InterManager Daily News 02.03.2022.

1. 4 Years Cyprus Shipping Deputy Ministry – A success story

Cyprus Shipping is a success story that has been built over the last 40 years through targeted policies, through the passion and hard work of all those who laid a solid foundation in its first steps, through the support received from ship owners who trusted Cyprus flag on their ships and Cyprus as a basis for their activities.

2. A listening ear for seafarers and families directly affected by the Ukraine conflict

24-hour emotional support is available to any seafarers and their families directly affected by what is happening in Ukraine via SeafarerHelp – the free, confidential, multilingual helpline operated by ISWAN.

3. Sustainability and the Changing Shipping Finance Landscape

On 25th February 2022, Cyprus Marine Club held its first event of 2022, having an honor to host Ms. Katerina Stathopoulou, FICS, Executive Director with Investments & Finance Ltd. The company is a financial consultancy firm dedicated to providing financial and investment banking advisory services to shipping and corporate clients.

4. Transport unions call for immediate ceasefire and withdrawal of Russian military from Ukraine

The International Transport Workers’ Federationand the European Transport Workers’ Federation call for an immediate ceasefire in hostilities, for the conflict to return to the diplomatic level, and respect for international human rights and humanitarian law, following the military escalation in Ukraine.

5. US urged to lead shipping’s nuclear charge

A new report from UK-based marine atomic developer CORE POWER urges the US to take the lead when it comes to adopting nuclear propulsion for the merchant fleet. According to CORE POWER, airborne emissions from US domestic shipping stand at over 60m tonnes of CO2. Advanced nuclear ships would be true zero-emission vessels and be immune to carbon pricing as it is introduced to fossil fuels, CORE POWER observed, going on to highlight the high prices ships might pay for their carbon bills soon.

6. Biden’s State of the Union address today will target global liners

At today’s State of the Union address, president Joe Biden will take a swipe at the global liner industry in his ongoing battle to try and fix supply chains. Biden will announce an agreement between the Department of Justice and the Federal Maritime Commission (FMC) to make sure that large ocean freight companies cannot take advantage of US businesses and consumers.

7. The Secret Life of Pilots

There has been a great deal of hand wringing about “supply chain” issues during the pandemic. The average reader on this website is probably already aware of the important role the maritime sector plays in that supply chain, but the general public seems blissfully ignorant of how that big-screen television (they are contemplating purchasing) at the local big-box store got to the shelf. “In fact, it is truly a compliment to all of us in the supply chain that we have pulled off the most improbable of feats: being both ubiquitous to the world economy and invisible to the world’s consumers at the same time.”1

8. American Pilot Refuses To Board Russian Ships

The senior pilot of a major American port told authorities today that he refuses to board any Russian flagged ships that enter the harbor. This comes on the same day the UK transportation minister called on all UK ports to deny access to any Russian “flagged, registered, owned, controlled, chartered, or operated vessels”.

9. More vessels attacked, detained as Russian invasion’s spill over into shipping expands

Multiple vessels have now been damaged, with casualties reported and others detained, as the Russia-led conflict in Europe continues to spill over into commercial spheres. Reports over the weekend of vessels being hit by missiles in the vicinity of Odessa, on Ukraine’s Black Sea coast, follow the 24 February report of Turkey-owned bulker vessel Yasa Jupiter being hit by a Russian missile as it transited the Black Sea between Odessa and Romanian waters.

10. Baltic Index Down For Third Day On Lower Demand For Large Vessels

The Baltic Exchange’s dry bulk sea freight index fell for a third straight session on Monday on weaker rates for capesize and panamax vessels.The overall index, which factors in rates for capesize, panamax and supramax vessels, slipped 36 points to 2,040. The capesize index fell 74 points to 1,617.


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