1. Seaspan’s 70-vessel newbuilding spree now fully financed
Seaspan, part of US-listed Atlas Corp, has now put US$6.9Bn in place to fund newbuildings – three of which have already been delivered – and total investment in the 70-vessel project is US$7.6Bn.
Atlas chief financial officer Graham Talbot said the arrangements solidify the company’s “long-term liquidity” adding, “We have demonstrated consistent success in executing attractive growth opportunities at the right time while diligently managing associated risk.” https://www.rivieramm.com/news-content-hub/seaspans-70-vessel-newbuilding-spree-fully-financed-with-final-14bn-deal-69177
2. Ship finance in 2022
A ‘tidal wave’ of liquidity washed into the industry last year. What will be the dominant ship finance themes over the coming 12 months?
Shipping finds itself in a strange position going into 2022. With the notable exception of the tanker trades, the industry looks an attractive one to lend to for the first time since the global financial crisis. https://splash247.com/ship-finance-in-2022/
3. Navis Engineering turns to KVH Watch Cloud Connect for Maritime IoT Solution
KVH Industries, announced that Navis Engineering, a leading maritime dynamic positioning (DP) control system manufacturer, has joined the KVH Watch® Solution Partner program and will offer KVH Watch Cloud Connect services to deliver a remote monitoring solution for their DP and joystick maneuvering control systems. Navis’s primary markets are the oil and gas and renewables industries, where DP systems provide highly accurate positioning and control of vessels that must be kept stable in deep sea while operating in proximity to offshore installations. https://cyprusshippingnews.com/2022/01/11/navis-engineering-turns-to-kvh-watch-cloud-connect-for-maritime-iot-solution/
4. Denmark must draw the global transition of shipping
Shipping companies are facing a huge task: Making shipping climate neutral as soon as possible and by 2050 at the latest. Danish Shipping will therefore give a boost to the process with the new strategy, “Towards Zero”. In specific terms, it means that Danish Shipping will work even harder to overcome the regulatory financial and political barriers that stand in the way of global, climate-neutral shipping. The path laid in the coming years will be decisive for the journey towards 2050. https://cyprusshippingnews.com/2022/01/11/denmark-must-draw-the-global-transition-of-shipping/
5. Bunkering course launched to cut risk of litigious disputes
OneLearn Global has launched a new best-practice bunkering course for crew safety and to help cut the risk of costly, litigious disputes. The digital eLearning training provider’s Safe Bunkering programme covers how and how not to receive and store bunker fuels. Issues can arise if vessels’ bunkers are not initially kept separate from previous bunker liftings or when stored at the incorrect temperature. https://cyprusshippingnews.com/2022/01/11/bunkering-course-launched-to-cut-risk-of-litigious-disputes/
6. ZeroNorth acquires US-based bunker market platform ClearLynx
Technology company ZeroNorth, founded to accelerate the green transition of global trade, has today announced the acquisition of ClearLynx, the industry’s leading online platform for the bunker fuel market. Adding ClearLynx to the ZeroNorth platform will provide ship owners and operators with an integrated and end-to-end solution for the cost and environmentally efficient optimisation of bunker fuel, from initial enquiry through to supply. https://cyprusshippingnews.com/2022/01/11/zeronorth-acquires-us-based-bunker-market-platform-clearlynx/
7. Wilhelmsen Ship Management takes 80% stake in Ahrenkiel Tankers
Singapore-headquartered Wilhelmsen Ship Management (WSM) has taken over the management of five tankers after sealing a deal to take an 80% stake in Hamburg-based Ahrenkiel Tankers from MPC Capital. MPC will retain a 20% share in the company, which will be rebranded as Barber Ship Management in a throwback to WSM’s original name when founded in 1975. https://splash247.com/wilhelmsen-ship-management-takes-80-stake-in-ahrenkiel-tankers/
8. Indonesia Eases Coal Export Ban, Alleviating Supply Concerns
Chinese thermal coal futures fell on Tuesday after Indonesia, the world’s biggest thermal coal exporter, eased a ban on overseas shipments that surprised buyers at the start of the year, alleviating concerns about supply disruptions. The export ban was introduced after state power utility Perusahaan Listrik Negara (PLN) reported critically low coal stockpiles amid complaints miners were not fulfilling their responsibilities to supply fuel to the company. https://gcaptain.com/indonesia-eases-coal-export-ban-alleviating-supply-concerns/
9. Sembcorp Marine Wins ABS Approval In Principle for Ammonia Bunkering Barge
Singapore-based Sembcorp Marine, together with partners Mitsui O.S.K Lines and ITOCHU Corporation have announced Approval in Principle from the American Bureau of Shipping for the conceptual design of an ammonia bunkering vessel. This NH3 bunkering vessel, if built, will be the first of its kind bunker vessel. https://gcaptain.com/sembcorp-marine-wins-abs-approval-in-principle-for-ammonia-bunkering-barge/
10. California Plans $2.3bn Investment In Ports And Supply Chain
Unveiling his proposed budget on Monday California Gov. Galvin Newsom said that while action had been taken to alleviate supply chain disruption more investment was necessary. Congestion at the key gateway Ports of Los Angeles and Long Beach became a global news story last year with containerships queuing for more than three weeks to enter port. https://www.shippingtribune.com/news/shipping/+California+plans+%242.3bn+investment+in+ports+and+supply+chain
