1. Russia’s maritime expansionism in the Black Sea region
Following the illegal occupation and annexation of Crimea in 2014, Russia has made great efforts to strengthen its control over the maritime areas in the northern part of the Black Sea and the natural resources located there. This has contributed to a further deterioration in the security situation in the region. https://cyprusshippingnews.com/2022/05/06/russias-maritime-expansionism-in-the-black-sea-region/?amp=1
2. Simplifying the supply chain with Maersk
Maersk itself has undergone a journey, too. The logistics giant was founded in Svendborg, Denmark in 1905 by sea captain Peter Mærsk Møller, and over the course of the 20th century grew to become one of the most valuable publicly traded companies in the world. Today, its vast logistics network spans 130 countries and moves tens of billions of dollars worth of goods around the world each year. https://cyprusshippingnews.com/2022/05/06/simplifying-the-supply-chain-with-maersk/?amp=1
3. Stolt Tankers to purchase three 33,600 DWT Chemical Tankers
Stolt-Nielsen announced that Stolt Tankers B.V. has entered into agreements to acquire three 33,600 dwt stainless steel chemical tankers built in Japan. The ships are expected to be delivered into Stolt Tankers’ fleet between July and September 2022. https://cyprusshippingnews.com/2022/05/06/stolt-tankers-to-purchase-three-33600-dwt-chemical-tankers/?amp=1
4. Sustainable Maritime Transport in Caribbean
A new programme to develop and implement a Sustainable Maritime Transport system in the Caribbean has begun in a preparatory phase, aimed at supporting the small island developing states of the Caribbean region to build-back better from the impact of the COVID-19 pandemic on the maritime sector. https://cyprusshippingnews.com/2022/05/06/sustainable-maritime-transport-in-caribbean/?amp=1
5. No lockdown let up in China as damaging economic data rolls in
Shanghai officials have claimed, once again, that they are overcoming the worst of the covid crisis, six weeks after the China’s largest city went into lockdown.
In Beijing, meanwhile, president Xi Jinping has vowed to continue with his zero-covid policy despite the deleterious effects it has had on the national economy this year. https://splash247.com/no-lockdown-let-up-in-china-as-damaging-economic-data-rolls-in/
6. Singapore lays the blame for this year’s big fuel contamination scandal with suppliers from the UAE
With 200 ships hit hard by off-spec high sulphur fuel oil sold in Singapore by Glencore and PetroChina in February and March, the MPA has been investigating the outbreak over the past month, the results of which show the complex supply chains involved in delivering bunker fuels around the world. https://splash247.com/singapore-lays-the-blame-for-this-years-big-fuel-contamination-scandal-with-suppliers-from-the-uae/
7. Top Navy Admiral Quietly Removes ‘Woke’ Books From CNO Reading List
The US Chief of Naval Operations (CNO) Admiral Mike Gilday released an update to the CNO Professional Reading Program. Gone from the list are socially progressive books that ignited conservative anger last year. Books like Ibram X. Kendi bestseller How to Be an Antiracist and Michelle Alexander’s The New Jim Crow, Mass Incarceration in the Age of Colorblindness. https://gcaptain.com/gilday-removes-woke-books-cno-reading-list/
8. Climeon Introduces Next-Gen WHR Technology: HeatPower 300 Marine
Climeon’s latest waste heat recovery solution, HeatPower 300 Marine, received a positive reception when it was introduced to the industry at Seatrade Cruise Global in April. The low-temp waste heat recovery system (WHR) is designed by marine engineers for application in the maritime industry and heralds a new era in sustainable shipping. https://gcaptain.com/climeon-introduces-next-gen-whr-technology-heatpower-300-marine/
9. Danish Prime Minister to host leaders’ summit on offshore wind
Danish Prime Minister Mette Frederiksen will host a summit meeting on offshore wind in the North Sea on 18 May 2022
The North Sea Summit will include the President of the European Commission, Ursula von der Leyen; German Chancellor, Olaf Scholz; Prime Minister of the Netherlands, Mark Rutte; and Prime Minister of Belgium, Alexander De Croo. https://www.rivieramm.com/news-content-hub/danish-prime-minister-to-host-leaders-summit-on-offshore-wind-70996
10. Displaced Russian Barrels Mean ‘Permanent Changes’ To Tanker Trade: International Seaways
Impacts to trade flows seen from geopolitical fallout of Russia’s invasion of Ukraine are expected to have long-lasting bullish effects in the tanker market, tanker owner International Seaways said May 4. “We anticipate permanent changes to oil movements and trade patterns related to Russia’s invasion of the Ukraine,” CEO Lois Zabrocky said in the company’s first-quarter 2021 earnings call. https://www.shippingtribune.com/news/shipping/Displaced+Russian+barrels+mean+%E2%80%98permanent+changes%E2%80%99+to+tanker+trade%3A+International+Seaways
