1. Black Sea and the Sea of Azov – Guidance on insurance or other financial security certificates
IMO’s Legal Committee (21-25 March) approved a circular on Guidance on the impact of the situation in the Black Sea and the Sea of Azov on insurance or other financial security certificates. This followed the decision of the IMO Council at its Extraordinary Session earlier in March to request IMO Committees to consider ways to enhance the efforts of Member States and observer organizations in supporting affected seafarers and commercial vessels and consider the implications of this situation for the implementation of the Organization’s instruments, take appropriate action and report back to Council. https://cyprusshippingnews.com/2022/03/29/black-sea-and-the-sea-of-azov-guidance-on-insurance-or-other-financial-security-certificates/?amp=1
2. Inmarsat launches Fleet Xpress for shipyards
Inmarsat, the world leader in global, mobile satellite communications, has made its market-leading maritime broadband service, Fleet Xpress, available to shipyards. Installed during new building, Fleet Xpress for Shipyards eliminates time-consuming and costly installation works in port, offering owners a pre-fitted very small aperture terminal (VSAT) solution included in the initial cost of the vessel. https://cyprusshippingnews.com/2022/03/29/inmarsat-launches-fleet-xpress-for-shipyards/?amp=1
3. Maersk explores new ways to accelerate green fuel production
Maersk and Egyptian authorities have signed a partnership agreement to explore the establishment of large-scale green fuel production in Egypt.
In the presence of the Egyptian Prime Minister, a Memorandum of Understanding was signed on Monday in a joint bid to further accelerate the supply of green fuels and the global transformation to net-zero shipping. https://cyprusshippingnews.com/2022/03/29/maersk-explores-new-ways-to-accelerate-green-fuel-production/?amp=1
4. Increased risk when calling at Russian ports
Russia has introduced Government Decree No. 311 of 9 March banning the export of, inter alia, a number of goods. The risk of ships with a connection to Western European states being detained and confiscated in Russian ports has increased.
The Norwegian Maritime Authority knows that ships have been detained in Russian ports. So far, this has not involved ships flying the Norwegian flag. https://cyprusshippingnews.com/2022/03/29/increased-risk-when-calling-at-russian-ports/?amp=1
5. Car carrier rates hit record highs
Car carrier rates are hitting record highs according to new research from VesselsValue. Eastern Pacific’s 2008-built, 4,902 ceu Lake Wanaka was fixed earlier this month to Volkswagen for a year at $50,000 a day, a premium of $10,000 a day compared to the seven-year younger, 6,178 ceu Lake Geneva fixed for six months to Glovis just 12 weeks prior. https://splash247.com/car-carrier-rates-hit-record-highs/
6. Liner pricing investigation under way in Africa
Africa is the latest region to investigate liner pricing tactics. Maersk, CMA CGM and German-controlled United Africa Feeder Line are being investigated by a regional competition watchdog, the Comesa Competition Commission (CCC), for allegedly coordinating in raising freight charges. https://splash247.com/liner-pricing-investigation-under-way-in-africa/
7. First Attempt at Refloating Ever Forward Unsuccessful
The initial effort to refloat the Ever Forward in Chesapeake Bay, Maryland proved to be unsuccessul after tugs failed to dislodge the ship on Tuesday.
Five tugs were used for the operation, which kicked off today at around noon. The configuration included two tugs pulling on the starboard quarter, one pulling on the stern, and two pushing on the port side. https://gcaptain.com/ever-forward-refloating-unsuccessful/
8. Engine Start Issues Led to Oil Tanker Striking Loading Dock, NTSB Says
An incorrect solution to address a main engine start issue led to the contact between an oil tanker and a loading dock in the Port of Corpus Christi, the National Transportation Safety Board said Tuesday.
Marine Investigation Report 22/07 details the NTSB’s investigation into the March 15, 2021, contact of the oil tanker Riverside with Moda Ingleside Energy Center No. 4 loading dock near Ingleside, Texas. https://gcaptain.com/engine-start-issues-led-to-oil-tanker-striking-loading-dock-ntsb-says/
9. Rigs report: Shell moves Transocean drillship out of US GoM to Colombia
Part of increased floater activity this week, Transocean’s ultra-deepwater drillship Deepwater Thalassa is moving out of the US Gulf and heading to Colombia under a contract with Shell
Westwood Global Energy senior rig analyst Paul Ezekiel reported in a podcast that the drillship will arrive in April to drill the Gorgon 2 exploration well. Operations are scheduled to last about 125 days to late August. https://www.rivieramm.com/news-content-hub/rigs-report-shell-moves-transocean-drillship-out-of-us-gom-to-colombia-70429
10. Baltic Index Down For Fourth Session As Vessel Rates Decline
The Baltic Exchange’s dry bulk sea freight index fell for a fourth straight session on Tuesday as rates across vessel segments declined.
The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, dipped 67 points, or 2.7%, to 2,417 points.
The capesize index fell 95 points, or 5.5%, to 1,639. https://www.shippingtribune.com/news/shipping/Baltic+index+down+for+fourth+session+as+vessel+rates+decline