1. Navigating The Challenges Of The Suez Canal
It requires a raft of complex bureaucratic approvals, timely logistics, tight scheduling and close monitoring to ensure the smooth transit of between 50 and 70 ships daily along the narrow Egyptian waterway that is a vital artery for the flow of world trade.“Nothing can be left to chance and there is no room for delay as this can prove costly for the shipowner,” says Aziz Nabil, operations manager for Inchcape Shipping Services Egypt (pictured right). https://www.shippingtribune.com/news/shipping/Navigating+the+challenges+of+the+Suez+Canal
2. Monjasa joins Athens’ shipping community
Oil and shipping group, Monjasa, experiences an increasing demand across the Mediterranean following its market entrance with a permanent office in Limassol, Cyprus in 2016. A new daily presence in the neighbouring Greek capital therefore comes as a natural next step to further broaden its Mediterranean horizons. https://cyprusshippingnews.com/2021/11/23/monjasa-joins-athens-shipping-community/
3. Ardmore Shipping joins COP26 event to address shipping’s decarbonisation strategy
Ardmore Shipping participated in the International Chamber of Shipping (ICS) “Shaping the Future of Shipping” conference, a one day event held in conjunction with COP26 in Glasgow. The event brought together shipping industry leaders, alongside government attendees and other stakeholders to address the key strategic issues in shipping’s rapidly evolving decarbonization journey. https://cyprusshippingnews.com/2021/11/23/ardmore-shipping-joins-cop26-event-to-address-shippings-decarbonisation-strategy/
4. Average shipping container prices decline at ports of Los Angeles, Long Beach, logjam still unabated
Container xChange, the world’s leading tech company for container trading and leasing published container prices and availability data across the key ports of the United States. As majority of ports at the United States struggle to process the soaring flow of inbound containers, the average shipping container prices fell in the month of October by an average of 10% at the ports of LA, LB and more recently the port of Savannah too. https://cyprusshippingnews.com/2021/11/23/average-shipping-container-prices-decline-at-ports-of-los-angeles-long-beach-logjam-still-unabated/
5. NYK conducts successful Biofuel Trial on Vessel transporting Tata Steel Cargo
The bulk carrier Frontier Sky, which is owned by NYK and operated by Tata NYK Shipping Pte. Ltd., has conducted a trial use of biofuel to transport cargo provided by Tata Steel Limited, the major steel manufacturer in India. This is the third successful trial use of biofuel by an NYK vessel. https://cyprusshippingnews.com/2021/11/23/nyk-conducts-successful-biofuel-trial-on-vessel-transporting-tata-steel-cargo/
6. Bureau Veritas hit by cyber attack
French class society Bureau Veritas (BV) has reported a cyber attack that forced the company to temporarily take its servers and data offline. A preventive move was made in order to protect the clients and the company while further investigations and corrective measures are in progress. Bureau Veritas said that as a result, partial unavailability or slowdown of its services and client interfaces can be expected. https://splash247.com/bureau-veritas-hit-by-cyber-attack/
7. Diana Shipping seals cape charter with C Transport Maritime at bumper rate
Greek bulker owner Diana Shipping has entered into a time charter contract with Monaco’s C Transport Maritime for the 2007-built capesize Semirio. The New York-listed company has fixed the 174,261 dwt ship through to between August 15, 2023 and November 15, 2023 at a rate of $19,700 per day. The charter is expected to commence on December 9, 2021. https://splash247.com/diana-shipping-seals-cape-charter-with-c-transport-maritime-at-bumper-rate/
8. Tanker Master’s Fatigue Cited in $73 Million Marine Accident
A tanker operating company’s decision to change masters without a handover period led to a $72.9 million marine accident off the coast of Louisiana, according to a National Transportation Safety Board Marine Accident Brief issued Tuesday. https://gcaptain.com/tanker-masters-fatigue-cited-in-73-million-marine-accident/
9. Hapag-Lloyd’s Rerouted Container Service Makes First Call at JAXPORT
Hapag-Lloyd’s European-US container service made its inaugural visit to the Jacksonville Port Authority (JAXPORT) over the weekend. The shipping line’s Atlantic Loop 3 (AL3) is calling JAXPORT’s TraPac Container Terminal at Dames Point for at least the next eight weeks to avoid congestion at the Port of Savannah. https://gcaptain.com/hapag-lloyds-rerouted-container-service-makes-first-call-at-jaxport/
10. Gains In Bigger Vessels Lift Baltic Index To 1-Week High
The Baltic Exchange’s dry bulk sea freight index climbed to its highest in a week on Monday, helped by improved rates for the larger capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 93 points, or 3.6%, to 2,645 points, rising for a third straight session. The capesize index rose 274 points, or 7.6%, to its highest in three weeks at 3,884. https://www.shippingtribune.com/news/shipping/Gains+in+bigger+vessels+lift+Baltic+index+to+1-week+high
