1. A New Year’s Message from Paul Jennings, Chief Executive and International Group Chairman of North P&I
As we say hello to 2022 and I reflect on one of the most demanding periods in P&I history, I am certain that the International Group system remains robust and resilient to meet the challenges head-on and that North will continue to provide the outstanding service that allows our Members and Clients to trade with confidence – whatever this new year may bring. https://cyprusshippingnews.com/2022/01/04/a-new-years-message-from-paul-jennings-chief-executive-and-international-group-chairman-of-north-pi/
2. TotalEnergies’ latest LNG bunker vessel Gas Vitality completed its first loading operation at Fos Cavaou LNG terminal
The Gas Vitality successfully completed, December 28, 2021, its first loading operation at Fos Cavaou LNG terminal, thereby initiating the new small scale LNG loading service. With this new service, Elengy is offering 50 loading slots per year for loading small scale LNG vessels of a capacity up to 40 000 m3, under maximum conditions of safety and reliability. https://cyprusshippingnews.com/2022/01/04/totalenergies-latest-lng-bunker-vessel-gas-vitality-completed-its-first-loading-operation-at-fos-cavaou-lng-terminal/
3. Valenciaport starts the campaign #ElPuertoDeLasEmpresas to highlight the role of the Port as an ally of exporting firms
Valenciaport has launched the campaign #ElPuertoDeLasEmpresas to highlight the entrepreneurial role of the business fabric that sells its products abroad and acts as an engine of economic activity and job creation. A task in which the València, Sagunto and Gandia sites act as the perfect allies due to their proximity, services, connectivity, security, digitalisation and sustainability for the Spain brand to reach any corner of the world. https://cyprusshippingnews.com/2022/01/04/valenciaport-starts-the-campaign-elpuertodelasempresas-to-highlight-the-role-of-the-port-as-an-ally-of-exporting-firms/
4. “K” LINE President & CEO Yukikazu Myochin takes on the challenge of achieving Net-Zero GHG emission ships by 2050
The global economy is generally continuing to recover from the impact of COVID-19. Although the future spread of COVID-19 and timing of the end of pandemic remain uncertain, the progress of vaccinations and the economic stimulus measures such as financial support from national governments will contribute to continuing to maintain the trend of recovery, and I expect there will be a further shift from recovery supported by policy effects to autonomous recovery in the global economy from 2022. https://cyprusshippingnews.com/2022/01/04/k-line-president-ceo-yukikazu-myochin-takes-on-the-challenge-of-achieving-net-zero-ghg-emissions-by-2050/
5. Suspect bunkers put SM Line boxship out of action for up to a month
South Korean containership the 6,622 teu SM Busan is at dock in Victoria, British Columbia for emergency repairs that are expected to take up to a month to complete. After first experiencing engine problems on December 20, the ship lost power on December 24 en route from Portland to South Korea. After drifting for a couple of days, the vessel was able to get underway to the harbour in Victoria with a two-tugboat escort. https://splash247.com/suspect-bunkers-put-sm-line-boxship-out-of-action-for-up-to-a-month/
6. Ports of Los Angeles and Long Beach again delay container dwell fee
The Port of Los Angeles and the Port of Long Beach have again delayed implementation of the container dwell fee they announced on October 25. After monitoring data over the next week, the ports will reassess the situation on January 10. Fee implementation has been postponed by both ports since the start of the program, thanks to a combined decline of 35% in aging cargo on the docks. As expected, year-end holidays slowed progress compared with previous weeks. https://splash247.com/ports-of-los-angeles-and-long-beach-again-delay-container-dwell-fee/
7. Boston Draws Caribbean LNG Cargoes in Rare Price Play
A third Caribbean liquefied natural gas cargo is headed for Boston, where two other await colder weather before unloading in an unprecedented bet on price spikes this winter. GasLog Partners LP-owned Methane Lydon Volney is expected to arrive in Boston Jan. 11 with an LNG cargo from Trinidad & Tobago, according to ship tracking data compiled by Bloomberg. The tanker will join Cadiz Knutsen and Excelerate Energy’s Exemplar, which are both anchored in Massachusetts Bay and also carrying LNG cargoes from the Caribbean nation. https://gcaptain.com/boston-draws-caribbean-lng-cargoes-in-rare-price-play/
8. Wärtsilä Wins Repeat Order From CMA CGM for LNG Newbuilds
Finnish technology group Wärtsilä has been selected to provide power solutions for 12 newbuild LNG-fueled containerships on order for CMA CGM in China. The newbuilds include six 13,000 TEU containerships being built at the Hudong-Zhonghua Shipbuilding (Group) CO. and another six 15,000 TEU containerships under construction at the Jiangnan Shipyard (Group) Co. https://gcaptain.com/wartsila-wins-repeat-order-from-cma-cgm-for-lng-newbuilds/
9. Baltic Index Edges Up From 8-Month Low As Larger Vessel Rates Rise
The Baltic Exchange’s dry bulk sea freight index rose on Tuesday, crawling away from a more than eighth month low, helped by strong demand for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 68 points, or 3.1%, to 2,285, snapping a 12 session losing streak. https://www.shippingtribune.com/news/shipping/Baltic+index+edges+up+from+8-month+low+as+larger+vessel+rates+rise
10. 5 Alternative Container Ports For Avoiding Congestion
The Los Angeles-Long Beach port complex was the poster child for supply chain gridlock in 2021, with dozens of vessels scattered for miles off the coast waiting for a berth and piles of containers bringing landside cargo flow to a crawl. Vessels are taking five days or more to unload, and importers and exporters are experiencing extensive delays to secure containers and the chassis to transport them. https://www.shippingtribune.com/news/shipping/5+alternative+container+ports+for+avoiding+congestion
