1. Tufton Oceanic acquires a Product Tanker and a Bulker
The Product Tanker is being acquired at approximately 85% of depreciated replacement cost (“DRC”). It has a fixed rate time charter of twelve to twenty-four months producing a net yield over 8% despite a relatively weak tanker market presently. The Investment Manager believes that positive drivers for both demand recovery and very low supply growth will significantly increase charter rates and values in the medium term. https://cyprusshippingnews.com/2022/01/05/tufton-oceanic-acquires-a-product-tanker-and-a-bulker/
2. BERA is now EFG Port Papenburg after rebranding
Rebranded to „EFG Port Papenburg“, port terminal operator BERA reacts to an increase in the demand for logistics services and positions itself more distinctly than ever as member of German EMS-Fehn-Group. EFG Port Papenburg is primarily known for its storage and handling facilities in the seaport of the German town of Papenburg. „However, by closely collaborating with our sister companies of EMS-Fehn-Group, we are able to offer a variety of further logistics services – and we see a lot of potential for growth in this,“ says EFG Port Papenburg’s Managing Director Holger Wedemann. https://cyprusshippingnews.com/2022/01/05/bera-is-now-efg-port-papenburg-after-rebranding/
3. Port and supply chain workers should be included in priority testing scheme to keep the country trading
Following the announcement about critical worker testing at this evening’s Downing Street coronavirus briefing, the British Ports Association has stressed the need for ports and supply chain staff to be prioritised, where needed. The Prime Minister, Boris Johnson said that the government has identified 100,000 critical workers who will be able to take daily lateral flow tests, staring next week. https://cyprusshippingnews.com/2022/01/05/port-and-supply-chain-workers-should-be-included-in-priority-testing-scheme-to-keep-the-country-trading/
4. CMA CGM completes the acquisition of FMS, one of the largest port terminals in the United States
Further to the agreement announced on November 3rd, 2021, the CMA CGM Group has completed the acquisition of 90% of Fenix Marine Services (FMS) terminal in Los Angeles. With the 10% stake already owned by the Group, CMA CGM is now sole owner of the FMS facility. https://cyprusshippingnews.com/2022/01/05/cma-cgm-completes-the-acquisition-of-fms-one-of-the-largest-port-terminals-in-the-united-states/
5. Alphaliner confirms MSC has toppled Maersk at the top of the box rankings
It’s been a long time coming but finally Mediterranean Shipping Co (MSC) was crowned by Alphaliner yesterday as the world’s largest liner by operated container vessel capacity, surpassing 2M partner Maersk, which had been at the top of the rankings for more than a quarter of a century. Alphaliner, part of AXSMarine, tracks the capacities of the world’s top 100 liners, making the data free to view. It’s top 100 liners page has been eagerly watched in recent months as MSC has edged ever closer to overtaking its Danish rival. https://splash247.com/alphaliner-confirms-msc-has-toppled-maersk-at-the-top-of-the-box-rankings/
6. UK freight forwarding association lashes liner conduct
The British International Freight Association (BIFA) has written to the UK government asking it to investigate the state of competition within the current container shipping market, the latest in a wave of liner complaints sent to governments around the world during a period of record earnings for carriers and the poorest schedule reliability in the history of containerisation. https://splash247.com/uk-freight-forwarding-association-lashes-liner-conduct/
7. Bridge Allision in Southeast Louisiana Being Investigated as Major Marine Casualty
The U.S. Coast Guard and National Transportation Safety Board (NTSB) investigators are investigating a barge allision with the Bayou Ramos Bridge near Morgan City and Amelia, Louisiana. The incident occurred at approximately 3:26 a.m. on December 23, 2021, when a towing vessel pushing six barges was traveling southeast along the Avoca Island Cutoff waterway. One of the lead barges in the tow struck the Bayou Ramos Bridge, causing damage to both the bridge and barge but no injuries, the Coast Guard said. https://gcaptain.com/bridge-allision-in-southeast-louisiana-being-investigated-as-major-marine-casualty/
8. Royal Caribbean, Norwegian Cruise Line Cancel Sailings as Omicron Cases Surge
Royal Caribbean and Norwegian Cruise Line on Wednesday canceled sailings amid rising fears of Omicron-related coronavirus infections that have dampened the nascent recovery of the pandemic-ravaged cruise industry. Royal Caribbean Cruises Ltd called off its Spectrum of the Seas cruise for Jan. 6 after nine guests on its Jan. 2 trip were identified as close contacts to a local Hong Kong COVID-19 case.
https://gcaptain.com/norwegian-cruise-line-cancels-sailings-omicron/
9. Baltic Index Steady As Higher Panamax Rates Offset Capesize Dip
The Baltic Exchange’s dry bulk sea freight index was little changed on Wednesday, as higher rates for panamax vessels countered a dip in the capesize and supramax segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose by 4 points to 2,289. The capesize index fell 49 points, or 2.1%, to 2,301, its lowest level since late-March, 2021. https://www.shippingtribune.com/news/shipping/Baltic+index+steady+as+higher+panamax+rates+offset+capesize+dip
10. Adani Ports Handles 234.31 Mt Cargo In Apr-Dec
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it handled a cargo volume of 234.31 million tonnes (MT) during the April-December 2021 period, registering a growth of 35 per cent y-o-y.
Its ports, excluding Mundra, grew 74 per cent and contributed 52 per cent of the total cargo basket, APSEZ said in a filing to the BSE. “Parity between east coast and west coast ports during the period was 38 per cent:62 per cent compared to 24 per cent:76 per cent,” it said. https://www.shippingtribune.com/news/shipping/Adani+Ports+handles+234.31+mt+cargo+in+Apr-Dec
