InterManager Daily News 19.01.2022.

1. Cyprus Shipping Industry: Proved once again its resilience in times of crisis

As we welcome the beginning of a new year, we will try to review the main developments that took place during 2021, so that we can outline the “Day After” for Cyprus Shipping. Upon reviewing the outgoing crucial for Cyprus Shipping year, we confirmed, once again, that the Shipping Industry “is resilient in times of crisis”. It remained as one of the most important “blood donors” of the Cyprus Economy and continued to offer, despite the significant difficulties, its services, which are vital to humanity, at a time when most industries were forced to cease their operations due to the Covid-19 Pandemic restrictions.

2. Breakbulk Middle East to promote women’s effective participation in the industry

Breakbulk Middle East , the region’s largest breakbulk and project cargo event, will host the ‘Women in Breakbulk Breakfast, as part of its commitment to increase female participation. The forum will feature top female executives, who will discuss ways to overcome challenges they face in the sector. They will also offer insights and tips to aspiring female professionals on how they can move up the ladder and change the male-dominated narrative within the maritime, project cargo and breakbulk industry.

3. Petrobras on production in 2021 and 2022 target

The achievement of this result shows Petrobras’ commitment to meeting its goals, which have been reached by maintaining the focus of its activities on deep and ultradeep water assets, where it has shown a great competitive differential over the years, producing better quality oil and with lower greenhouse gas emissions.

4. Unifeeder starts using carbon neutral towage services to boost decarbonisation

Svitzer, leading global towage operator and part of A.P. Moller-Maersk, converts its whole fleet of 10 towage tugs in London to be powered by carbon neutral marine biofuel. This enables DP World-owned Unifeeder to reduce its emissions and boost its green agenda. Replacing marine fuel oil with the carbon neutral biofuel enables Svitzer to offer a new towage service, called Ecotow, which unlocks approximately 90% CO2 reduction in Scope 3 emissions from their towage operations.

5. ICS partners with the International Renewable Energy Agency

The International Chamber of Shipping (ICS) and the International Renewable Energy Agency (IRENA) have signed a partnership agreement to advance the global green fuel transition. The partnership will provide a framework over the next two years for ICS and IRENA to assist with the decarbonisation of the shipping sector. It will also enable the industry to work closer with IRENA’s global membership of more than 160 countries and territories on issues related to the increasing role of renewable energy in decarbonising shipping.

6. Brazil exploring use of ports in Chile and Argentina

Brazil’s federal planning and logistics firm EPL is looking at the possibility of exporting products from the state of Mato Grosso do Sul in central-west Brazil through ports in Chile and Argentina. The company said in a press release that it visited ports in both countries, looking at factors including logistical chains, operating costs, customs integration, access to Asian markets and the level of bureaucracy.

7. Tanker sale and purchase activity 2022: weeks 1 and 2

Compared with 2021, first two weeks of 2022 have only seen a modest amount of activity in the tanker sales and purchase market

Last year is destined to go down as a record year for activity in the tanker sale and purchase (S&P) market with the first two weeks of 2021 seeing 48 tankers reported sold. So far, 2022 has been more modest, with 11 tankers changing hands.

8. Scotland’s First Offshore Wind Lease in Over a Decade Raises Nearly $1 Billion in Applications

Scotland’s first offshore wind leasing round in more than a decade has raised nearly $1 billion in accepted application bids, Crown Estate Scotland announcedMonday. A total of 17 projects were selected out of a total of 74 applications covering about 7,000 square kilometers of seabed made available for offshore wind development under the Scottish Government’s Sectoral Marine Plan. Combined, the projects have potential for about 24.8 gigawatts (GW) of renewable energy capacity.

9. Shipping and Renewable Lobby Groups Join Forces to Advance Global Green Fuel Transition

The International Chamber of Shipping has announced a strategic partnership with the International Renewable Energy Agency (IRENA) to further support for the decarbonization of the shipping industry and its role in advancing the global energy transition to renewables. The two organizations signed the partnership agreement at the twelfth session of the IRENA Assembly 2022.

10. Baltic Index Down For Seventh Day On Weak Vessel Demand

The Baltic Exchange’s dry bulk sea freight index fell for a seventh straight session on Monday as rates declined across all its vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, slipped 33 points, or 1.9%, to 1,731 for its lowest since early last March. The capesize index fell 26 points, or 1.7%, to 1,470, its lowest since late February.


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