1. Columbia Shipmanagement signs joint venture with Sea World Management to form CSM Monaco
Columbia Shipmanagement is to expand its operations and services in the important French, Italian and Monégasque markets by signing a joint venture agreement with Monaco-based Sea World Management . Under the terms of the agreement, the new JV company, named COLUMBIA SEAWORLD MANAGEMENT, or CSM Monaco for short, will provide CSM’s full integrated maritime services platform to clients in the region including those in the tanker, bulker, container, cruise, MPP, offshore, Superyacht, private jet, asset management sectors. https://cyprusshippingnews.com/2022/03/08/csm-signs-joint-venture-with-sea-world-management-to-form-csm-monaco/?amp=1
2. The Mission to Seafarers’ Statement for Ukraine
The Mission to Seafarers shares the horror and sadness of so many as we witness events in Ukraine. Our thoughts and prayers are with all directly caught up in the fighting, including seafarers trapped in Ukrainian ports, crews facing immediate risk in hostile waters and local maritime chaplains and volunteers from our colleague societies.
3. Humanitarian aid for UKRAINE request by the Cyprus Marine Club
The Honorary Consulate of Ukraine in Nicosia, together with Eurofast, announces the collection of humanitarian aid to the people in Ukraine. Please anyone who wants and can express their support to the people who are suffering right now in Ukraine, you can offer the necessary food and clothing (list below) at the Directorate of the Honorary Consulate, which is in Cypress Center, 5 Chytron street, 1075, Nicosia. https://cyprusshippingnews.com/2022/03/08/humanitarian-aid-ukraine-fyi-please-and-further-circulation/?amp=1
4. Diesel Vacuum in Crisis Struck Europe sucks In MRs
As Russian troops amassed at the border with Eastern Ukraine last month and hostilities commenced on February 26th, the MR Atlantic Basket climbed steadily from a January 25th low of $5,032 per day to a current year-to-date high of $18,649 per day. Ship-tracking data from satellite and land-based sources confirms this is due to a step up in demand. Laden ton-miles for MR2 Tankers, the most populous type of ship for the carriage of refined oil products, accelerated from 4% (year-to-date, year-on-year growth) in mid-February to 7% at present. https://cyprusshippingnews.com/2022/03/08/diesel-vacuum-in-crisis-struck-europe-sucks-in-mrs/?amp=1
5. Colombia to build its first offshore wind farm near Barranquilla
Diego Mesa, Colombia’s Energy Minister, announced on Tuesday that the city of Barranquilla has signed a memorandum of understanding with Denmark’s Copenhagen Infrastructure Partners for the installation of a 350 MW offshore wind farm in the Caribbean Sea, Colombia’s first offshore wind facility. “The country has a potential for power generation of 50 GW with offshore projects, which almost triples the current installed capacity of the entire country, which is 17.7 GW,” said Mesa.
6. Siem Offshore plans to redomicile to Norway
Cayman Islands-incorporated offshore support vessel player, Siem Offshore Inc (SIOFF), is planning a re-domiciliation of the company whereby a new Norwegian holding company will be established for the SIOFF group. The proposal is for Siem Renewables AS, which is currently an empty company indirectly owned by Siem Industries, to launch a share-for-share offer for all the outstanding shares in SIOFF. https://splash247.com/siem-offshore-plans-to-redomicile-to-norway/
7. Watch: How Dirty Ships Are Cleaning Up Their Act
With around 80-90% of goods transported on ships at some point in the supply chain, the internatioal shipping industry is estimated to account for nearly 3% of the world’s CO2 emissions, making it a critical component to tackling carbon goals and avoiding the most dire effects of climate change.
8. President Biden Bans Russian Oil Imports, Warning Gas Prices Will Rise Further
U.S. President Joe Biden on Tuesday banned Russian oil and other energy imports in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices. “We’re banning all imports of Russian oil and gas energy,” Biden told reporters at the White House. “That means Russian oil will no longer be acceptable in U.S. ports and the American people will deal another powerful blow to (Russian President Vladimir) Putin’s war machine.” https://gcaptain.com/biden-bans-russian-oil-imports/
9. Thousands Of Ukrainian And Russian Sailors Remain Stuck In Ports
Thousands of Ukrainian and Russian seafarers are stuck in ports around the world as the war in Ukraine intensifies and shipowners are scrambling to find replacement crews to keep strained supply chains rolling. Crews from Russia and Ukraine make up a combined 17% of the world’s 1.9 million sailors and at least 60,000 are currently at sea or at ports waiting, according to shipping executives and crewing agencies. https://www.shippingtribune.com/news/shipping/Thousands+of+Ukrainian+and+Russian+Sailors+Remain+Stuck+in+Ports
10. Shell pulling out of all Russian hydrocarbons
Following its recent announcement to exit the Nord Stream 2 pipeline project and equity partnerships with Gazprom, Shell now plans to conduct a phased withdrawal from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and LNG. https://www.rivieramm.com/news-content-hub/shell-pulling-out-of-all-russian-hydrocarbons-70118