1. Cyprus Shipping Videocast – Sunil Kapoor – Director at FML Ship Management
We are pleased to announce a new promotional feature of Cyprus Shipping News by inviting key players of the Cyprus Shipping Industry to address our readers with a 1-2 minutes video on latest developments, new regulations, news from their own company affecting the Industry, even a quote of the day or anything of general interest. https://cyprusshippingnews.com/2022/03/21/cyprus-shipping-videocast-sunil-kapoor-director-at-fml-ship-management/?amp=1
2. European Shipowners’ Association discusses effects of Ukrainian crisis on European Shipping
The European Community Shipowners ‘Associations (“ECSA”), which includes the national shipowners’ associations of the European Union, held a regular meeting of its Board of Directors on March 17, 2022, in Brussels. https://cyprusshippingnews.com/2022/03/20/european-shipowners-association-discusses-effects-of-ukrainian-crisis-on-european-shipping/?amp=1
3. Impact of Russia-Ukraine conflict on port of Rotterdam
The conflict in Ukraine has prompted the European Union and other bodies to impose a number of sanctions on Russia. The extensive import of energy (crude oil, oil products, LNG, coal) is not (yet) affected by sanctions, but the export and transhipment of containers in particular suffers from the uncertainty caused by the conflict and the sanctions. https://cyprusshippingnews.com/2022/03/20/impact-of-russia-ukraine-conflict-on-port-of-rotterdam-2/?amp=1
4. Crude oil prices rise on continuing supply risks
As of 21 March 2022, 08:37 (UTC+3), Brent Crude futures for May settlement were trading 3.3% higher at $111.49 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for May delivery on the New York Mercantile Exchange rose by 3.49% to $106.66 a barrel. https://cyprusshippingnews.com/2022/03/21/crude-oil-prices-rise-on-continuing-supply-risks/?amp=1
5. Shipowners still cashing in on Russian exports
While most shipowners have decided to give Russia a wide berth in the wake of sanctions and the dangerous conditions involved following the invasion of Ukraine, there are some owners making massive gains from trips out of the world’s largest country. https://splash247.com/shipowners-still-cashing-in-on-russian-exports/
6. Complex Ever Forward refloat operation set to get underway in Chesapeake Bay
It could take another seven days for the 11,850 teu Ever Forward to move from its grounded position in Chesapeake Bay.
Eight days on from the ship becoming stuck on the sea floor having departed the port of Baltimore, the salvage team in cooperation with shipowner Evergreen and the local authorities have a plan in place to get the ship refloated, but the operation is expected to take all week. https://splash247.com/complex-refloat-operation-set-to-get-underway-in-chesapeake-bay/
7. Germany Announces Energy Deal With Qatar
Germany and Qatar are negotiating a long-term energy partnership, government officials from both sides said Sunday, as Europe’s biggest economy seeks to become less dependent on Russian energy sources. https://gcaptain.com/germany-announces-energy-deal-with-qatar/
8. Russian Navy Commander Killed In Ukrainian
A senior naval commander in Russia’s Black Sea Fleet has been killed in Ukraine, the governor of Sevastopol said on Sunday.
Post-Captain Andrei Paliy, deputy commander of the fleet, died during fighting in the eastern Ukrainian port city of Mariupol, Governor Mikhail Razvozhayev said on the messaging app Telegram. https://gcaptain.com/russian-navy-commander-killed-in-ukrainian/
9. Dogger Bank commissioning service operation vessel launched
Edda Wind currently has a number of service operation vessels under construction at Astilleros Gondan and at Colombo Dockyard in Sri Lanka. The vessels are all due to be delivered by 2024. They will all be prepared for emissions-free operation with a hydrogen fuel cell-based propulsion system, using hydrogen derived from a liquid organic hydrogen carrier. https://www.rivieramm.com/news-content-hub/dogger-bank-commissioning-service-operation-vessel-launched-70294
10. All-Inclusive Rates Drop As Shippers Cut Orders On Asia Lockdowns
Divergent fundamentals pushed all-inclusive rates from North Asia down as many Asian production hubs went into isolation over coronavirus outbreaks, while rates from Southeast Asian origins balanced higher as increased blanked sailings further limited supply. https://www.shippingtribune.com/news/shipping/All-inclusive+rates+drop+as+shippers+cut+orders+on+Asia+lockdowns
