InterManager Daily News 10.05.2022.

1. Wellness at Sea

Since the pandemic hit, more than half of rotational workers, including seafarers, are suffering increased stress and anxiety, according to the SOS Foundation and Affinity Health at Work study ‘Mental Health and the Remote Rotational Workforce’ (2021).

Seafaring was already one of the most challenging jobs in the world, and now the pandemic has imposed huge levels of stress onto the maritime industry and the seafarers who keep it going. https://cyprusshippingnews.com/2022/05/06/wellness-at-sea/?amp=1

2. Barbados Port Inc. (BPI) joins International Port Community Systems Association (IPCSA)

Barbados Port Inc. (BPI), the newest member of the International Port Community Systems Association (IPCSA), is looking forward to deepening relations with IPCSA while it continues to change the dynamics of logistics at the Port of Bridgetown with the introduction of its own Port Community System. https://cyprusshippingnews.com/2022/05/06/barbados-port-inc-bpi-joins-international-port-community-systems-association-ipcsa/?amp=1

3. Navigating safely through the seasonal fishing ban in Chinese waters

The seasonal fishing ban in China came into force on 1 May 2022. Similar to the increase in fishing traffic seen in the period before the start of the ban, the number of fishing boats is expected to increase significantly once the ban comes to an end. As some illegal fishing activities may still continue in some areas during the ban, ship operators and masters are advised to take additional precautions when planning a voyage to and from Chinese ports during this period. https://cyprusshippingnews.com/2022/05/06/navigating-safely-through-the-seasonal-fishing-ban-in-chinese-waters/?amp=1

4. HAV Group receives preliminary approval for hydrogen-based energy system for ships

“Hydrogen can be the key to achieve zero-emission shipping. This regulatory approval takes us an important step towards commercializing our hydrogen solutions and realizing the zero-emission ambition. The learnings from this comprehensive approval process are highly important for HAV Hydrogen’s competence in designing hydrogen system solutions,” says Kristian Osnes, project manager for the FreeCO2ast Project and managing director at HAV Hydrogen. https://cyprusshippingnews.com/2022/05/06/hav-group-receives-preliminary-approval-for-hydrogen-based-energy-system-for-ships/?amp=1

5. Liquimar Tankers and Evridiki Navigation sentenced in US for obstructing justice and concealing deliberate pollution

Liquimar Tankers Management Services and Evridiki Navigation were sentenced last week after being convicted at trial on all charges related to violating the Act to Prevent Pollution from Ships, falsifying ships’ documents, obstructing a US Coast Guard inspection and making false statements to US Coast Guard inspectors. https://splash247.com/liquimar-tankers-and-evridiki-navigation-sentenced-in-us-for-obstructing-justice-and-concealing-deliberate-pollution/

6. BOEM gives environmental green light to northern California offshore wind development

The US Bureau of Ocean Energy Management (BOEM) last week announced it has completed its environmental review of potential impacts from offshore wind energy leasing activities in the Humboldt Wind Energy Area (WEA), located 20 miles offshore northern California. Based on its analysis, BOEM has issued a finding of no significant impact. https://splash247.com/boem-gives-environmental-green-light-to-northern-california-offshore-wind-development/

7. Royal Caribbean Signals Slow Summer Demand In Europe

Royal Caribbean Group RCL.N on Thursday flagged slow summer demand for European cruises due to the Ukraine crisis, after a dull first quarter as it reeled under a resurgence in COVID infections in some parts of the world.

Shares of the cruise operator fell about 5% to $73.87 after Royal Caribbean Group said higher fuel and food costs, spurred by inflationary and supply chain-related challenges, are expected to weigh on 2022 earnings. https://gcaptain.com/royal-caribbean-signals-slow-summer-demand-in-europe/

8. Contracting reduced to a fraction of 2021 levels

The volume of tanker contracting has fallen to just 10% of that in 2021, although S&P activity remains at historically high levels

Any announcement or even rumour of a tanker newbuilding order is headline news in 2022, such is the lack of activity in this area. Conversely, newbuilding prices continue to climb, despite the lack of contracts against which to peg values – the driving force being the lost opportunity cost to the shipyard in taking a tanker order, versus a highly lucrative container ship contract. https://www.rivieramm.com/news-content-hub/contracting-reduced-to-a-fraction-of-2021-levels-71000

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. Russian Invasion Of Ukraine Accelerates Product Tanker Market Recovery

For investors in listed tanker “names”, the changes have brought outsize gains- especially notable as broader market indices have stumbled. The insights from analysts following the listed stocks provide commentary that not only describes the present, but also looks towards possible future developments. https://www.shippingtribune.com/news/shipping/+Russian+invasion+of+Ukraine+accelerates+product+tanker+market+recovery

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