1. RightShip eyes zero harm maritime sector with new Singapore innovation hub
18th November 2021, RightShip, the world’s biggest third-party maritime risk assessment and due diligence organisation, strengthens its presence in Asia-Pacific (APAC) by announcing the opening of its Singapore office. This new space will be an innovation hub to deliver zero harm solutions, housing key leadership functions including the product and innovation team, headed up by Chris Saunders, Chief Product Officer. Situated in downtown CBD, the office has the capacity to host 28 employees, with a view to expand recruitment in the region further. https://cyprusshippingnews.com/2021/11/19/rightship-eyes-zero-harm-maritime-sector-with-new-singapore-innovation-hub/
2. First clients for the SWM platform aimed at generating carbon credits
First market results for the new Sea World Management platform recently established to offer carbon credits to ship charterers. Last week, during the start session of Cop26, already well established clients of the Monaco based group have placed the first investment in the company’s new carbon credit platform. This investment, the first entry through the system set up by SWM, has been made in the European market with one of the platform partners and the company hopes other operators will follow the same strategy in the coming days. https://cyprusshippingnews.com/2021/11/19/first-clients-for-the-swm-platform-aimed-at-generating-carbon-credits/
3. Danfoss partners with Zhenjiang Shipyard to accelerate the electrification of China’s marine industry
The agreement between Danfoss China and Zhenjiang Shipyard is directly aligned with China’s strategy to boost green shipping and will see the two companies partner to further enhance Zhenjiang Shipyard’s hybrid tugboats, the star vessel of the business’ portfolio. With an average of 30 tugboats delivered annually, Zhenjiang Shipyard is the biggest tugboat shipyard in China. https://cyprusshippingnews.com/2021/11/19/danfoss-partners-with-zhenjiang-shipyard-to-accelerate-the-electrification-of-chinas-marine-industry/
4. LNG carrier spot rates hit new all-time highs
LNG carrier spot rates have hit new all-time highs on the Pacific. Rates for ships hauling gas from Australia to Japan hit $335,000 per day on Friday, according to data from Spark Commodities as East Asia braces for a cold winter ahead. Japan’s wholesale spot power price surged today to the highest level ever for this time of year. Rates in the Atlantic are around $250,000 per day as Europe continues to restock gas inventories ahead of colder weather.
5. Lars Christiansen takes top job at CU Lines
Liner veteran Lars Christiansen has been appointed co-CEO at one of this year’s fastest growing carriers, China United Lines (CU Lines). Christiansen, whose career includes stints at Maersk, United Arab Shipping Co and Hapag-Lloyd, joins CU Lines as it emerges from its Chinese roots to become a fully fledged global carrier. CU Lines has added many intra-Asia services this year as well as entering the transpacific, Asia-Europe and Middle East trades. https://splash247.com/lars-christiansen-takes-top-job-at-cu-lines/
6. Offshore sector sees fleet shrink
Despite a significant increase in the global shipping fleet over the previous five years, the offshore sector has seen vessel numbers decline as demand remained more constrained and poor markets encouraged removals. According to the most recent Clarksons Research data, the mobile offshore fleet as a whole is presently 59 units fewer than it was in 2017. The most dramatic decreases in numbers have occurred in the sectors most exposed to exploration and appraisal. https://splash247.com/offshore-sector-sees-fleet-shrink/
7. France Is Prepared To Help Their Fishermen If They Don’t Obtain Licenses From U.K.
—France will continue supporting its fishermen as talks with the U.K. on post-Brexit fish licenses drag on, according to Gabriel Attal, the spokesman for the French government.
“As long as the talks go on and our fishermen aren’t given all the licenses requested and that they are owed, it’s clear we need to accompany them,” Attal said in an interview on Europe 1 radio on Sunday. https://gcaptain.com/france-is-prepared-to-help-fishermen-if-they-dont-obtain-licenses-from-u-k/
8. Philippines Will Attempt Second Resupply Mission As U.S. Warns China To Not Interfere Again
The Philippines’ defense chief said on Sunday a military resupply mission for the country’s troops stationed on an atoll in the South China Sea will resume this week, after it was aborted last week when it was blocked by Chinese coast guard. Defense Secretary Delfin Lorenzana said he had instructed the military to send its resupply vessels back to the Philippines-occupied Second Thomas Shoal, and that China “will not interfere” this time. https://gcaptain.com/philippines-will-attempt-second-resupply-mission-as-u-s-warns-china-to-not-interfere-again/
9. CMA CGM’s Earnings Soar On Shipping Rush
Shipping group CMA CGM on Friday reported a surge in third-quarter earnings and said it expected an even stronger performance for the end of the year as intense demand kept freight rates high and container capacity stretched. French-based CMA CGM, one of the world’s largest container lines, said net profit rose to $5.6 billion in the third quarter from $567 million in the same period last year, while core EBITDA earnings rose to $7.1 billion from $1.7 billion. https://www.shippingtribune.com/news/shipping/+CMA+CGM%27s+Earnings+Soar+on+Shipping+Rush
10. Anchoring Awareness Revisited
A growing number of anchor losses, anchor dragging, and anchor removal cases prompted DNV, Gard and The Swedish Club to collaborate on an anchor loss awareness campaign back in 2016. Despite the awareness raised then on the most frequent technical and operational issues, we are today still seeing an increase in cases. Might there be some new reasons for the increase in anchor loss and dragging incidents? https://www.shippingtribune.com/news/shipping/Anchoring+awareness+revisited