1. Cyprus representation in the Eurocean’s Youth Network – Ambassadors of the Maritime World
‘Eurocean’s Youth‘ is the first network of young European Maritime Ambassadors, aiming to develop and promote the youth’s vision for a sustainable future of our Ocean. This network was developed by the Surfrider Foundation Europe with the support of the French Ministry of the Sea and Youth4Ocean (initiated by the DG MARE), considering it an Ocean Decade Activity. https://cyprusshippingnews.com/2022/02/15/cyprus-representation-in-the-euroceans-youth-network-ambassadors-of-the-maritime-world/
2. Accelleron – the new face of ABB Turbocharging
ABB today announced that its Turbocharging division (PA), a global leader in heavy duty turbocharging for diesel and gas engines, has unveiled its new brand name “Accelleron”, a compound word of: Access – Accelerate – Excel – on and on, with a bold new color of bright purple representing a powerful, inspirational, and noble brand. https://cyprusshippingnews.com/2022/02/15/accelleron-the-new-face-of-abb-turbocharging/
3. Freight Forwarders diversifying container sourcing strategy – awareness of SOC containers on the rise
According to an undercover survey by Container xChange, for the third year in a row, the percentage of top 50 freight forwarders accepting SOC requests grew from 6% in 2019, 10% in 2020 to 18% in 2021, a three-fold growth in awareness and acceptance of Shipper owned containers (shipping containers owned by the shippers). Though there is considerable improvement in demand for SOCs, the major forwarders are yet to fulfill demand for the boxes on the route from China to Germany. https://cyprusshippingnews.com/2022/02/15/xchange-survey-indicates-three-fold-rise-in-awareness-and-acceptance-of-shipper-owned-containers-socs-among-top-50-freight-forwarders/
4. The world’s only purpose-built charity hospital ship to set sail from Antwerp
After a six-month stay in the Port of Antwerp since 12 September, where she received the final outfitting of its medical and IT facilities, the Global Mercy – the world’s only purpose-built, civilian-funded charity hospital ship – will soon depart at the end of February for field services where she is needed around the world. https://cyprusshippingnews.com/2022/02/15/the-worlds-only-purpose-built-charity-hospital-ship-to-set-sail-from-antwerp/
5. Belships strikes sale and leaseback deal for ultramax newbuilding
Norwegian owner Belships has sealed a deal to sell and lease back its ultramax newbuilding, Belyamoto, which is scheduled for delivery in November 2022. The Oslo-listed firm said the bareboat charter is for 10 years with options to repurchase the vessel at below current market levels. https://splash247.com/belships-strikes-sale-and-leaseback-deal-for-ultramax-newbuilding/
6. New FMC commissioner Max Vekich brings labour perspective to agency
“Commissioner Vekich assumes office when his lifelong experience working on the waterfront will be especially beneficial. He understands port and supply chain issues from the perspective of a worker on the frontlines of making cargo move. I am confident he will have many important contributions to make to the work of the Federal Maritime Commission and I am happy to welcome him as a colleague,” said Chairman Daniel Maffei. https://splash247.com/new-fmc-commissioner-max-vekich-brings-labour-perspective-to-agency/
7. Passing the Reins: Next-Generation Nominated to Lead Maerk’s Board
Robert Maersk Uggla, the grandson of A.P. Moller-Maersk founder Maersk Mc-Kinney Moller, has been nominated as the Chair of the Board. Uggla will replace current Chairman Jim Hagemann Snabe, who has served in the role since 2017. Meanwhile, Marc Engel has also been nominated A.P. Moller-Maersk’s new Vice Chair of the Board, replacing current Vice Chairman Ane Maersk Mc-Kinney Uggla, who has served on Maersk’s Board of Directors since 1991 and has been Vice Chairman since 2003. https://gcaptain.com/passing-the-reins-next-generation-nominated-to-lead-maerks-board/
8. Ukraine Crisis: Wall Street Should Forget Putin And Start Counting Ships
On Friday President Biden warned that Russia could attack Ukraine “any day now” and “the United States together with our allies and partners will respond decisively.” The stock market sold off sharply with the Dow Jones dropping more than 500 points. Yesterday morning Russian foreign minister Sergey Lavrov said that his country is open to talks and the stock market responded by rallying hundreds of points… then the market fell slowly throughout the day and evening. https://gcaptain.com/ukraine-crisis-wall-street-should-forget-putin-and-start-looking-at-logistics/
9. Turkish tugs arrive to boost Colombian towage
RR Macondo and RR Santa Marta will improve the owner’s capabilities for manoeuvring and escorting larger ships visiting Colombian ports. Augustea Gran Colombia operates tugs in the ports of Santa Marta, Drummond and Puerto Nuevo. On a LinkedIn post, the company welcomed these two tugs to Colombia by testing their fire-fighting systems. https://www.rivieramm.com/news-content-hub/two-turkish-tugs-arrive-to-boost-colombian-towage-69713
10. Baltic Index Snaps 5-Day Winning Streak As Larger Vessels Rates Slip
The Baltic Exchange’s dry bulk sea freight index snapped a five-session winning streak on Tuesday as demand for capesize and panamax vessels weakened. The overall index, which factors in rates for capesize, panamax and supramax vessels, was down 16 points, or 0.81%, at 1,968, breaking its winning streak. The capesize index dipped 82 points, or 4.6%, to 1,713, falling for the fourth session.
