1. Ukraine conflict creates added complications
The conflict between Russia and Ukraine is a real tragedy, which can be anticipated to cause ripple effects worldwide for the foreseeable future. In the maritime industry, the most affected area is and will be crewing. Both in terms of imminent crew changes but also longer-term planning and rotation will be difficult here forth. https://cyprusshippingnews.com/2022/04/08/ukraine-conflict-creates-added-complications/?amp=1
2. Global Maritime Industry Players gathered at Maritime Services Leaders Forum to discuss the impact of digitalisation and decarbonisation on maritime services sectors
The Maritime and Port Authority of Singapore (MPA) held the inaugural Maritime Services Leaders Forum on Day 4 of Singapore Maritime Week 2022 to discuss how maritime services need to be evolved to better support digitalisation and decarbonisation efforts in shipping and maritime.
Leading industry experts from diverse maritime services companies gathered today at the forum to engage in high-level dialogue centred around maritime green finance, risk management and dispute resolutions. https://cyprusshippingnews.com/2022/04/08/global-maritime-industry-players-gathered-at-maritime-services-leaders-forum-to-discuss-the-impact-of-digitalisation-and-decarbonisation-on-maritime-services-sectors/?amp=1
3. The Cyprus Foundation of the Sea (CyFOS) organised an informational workshop on ‟Horizon Europe Funding Opportunities” addressed to the Blue Economy Sector
The Cyprus Foundation of the Sea (CyFOS) organised on the 6th of April an informational workshop on ‟Horizon Europe Funding Opportunities” addressed to the Blue Economy Sector.
The event took place at the Limassol Municipal ‘Blue Innovation Centre-Royal Caribbean Group’. It was the first event that was hosted at the newly established centre and CyFOS would like to sincerely thank the Mayor of Limassol, Mr. Nicos Nicolaides, for both offering the space and for attending the event. https://cyprusshippingnews.com/2022/04/07/the-cyprus-foundation-of-the-sea-cyfos-organised-an-informational-workshop-on-horizon-europe-funding-opportunities-addressed-to-the-blue-economy-sector/?amp=1
4. Ørsted and ESVAGT sign agreement on the world’s first green fuel vessel for offshore wind operations
The agreement between Ørsted and ESVAGT is a display of commitment from both companies to the decarbonisation of the maritime industry and will help reduce emissions from offshore operations.
Renewable energy offers a clear path to reach the Paris Climate Agreement’s target of limiting temperature increases to 1.5 °C. However, some sectors – like the maritime sector –face a steeper road towards the target. The maritime sector will need new renewable fuels to reach climate neutrality, and it will need industry leaders to lean into new innovative solutions. https://cyprusshippingnews.com/2022/04/08/orsted-and-esvagt-sign-agreement-on-the-worlds-first-green-fuel-vessel-for-offshore-wind-operations/?amp=1
5. Saverys family come out against Fredriksen’s merger plans
John Fredriksen’s pursuit of Euronav faces a number of hurdles not least from the Saverys family who have come out in public opposing the proposed merger with Frontline.
The Saverys family, via their Compagnie Maritime Belge (CMB), have controlled Euronav since 1997 and are the tanker giant’s top shareholder today with a 13% stake. https://splash247.com/saverys-family-come-out-against-fredriksens-merger-plans/
6. Maersk Air Cargo launches
A.P. Moller-Maersk has decided to heap its aviation offerings into a new brand, Maersk Air Cargo, folding the Star Air branding in the process.
At the same time Maersk has choosen Denmark’s second largest airport, Billund, as its air freight hub for Maersk Air Cargo. https://splash247.com/maersk-air-cargo-launches/
7. Philippines’ Duterte, China’s Xi Call For Restraint In South China Sea
Philippines’ Rodrigo Duterte and Chinese President Xi Jinping stressed the need to exercise restraint to maintain peace in the South China Sea, Manila’s presidential office said on Saturday.
The two leaders held an hour-long telephone summit on Friday, discussing a broad range of topics including concerns over the Ukraine crisis and COVID-19 pandemic responses. https://gcaptain.com/philippines-duterte-chinas-xi-call-for-restraint-in-south-china-sea/
8. Container Feeder Barge: A solution for a grounding such as Ever Forward?
Ever Forward grounded on the Chesapeake Bay on March 13, 2022. The current salvage plan includes removal of a large number of containers – loaded and otherwise – to lighten the vessel and assist in re-floating. But, what equipment will be used? It was reported on the YouTube channel What is Going on With Shipping? w/Sal Mercogliano that one of the cranes to be used will be the Columbia New York. https://gcaptain.com/container-feeder-barge-salvage-ever-forward/
9. Singapore focuses on cyber security and digital plans
Maritime and Port Authority of Singapore (MPA) plans to strengthen cyber security and expand the nation’s sea transport digital platform
Maritime and Port Authority of Singapore (MPA) plans to strengthen cyber security and expand the nation’s sea transport digital platform.
During the Singapore Maritime Technology Conference, MPA signed a memorandum of understanding with the Singapore Shipping Association to improve cyber security in the port with industry partners BW Maritime, Eastport Maritime, Ocean Network Express, Orient Maritime Agencies, Pacific Carriers, Pacific International Lines and Thome Ship Management.
10. Baltic Index Posts Fourth Weekly Loss On Dip In Smaller Vessels
The Baltic Exchange’s dry bulk sea freight index fell for the 12th straight session on Friday as weakness in the supramax and panamax segments outweighed capesize gains.
The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 6 points, or about 0.3%, to 2,055 points, its lowest since Feb. 28. The index fell 12.8% over the week. The capesize index added 27 points, or 1.9%, to 1,444 points, but was down 22.5% for the week. https://www.shippingtribune.com/news/shipping/Baltic+index+posts+fourth+weekly+loss+on+dip+in+smaller+vessels