1. Baltic Dry Index as of January 7
On 7 January 2022, the Baltic Dry Index fell to 2,289 points, down 7 points (-0.3%) versus the level of January 6. BDI is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides “an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain. https://cyprusshippingnews.com/2022/01/10/baltic-dry-index-as-of-january-7/
2. Nordic Shipholding sells Nordic Anne, Nordic Amy and Nordic Agnetha
On 3 January 2022, each of the three wholly-owned subsidiaries of Nordic Shipholding A/S, namely Nordic Anne Pte. Ltd., Nordic Amy Pte. Ltd., and Nordic Agnetha Pte. Ltd., entered into a Sale and Purchase Memorandum of Agreement to sell the Nordic Anne, Nordic Amy and Nordic Agnetha, respectively. https://cyprusshippingnews.com/2022/01/06/nordic-shipholding-sells-nordic-anne-nordic-amy-and-nordic-agneth
3. Covid, year-end holiday cause uncommon backlog at Port of New York and New Jersey
The Port of New York and New Jersey is facing a backlog of some 10 to 12 container ships, an unusual occurrence that has been attributed to Covid, combined with December holiday time off for workers, an increase in charter vessels requiring berth space and a major snowstorm last week. https://splash247.com/covid-year-end-holiday-cause-uncommon-backlog-at-port-of-new-york-and-new-jersey/
4. Union seeks two-year reprieve on Port of Vancouver ban on trucks more than 10 years old
As of February 1, the Port of Vancouver, Canada’s largest port, will ban all container trucks older than 10 years from port grounds. The ban will “force hundreds of container trucks out of the Metro Vancouver port transportation system,” according to Unifor, the union that represents truck drivers at the port. This “will cause chaos in a system already under unique pressure from the pandemic, flooding and supply chain issues,” says the union. https://splash247.com/union-seeks-two-year-reprieve-on-port-of-vancouver-ban-on-trucks-more-than-10-years-old/
5. What Is The Value Of A Wave?
Before COVID-19, global surf tourism spending was estimated at up to a $91 billion per year. And since the start of the pandemic, demand for surfing has boomed as people increasingly turn to outdoor activities. But surfing’s benefits to human well-being aren’t often studied in economics terms. This is a major knowledge gap we are now trying to fill. https://gcaptain.com/what-is-the-value-of-a-wave/
6. Indonesia Holds Talks On Coal Export Ban
Indonesia is yet to reach a decision on lifting its coal export ban as authorities discussed overcoming logistic issues that have slowed efforts to distribute coal to domestic power plants, a mining group executive said on Sunday. The world’s biggest thermal coal exporter suspended coal exports on Jan. 1 after Indonesia’s state power utility reported dangerously low inventory levels of the fuel, putting Southeast Asia’s biggest economy on the brink of widespread power outages. https://gcaptain.com/indonesia-talks-on-coal-export-ban/
7. Container Shipping’s 2022 Outlook: The Bulls, Bears And Wild Card
Never has container shipping begun a year on such a high. The Shanghai Containerized Freight Index hit a new record in the last week of December, up 76% year on year and topping 5,000 points for the first time. There were 101 container ships waiting for berths in Los Angeles/Long Beach on Sunday, very close to the peak. Trans-Pacific spot rates quoted for this month are higher than in December, which were higher than in November. https://www.shippingtribune.com/news/shipping/Container+shipping%E2%80%99s+2022+outlook%3A+The+bulls%2C+bears+and+wild+cards
8. Korean Shipyards Command 37% Of Global Orders In 2021, Best In 8 Years
South Korean shipyards had their best year in eight years in 2021 by commanding 37 percent of worldwide vessel orders by volume or 43 percent by value thanks to increased orders for large container carriers and LNG carriers. According to the Ministry of Trade, Industry and Energy on Wednesday, Korean shipbuilders dominated a combined 17.44 million compensated gross tannages (CGTs) in new orders last year, the biggest in eight years. https://www.shippingtribune.com/news/shipping/Korean+shipyards+command+37%25+of+global+orders+in+2021%2C+best+in+8+years
9. Gas gap in Europe drives U.S. LNG exports to record high
Sky-high European demand drove U.S. liquefied natural gas (LNG) exports to a record in December, Refinitiv data showed, with winter supply worries set to sustain orders for the fuel. About half of the record U.S. LNG volumes shipped last month went to Europe, up from 37% earlier in 2021, data from Refinitiv and the U.S. Energy Information Administration showed. https://www.hellenicshippingnews.com/gas-gap-in-europe-drives-u-s-lng-exports-to-record-high/
10. The evolution of digital Regulations for Ships
In the past decade, the transition to digital solutions has emerged as a top trend in the maritime sector. By facilitating ship-to-shore communication as well as communication between ships, it supports new opportunities that improve ship compliance, security and logistics. https://www.hellenicshippingnews.com/the-evolution-of-digital-regulations-for-ships/
