1. V.Ships Germany and Hamburg School of Business (HSBA) announce strategic collaboration to future proof ESG requirements in the ship financing environment
HSBA, the leading business school in Hamburg, will be assisting V.Ships Germany in a market research project that has the objective to understand current and future ESG requirements of the shipping industry compared to other peer industries and evaluate the value chain analysis of different customers’ profiles. https://cyprusshippingnews.com/2021/11/22/v-ships-germany-and-hamburg-school-of-business-hsba-announce-strategic-collaboration-to-future-proof-esg-requirements-in-the-ship-financing-environment/
2. Synergy Group opens Hamburg office
Synergy Group, one of the world’s leading ship managers, has further expanded its global footprint with the opening of a new office in Germany. Located in the port city of Hamburg, a European maritime hub and a key location for German ship owners, the new office is operated by Synergy Marine Germany GmbH, a subsidiary of the Synergy Group. https://cyprusshippingnews.com/2021/11/22/synergy-group-opens-hamburg-office/
3. ADNOC Logistics & Services tipped to go public
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the state-owned Abu Dhabi National Oil Company (ADNOC) could be floated next year. ADNOC is said to be planning an initial public offering (IPO) in Abu Dhabi, and a deal might be struck after evaluating investor interest and market conditions, Reuters reported, citing two sources familiar with the matter. https://splash247.com/adnoc-logistics-services-tipped-to-go-public/
4. ISWAN looks back on an extraordinary year for seafarers
With calls and messages to its 24-hour helplines more than tripling last year as a direct result of the COVID-19 pandemic, the International Seafarers’ Welfare and Assistance Network (ISWAN) has had a unique insight into the challenges faced by seafarers around the world. https://cyprusshippingnews.com/2021/11/22/iswan-looks-back-on-an-extraordinary-year-for-seafarers/
5. Castor Maritime announces new charter agreements
Castor Maritime, a diversified global shipping company, announces that:
The M/V Magic Nova, a 2010 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 92% of the average of the Baltic Panamax Index 5TC routes1 https://cyprusshippingnews.com/2021/11/22/castor-maritime-announces-new-charter-agreements-2/
6. Container shipping lines smash profits made by Facebook, Amazon, Netflix and Google
Shipping, long castigated for its lack of appeal to millennials and Gen Z, has chalked up an impressive stat to give it some street cred to today’s college graduates. Liner shipping is now earning more dollars than many of the the best known names in Big Tech. https://splash247.com/container-shipping-lines-smash-profits-made-by-facebook-amazon-netflix-and-google/
7. Wakashio’s Owner Limits Liability Over Grounding as Wreck Removal Continues
Okiyo Maritime Corp, the Japanese company which owns the MV Wakashio, filed a motion before the Supreme Court of Mauritius last week to limit the claims arising from the accident at Pointe d’Esny to 719.6 million rupees, the equivalent of $16.6 million. https://gcaptain.com/wakashios-owner-limits-liability-over-grounding-as-wreck-removal-continues/
8. CMA CGM Sails to Top of Carrier Earnings List in Q3
CMA CGM has shot to the top of the Q3 carrier earnings league table, posting a net profit of $5.6bn for the period.
And it said there would be an “even stronger” result to come for the final quarter. The group’s consolidated revenue soared by 89%, compared with the same period of 2020, to $15.3bn, mostly driven by its liner business. https://gcaptain.com/cma-cgm-sails-to-top-of-carrier-earnings-list-in-q3/
9. NE China’s Dongning port suspends certain imports to block spread of COVID-19
Dongning port, a land port in Northeast China’s Heilongjiang Province adjacent to Russia, said it would temporarily suspend the imports of some products, including wine, candy and charcoal, starting from Sunday, in an effort to block the spread of COVID-19 through imported goods. https://www.hellenicshippingnews.com/ne-chinas-dongning-port-suspends-certain-imports-to-block-spread-of-covid-19/
10. California ports seeking to ease container jam
The Port of Los Angeles on Monday was expected to start charging a daily fee of $100 to ocean carriers that deposit goods-laden containers on its docks for each container that overstays its allotted time as the port seeks to clear a bottleneck.
https://www.hellenicshippingnews.com/california-ports-seeking-to-ease-container-jam/