1. A Tale of Two Cities: 2021 Dry and Tanker Market Analysis
Using Signal Ocean data, Signal Group has analysed the trends and changes across the major vessel sizes in the dry and tanker freight market for 2021. This report provides data on demand, supply and how the latest developments determined the performance of vesselsâ earnings. The year to date evolution in supply and demand paves the way for the stronger or weaker performance of freight rates in parallel with the global changes in the macroeconomic environment and the challenges arising from the growth of the worldâs second largest economy: China. Source: https://www.thesignalgroup.com/newsroom/a-tale-of-two-cities-2021-dry-and-tanker-market-analysis
2. UAE Ports, Customs and Free Zone Corporation adopts 4.5-day working week
The Ports, Customs and Free Zone Corporation (PCFC) has announced that starting from 1st January, 2022, there will be a change in the official working system at its offices and customer happiness centres. The new working days will be from Monday to Friday, with the extension of the weekly holiday to be on Saturday, Sunday and half-a-day of Friday, in line with the Dubai Governmentâs resolution, which is in accordance with the new system of the Federal Government. https://cyprusshippingnews.com/2021/12/30/uae-ports-customs-and-free-zone-corporation-adopts-4-5-day-working-week/
3. Panama recovers 10.4 Million Dollars in wages due to the seafarers by means of the PMA
The Panama Maritime Authority (PMA) informs that from July 1, 2019 until December 27, 2021, they have achieved the historic recovery of USD$ 10,447,142.25 in wages due by the shipowners to the seafarers, navigating onboard ships of Panamanian flag. From this record amount, USD$ 7,660,455.55 correspond to 2021, representing an increase of 279% regarding the closing of 2020, that was of USD$ 2,021,691.29. https://cyprusshippingnews.com/2021/12/30/panama-recovers-10-4-million-dollars-in-wages-due-to-the-seafarers-by-means-of-the-pma/
4. Riga port companies continue to invest in infrastructure and technology
The largest stevedoring company operating at the Freeport of Riga, Riga Universal Terminal (RUT), is optimistic about next year and is planning to invest up to 4 million euros in new equipment, construction of cargo areas and technological solutions. At the same time, the company plans to increase the handled cargo volume by 5%, as well as to attract additional cargo in the frozen food and agricultural products segment. https://cyprusshippingnews.com/2021/12/30/riga-port-companies-continue-to-invest-in-infrastructure-and-technology/
5. SCFI breaks through 5,000 points for the first time
The Shanghai Containerized Freight Index (SCFI), a bellwether of the box spot markets, broke through the 5,000 mark for the first time in its history on Friday, ushering in 2022 with ever greater fortunes for liner operators. The index climbed 91 points to 5,047, roughly five times higher than its historical average. It broke through the 4,000 barrier in July last year for the first time ever, hitting a brief plateau at the start of autumn before rising again over the past six weeks. https://splash247.com/scfi-breaks-through-5000-points-for-the-first-time/
6. 2022 forecast to be a big year for maritime hiring
With much of the shipping workforce returning to work this week after the Christmas break there is an inevitable peak in interest for a change in career. Maritime recruitment specialists are predicting that this year will be a very big one for hiring.Mark Charman, CEO of recruitment firm Faststream, told sister title Splash Extra last month: âI believe early 2022 will see unprecedented levels of hiring and it will be very much a candidate driven market.â https://splash247.com/2022-forecast-to-be-a-big-year-for-maritime-hiring/
7. NASA Supported Study Confirms Southern Ocean Is Absorbing Carbon
Story by Sofie Bates, NASAâs Earth Science News Teamâ New observations from research aircraft indicate that the Southern Ocean absorbs more carbon from the atmosphere than it releases, confirming that it is a strong carbon sink and an important buffer for the effects of human-caused greenhouse gas emissions.Previous research and modeling had left researchers uncertain about how much atmospheric carbon dioxide (CO2) gets absorbed by the chilly waters circling the Antarctic continent. https://gcaptain.com/nasa-supported-study-confirms-southern-ocean-is-absorbing-carbon/
8. Tesla Surmounts Supply Chain Woes With Record Quarterly Deliveries
Tesla Inc on Sunday reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production. It was the sixth consecutive quarter that the worldâs most valuable automaker posted record deliveries.
Tesla, led by billionaire CEO Elon Musk, delivered 308,600 vehicles in the fourth quarter, far higher than analystsâ forecasts of 263,026 vehicles. https://gcaptain.com/tesla-surmounts-supply-chain-woes-with-record-quarterly-deliveries/
9. Suez Canal Revenues Rise $6.3 Billion In 2021
Egypt’s Suez Canal revenues hit an all-time high in 2021 of $6.3 billion, versus $5.6 billion in 2020, canal spokesperson George Safwat said on Sunday. Some 20,694 ships transited the canal in 2021, against 18,830 in 2020, a 10% increase, he added. https://www.shippingtribune.com/news/shipping/+Suez+Canal+Revenues+Rise+%246.3+Billion+in+2021
10. Adani Ports Moves HC Challenging A Deendayal Port Tender
Adani Ports and Special Economic Zone Ltd (APSEZ) has challenged its exclusion from a tender issued by the Centre-owned Deendayal PortAuthority to develop facilities for handling fertiliser and other clean cargo at one of its berths, citing an anti-competitive policy of 2010.The âPolicy for preventing private sector monopoly in major portsâ (owned by the Centre) was issued by the Ministry of Ports, Shipping and Waterways in August 2010. https://www.shippingtribune.com/news/shipping/Adani+Ports+moves+HC+challenging+a+Deendayal+Port+tender
