1. Gazprom expanding production and use of liquefied natural gas
It was noted that the Company’s work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies to domestic consumers. https://cyprusshippingnews.com/2021/11/24/gazprom-expanding-production-and-use-of-liquefied-natural-gas/
2. Realisation of interconnections to energy islands in the North Sea and in the Baltic Sea moves a big step closer
Commitment to cross-border connections is needed for energy islands in the North Sea and the Baltic Sea to provide the greatest possible value. The connections will boost large-scale, offshore electricity generated by wind turbines in the European electricity system, replacing fossil energy to a great degree. Today, connections from the Danish energy islands to Belgium and Germany moved a big step closer. https://cyprusshippingnews.com/2021/11/24/realization-of-interconnections-to-energy-islands-in-the-north-sea-and-in-the-baltic-sea-moves-a-big-step-closer/
3. Cameron McNatt joins Net Zero Technology Centre Industry Panel
Mocean Energy Managing Director Cameron McNatt has joined the Industry Panel of the Net Zero Technology Centre – tasked with informing the Centre’s board on the trends and opportunities a low carbon future will bring. The industry panel is made up of experts to provide input, feedback and advice to the board, to help the Net Zero Technology Centre develop and deploy technology for an affordable net zero North Sea. https://cyprusshippingnews.com/2021/11/24/cameron-mcnatt-joins-net-zero-technology-centre-industry-panel/
4. Five sustainability questions your supply chain strategy should be asking about shipping
Bill Gates has taught us to ask five questions about any climate solution to assess if it is worth the investment. By applying a few tweaks to Gates’ framework, the test can be applied to almost any given supply chain to ask the question – is changing your strategy in favor of low-carbon shipping worth the effort? https://cyprusshippingnews.com/2021/11/24/five-sustainability-questions-your-supply-chain-strategy-should-be-asking-about-shipping/
5. 3D printed spare parts move a step closer with US class approval
3D printing, also known as additive manufacturing, has moved one step closer to becoming a reality in the marine industry after successful onboard testing on an oil tanker. The innovative project, involving American class society ABS, ConocoPhillips Polar Tankers, Sembcorp Marine and 3D Metalforge started in February 2021 with the fabrication and lab-testing of functional 3D printed parts, which were then installed on board the 2011-built suezmax tanker Polar Endeavour. https://splash247.com/3d-printed-spare-parts-move-a-step-closer-with-us-class-approval/
6. Shell, Centrica and Danske Commodities seal power deal from world’s largest offshore wind farm
SSE Renewables and Equinor, the joint venture partners in the 3.6 GW Dogger Bank wind farm in the North Sea, have signed a 15-year offtake power purchase agreements (PPAs) for the third phase of the world’s largest offshore wind farm. Separate PPAs for a total of 1.2 GW for Dogger Bank C have been struck with sponsor offtakers Danske Commodities with a 40% share on behalf of Equinor and SSE Energy Supply, as well as a 20% share on behalf of SSE Renewables. https://splash247.com/shell-centrica-and-danske-commodities-seal-power-deal-from-worlds-largest-offshore-wind-farm/
7. Toymaker’s ‘War Room’ Goes 24/7 To Secure Spots On Containers And Ships
The journey of Tonka’s Mighty Dump Truck toy from its Asian factory to U.S. stores offers a window into what it takes for a small toymaker to survive 2021.
What used to cost $2 to transport the classic toy by boat from China to Los Angeles is now up to $12, representing half the sticker price. That’s eating into profits for its manufacturer, Basic Fun, a Florida-based midsize firm that’s been preparing for battle this holiday season.
8. Coast Guard Honors Ralph Berry, First African American Diver
The Coast Guard honored Ralph Berry, the service’s first African American diver, Tuesday, in a ceremony at Coast Guard Air Station Elizabeth City, North Carolina. In 1979, Berry became the first African American to graduate from the Navy Dive and Salvage Center in Panama City, Florida. He was assigned to the Atlantic Strike Team in Elizabeth City, and dove on the sunken Coast Guard Cutter Blackthornin 1980. Berry was also attached to the Coast Guard Cutter Basswood in Guam, and the Coast Guard Cutter Sassafras in Hawaii.
9. Baltic Index Gains For Fourth Day As Vessel Rates Firm
The Baltic Exchange’s dry bulk sea freight index rose for a fourth straight session on Tuesday to its highest level in a week as rates rose across its vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 70 points, or 2.7%, to 2,715 points. The capesize index rose 171 points, or 4.4%, to 4,055, its highest in more than three weeks. https://www.shippingtribune.com/news/shipping/Baltic+index+gains+for+fourth+day+as+vessel+rates+firm
10. 2022 Outlook: Shipbuilding: Shift Towards Green Ship Technologies
Taking a mid/long-term view, we maintain a Positive stance towards the shipbuilding sector. The sector is expected to see healthy new orders next year. In 1H22, LNGC orders from Qatar are expected, and in 2H22, the tanker segment should recover. While containership order placement is to shrink y-y in 2022, the figure should still remain above the past average. Margins should improve in line with higher ASPs. https://www.shippingtribune.com/news/shipping/2022+Outlook%3A+Shipbuilding%3A+Shift+towards+Green+Ship+Technologies