea-based marine litter form the focus of a new report by the Group of Experts on the Scientific Aspects of Marine Environmental Protection (GESAMP), an advisory body to the United Nations sponsored by ten UN entities including IMO*. The report, which can be downloaded here, outlines the various sources of marine litter and the impact and assesses the current availability of data and identifies knowledge gaps for the main categories of sea-based sources of marine plastic litter. The Working Group was established by GESAMP, on the request of IMO, Food and Agriculture Organization (FAO), and United Nations Environment Programme (UNEP). https://cyprusshippingnews.com/2021/11/19/new-report-examines-sea-based-sources-of-marine-litter/
3. Maersk issues first green bond to fund first green methanol vessels
This 10-year, €500 million, green bond comes under the umbrella of Maersk´s Green Finance Framework and has met a final order book of €3.7bn. The transaction priced at coupon of 0.75%, lowest annual interest ever for Maersk. A.P. Moller – Maersk (Maersk) has launched its Green Finance Framework designed to allow the company to issue a variety of sustainable financing instruments which may include bonds, loans, project finance and other instruments. https://cyprusshippingnews.com/2021/11/19/maersk-issues-first-green-bond-to-fund-first-green-methanol-vessels/
4. Fuel switch cuts greenhouse gases at Port of Long Beach
SSA Marine (SSA), which operates three container terminals at the Port of Long Beach, has become the first terminal operator at the port to transition its fossil-fueled cargo-handling equipment fleet to renewable diesel fuel. The move is expected to achieve a 68% reduction in greenhouse gas emissions across SSA’s Long Beach terminals. https://cyprusshippingnews.com/2021/11/19/fuel-switch-cuts-greenhouse-gases-at-port-of-long-beach/
5. Russia presses ahead with new large Baltic port complex
Russia’s federal agency FSUE Rosmorport and Primorsky Universal Transshipment Complex (Primorsky UPK) have signed a deal to move forward with the development of a large deepwater universal port complex, said to be the largest investment project on the Baltic Coast of the Russian Federation. Located in the Vyborg district of the Leningrad region, the Primorsky transshipment complex will be the first deepwater port in the Baltic basin capable of handling bulkers, general cargo and roro vessels of up to 150,000 dwt as well as 23,000 teu containerships of up to 200,000 dwt. https://splash247.com/russia-presses-ahead-with-new-large-baltic-port-complex/
6. Shipping singled out again for its lack of diversity in leadership positions
Barely one in four c-suite positions in shipping are held by women, a major new study reveals this week. The Diversity Study Group’s latest shipping survey polled more than 3,000 people across the world covering many strands of the business including owners, operators, managers and charterers. https://splash247.com/shipping-singled-out-again-for-its-lack-of-diversity-in-leadership-positions/
7. Yara Debuts Yara Birkeland, the World’s First Autonomous and Emission-Free Containership
Norwegian fertilizer producer Yara has debuted its long-awaited Yara Birkeland, the world’s first electric and autonomous container ship for emission-free shipping. The ship departed for its maiden voyage Friday in the Oslo fjord. Norwegian Prime Minister Jonas Gahr Støre, along with Minister of Fisheries and Ocean Policy Bjørnar Skjæran, were on hand to tour the ship following its arrival in Oslo. https://gcaptain.com/yara-birkeland-worlds-first-autonomous-zero-emission-ship/
8. Port Of Vancouver Which Is Already In A State Of Emergency Braces For More Rain
Vancouver, Canada’s third-largest city, is bracing for more rain after deadly floods last week left residents of Southwest British Columbia under fuel rationing and travel restrictions. As much as 30 to 40 millimeters (1.2 to 1.6 inches) of rain is expected in the areas already recovering from a so-called once-in-a-century storm that washed away chunks of highways and closed the tracks of Canada’s two major railways, Mike Farnworth, the deputy premier of British Columbia, said Saturday. At least four people died after a mudslide. https://gcaptain.com/port-of-vancouver-in-a-state-of-emergency-braces-more-rain/
9. Baltic Index Jumps; Panamaxes Post Worst Week Since Early 2019
The Baltic Exchange’s dry bulk sea freight index jumped on Friday, but posted a weekly drop with the panamax index suffering its steepest weekly decline since February 2019.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 98 points, or 4%, to 2,552. For the week, the main index has lost 9.1%, registering its fifth weekly decline in six. It hit a more than five-month low on Wednesday. https://www.shippingtribune.com/news/shipping/Baltic+index+jumps%3B+panamaxes+post+worst+week+since+early+2019
10. Saudi Arabia’s Crude Oil Exports Hit Eight-Month High In September
Saudi Arabia’s crude oil exports in September rose for a fifth month in a row to their highest since January, the Joint Organisation Data Initiative (JODI) said on Thursday. The kingdom’s crude oil exports rose to 6.516 million barrels per day (bpd) in September, up from 6.450 million bpd in August. Total exports including oil products stood at 7.84 million bpd. The world’s largest oil exporter’s crude output rose by 100,000 bpd month on month to 9.662 mln bpd in September, its highest since April 2020. https://www.shippingtribune.com/news/shipping/Saudi+Arabia’s+crude+oil+exports+hit+eight-month+high+in+September
