1. Tototheo’s Cyber Security Solution receives the RINA certification
Tototheo Maritime’s Cybersecurity Solution, an end-to-end service including monitoring, detection, containment and rectification of cyber threats, has received a Certificate of Compliance by IACS Classification Society RINA. The Tototheo TM Cyber Solution is a highly specialized, multi-faceted service that enables organisations proactively detect and mitigate cyber risks on board and at shore, while operating under all applicable international regulations. https://cyprusshippingnews.com/2022/01/12/tototheos-cyber-security-solution-receives-the-rina-certification/
2. ONE Containership suffered container collapse in the North Atlantic Ocean
ONE announced that MV Madrid Bridge, serving in the East Coast 4 (EC4) Service, suffered container collapse in the North Atlantic Ocean on January 7, 2022 during transit to her next port of call in New York, USA. ONE’s immediate priorities were to ensure the safety of the crew, the vessel and the cargo on board. Delays to the vessel’s schedule are expected and investigations are currently ongoing and further information will be provided once available. https://cyprusshippingnews.com/2022/01/12/one-containership-suffered-container-collapse-in-the-north-atlantic-ocean/
3. Maritime Case Summit 2022 Plugs Tertiary students into Intersection of Business and sustainability through challenge statements offered by Leading Multinational Companies
Participating in the 3rd edition are BHP, CMA CGM Group, Standard Chartered and Toll Group. The Maritime Singapore Connect Maritime Case Summit returns for the 3rd edition with leading multinationals across the spectrum of trade, shipping, finance as well as supply chain and logistics offering challenge statements that plug tertiary students into the dynamic maritime ecosystem. https://cyprusshippingnews.com/2022/01/12/maritime-case-summit-2022-plugs-tertiary-students-into-intersection-of-business-and-sustainability-through-challenge-statements-offered-by-leading-multinational-companies/
4. Vaccine Portlet: The Key to a confident return to the Workplace in an Ongoing Pandemic
Just like technology was a critical enabler of a successful work-from-home transition, it can produce the insight and visibility to define and communicate policies and their rationale. And for employees, information – such as overall health and vaccine status – can boost their confidence when stepping foot into the workplace again. https://cyprusshippingnews.com/2022/01/12/vaccine-portlet-the-key-to-a-confident-return-to-the-workplace-in-an-ongoing-pandemic/
5. US to hold wind energy auction offshore New York and New Jersey
US Secretary of the Interior Deb Haaland announced yesterday that the Bureau of Ocean Energy Management (BOEM) will hold a wind auction in February for more than 480,000 acres offshore New York and New Jersey, in the area known as the New York Bight. This will be the first offshore wind lease sale under the Biden-Harris administration. https://splash247.com/us-to-hold-wind-energy-auction-offshore-new-york-and-new-jersey/
6. South Carolina Ports Mark Record Year in 2021
SC Ports owns and operates the Port of Charleston, home to the Wando Welch Terminal, North Charleston Terminal and Hugh K. Leatherman Terminal container terminals, as well as Port of Georgetown, Inland Port Greer and Inland Port Dillon. “2021 was a truly banner year for South Carolina Ports,” SC Ports CEO Jim Newsome said. “Amid tremendous and ongoing supply chain challenges, we handled record-breaking cargo volumes, while consistently providing capacity and fluidity for our customers. https://gcaptain.com/south-carolina-ports-mark-record-year-in-2021/
7. Princess Cruise Lines Pleads Guilty to Second Probation Violation Stemming from Historic 2017 Criminal Conviction
Princess Cruise Lines has pleaded guilty to a second violation of its probation stemming from its 2017 criminal conviction for environmental crimes related to illegal oil dumping at sea and intentional acts to cover it up. Princess violated its court ordered environmental compliance program by failing to establish and maintain an independent internal investigative office, as required under the terms of its plea agreement. https://gcaptain.com/princess-cruise-lines-pleads-guilty-to-second-probation-violation-stemming-from-historic-2017-criminal-conviction/
8. Supply Chain Chaos Spurs New ETF to Ride Shipping Boom
ProShares is preparing a new ETF to exploit chaos across global supply chains even as bottlenecks show signs of easing and commodities come down from records. The issuer is planning to debut the Supply Chain Logistics exchange-traded fund, which will track an index of U.S. and foreign companies involved in goods and raw materials shipping, according to a Tuesday filing. https://gcaptain.com/supply-chain-chaos-spurs-new-etf-to-ride-shipping-boom/
9. Weak Demand Across Vessels Drags Baltic Index To 10-Month Low
The Baltic Exchange’s dry bulk sea freight index extended losses on Wednesday to a 10-month low, pressured by lower rates across all its vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 124 points, or 5.8%, to 2,027, its lowest since March 16. The capesize index dropped 228 points, or 9.8%, to a 10-month low of 2,097. https://www.shippingtribune.com/news/shipping/Weak+demand+across+vessels+drags+Baltic+index+to+10-month+low
10. Uncertainty To Dominate In West Of Suez Clean Tankers Markets In 2022
A dismal year for clean tanker earnings over most of 2021 ended with some improvement across a number of vessel classes in the fourth quarter, but developments in the coronavirus pandemic, along with the emergence of new refining hubs worldwide, means the direction of travel remains uncertain in 2022. Under pressure from record high bunker prices, larger vessels cannibalizing smaller vessel cargo inquiries, and a lack of sustained arbitrage opportunities in key basins, the first half of the third quarter saw clean tankers generating negative returns on familiar trade routes, keeping shipowner options to a minimum amid weaker sentiment across all markets. https://www.shippingtribune.com/news/shipping/Uncertainty+to+dominate+in+West+of+Suez+clean+tankers+markets+in+2022
