1. Viasat, Inmarsat reach agreement with UK Government on plan to increase highly-skilled jobs and R&D investment in UK space sector
Viasat and Inmarsat, the US and UK satellite communications groups, have agreed on a package of legally-binding economic undertakings with the UK Government’s Department for Business, Energy and Industrial Strategy as part of the proposed combination of the two companies. BEIS welcomed the constructive discussions that have taken place with both companies on their future plans. The transaction remains subject to the regulatory processes of the UK. https://cyprusshippingnews.com/2022/03/22/viasat-inmarsat-reach-agreement-with-uk-government-on-plan-to-increase-highly-skilled-jobs-and-rd-investment-in-uk-space-sector/?amp=1
2. Is the internet really going to be free of Personalised Ads?
At the beginning of January, a huge thing happened on the legislation of data in the US. A bill was introduced to Congress and to the Senate to prevent digital ads from using any type of targeting data other than the user’s contextual signals and geo-localization. This bill, if passed, would change the whole landscape of digital advertisement https://cyprusshippingnews.com/2022/03/22/is-the-internet-really-going-to-be-free-of-personalized-ads/?amp=1
3. FSL commenced legal proceedings to claim damages from the charterer of vessel FSL London
The Board of Directors of FSL Trust Management , as trustee-manager of First Ship Lease Trust, refers to its announcement dated 3 December 2021 in relation to the cancellation of the memorandum of agreement to sell the vessel FSL London to an unaffiliated third party by mutual agreement following delays in the delivery schedule as a result of a customs investigation concerning the specifications of a cargo the Vessel carried for a customer. The Board wishes to update that the customs investigations are still ongoing and the Vessel is still held by the local customs authorities in India, pending the outcome of the investigations.
4. Crude oil futures rise on reduction of US reserves
As of 23 March 2022, 08:40 (UTC+3), Brent Crude futures for May settlement were trading 1.24% higher at $116.9 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 1.28% to $110.69 a barrel. https://cyprusshippingnews.com/2022/03/23/crude-oil-futures-rise-on-reduction-of-us-reserves/?amp=1
5. BP and Marubeni in Japanese offshore wind tie-up
London-based supermajor BP has joined forces with Japanese conglomerate Marubeni to explore a selected offshore wind development opportunity in Japan. The two have agreed to form a strategic partnership for offshore wind and potentially other decarbonisation projects, including hydrogen. https://splash247.com/bp-and-marubeni-in-japanese-offshore-wind-tie-up/
6. NYK and Mitsubishi Corporation take stake in another Brazil-bound FPSO
Japan’s Nippon Yusen Kaisha (NYK) and Mitsubishi Corporation have struck a deal with floating production storage and offloading (FPSO) vessel specialist SBM Offshore to acquire an ownership interest in the FPSO Alexandre de Gusmão, set for Pertobras’ Mero field in the Santos Basin offshore Brazil. https://splash247.com/nyk-and-mitsubishi-corporation-take-stake-in-another-brazil-bound-fpso/
7. From Ever Given to Ever Forward
A year ago, MV Ever Given rammed its bow into Asia, ran its stern onto Africa, and her midships straddled the Suez Canal for six days. The world was transfixed on the vessel that launched a thousand memes and choked off twelve percent of the world’s trade.
This one ultra-large container vessel demonstrated to everyone the fragility of the global supply chain. For months before this, the nation had been experiencing issues, who can forget the great toilet and paper towel shortage of 2020. https://gcaptain.com/from-ever-given-to-ever-forward/
8. British Prime Minister Johnson Says P&O Ferries Broke Labor Laws With Mass Firings
Prime Minister Boris Johnson turned up the political heat over the mass firing of 800 workers at P&O Ferries, accusing the company of breaking labor laws and vowing to take legal action.
“That is the right thing to do because it seems to me that they have broken the law,” Johnson told Parliament on Wednesday. “P&O aren’t going to get away with it.” https://gcaptain.com/p-o-ferries-firings-labor-laws/
9. Rigs report: global floater utilisation to hit 90% by 2024
Prospects in South America, notably Brazil, are brightening both for floaters and offshore support vessels (OSVs), particularly for larger anchor handling tug supply (AHTS) and platform supply vessels (PSVs), according to a leading maritime analyst https://www.rivieramm.com/news-content-hub/global-floater-utilisation-to-hit-90-by-2024-70346
10. Progress On Life Cycle GHG Emissions Guidelines And Impact Assessment
Progress on developing draft lifecycle GHG and carbon intensity guidelines for marine fuels and assessment of impacts of GHG measures has been made by an IMO working group.
The session, held remotely, was attended by more than 430 participants from some 70 Member States, as well as from NGOS in consultative status with IMO. https://www.shippingtribune.com/news/shipping/Progress+on+life+cycle+GHG+emissions+guidelines+and+impact+assessment
