InterManager Daily News 16.05.2022.

1. Inmarsat welcomes Netherlands 3.5ghz Advisory Committee report

Commenting on the report to the Dutch Ministry of Economic Affairs and Climate from the Advisory Committee on 3.5GHz Communications Jason Smith, Inmarsat Chief Operating Officer, said:

“Inmarsat is pleased to read the recommendations from the Advisory Committee to the Ministry on the National Frequency Plan and the focus on the necessary protection of essential safety services provided via satellite by the company from Burum in Friesland. (…)”

https://cyprusshippingnews.com/2022/05/13/inmarsat-welcomes-netherlands-3-5ghz-advisory-committee-report/

2. Mitsubishi Heavy Industries Engineering establishes branch office in Canada focused on decarbonisation business

Mitsubishi Heavy Industries Engineering a Mitsubishi Heavy Industries Group company, has newly established a branch office in western Canada to conduct business relating to decarbonization. Located in Calgary in the province of Alberta, the Mitsubishi Heavy Industries Engineering Calgary Branch Office will enhance the company’s presence in the region by performing timely operations to introduce its carbon capture technologies, a field in which MHIENG holds a top global market share. Establishment of the new branch office is part of MHI Group’s energy transition program integrating its comprehensive expertise in carbon capture. https://cyprusshippingnews.com/2022/05/13/mitsubishi-heavy-industries-engineering-establishes-branch-office-in-canada-focused-on-decarbonisation-business/

3. Damen Naval to employ DC-grid power generation and distribution system on board of German Navy F126 frigates

Damen Naval signed a contract with ABB to supply its Onboard DC Grid systems for all four F126 frigates that are under construction for the German Navy. This includes transformers, generators, tunnel thruster motors, energy storage systems, as well as associated control systems and cybersecurity solutions. This contract marks a clear shift in how the naval ships of tomorrow will not only meet the increasingly complex demands of their operators, but also fulfill the public and political expectations for decreasing emissions from naval fleets.

https://cyprusshippingnews.com/2022/05/13/damen-naval-to-employ-dc-grid-power-generation-and-distribution-system-on-board-of-german-navy-f126-frigates/

4. Cyprus-Greece ferry link is successful and could be extended to one more country says Vassilios Demetriades, Shipping Deputy Minister

The ferry link between Cyprus and Greece that will soon resume after 21 years is a successful project and must be embraced to become viable, Deputy Minister for Shipping Vasilis Demetriades has said, adding that in the near future it could be extended to include a neighboring country. “The ferry connection between Cyprus and Greece is a successful project, since after 21 years we managed to give an alternative option to our fellow citizens and create the framework for further development of maritime tourism between the two countries”, Demetriades said. https://cyprusshippingnews.com/2022/05/13/if-cyprus-greece-ferry-link-becomes-successful-could-be-extended-to-one-more-country-says-vassilios-demetriades-shipping-deputy-minister/

5. Shanghai authorities claim city will open up next week

May 20 has been given as the first official deadline for Shanghai, China’s largest city, to open up. The metropolis, home to the world’s largest container port, entered lockdown in late March for what was meant to be 10 days as part of China’s strict zero-covid policy. Most of the city’s 25m population have been living in lockdown ever since with a deleterious effect on local transport as the trucking chart below illustrates. https://splash247.com/shanghai-authorities-claim-city-will-open-up-next-week/

6. India ramps Russian imports

India’s close ties with Russia have seen it ramp up purchases of bargain commodities in the two and a half months since the invasion of Ukraine began.

Data from S&P Global Market Intelligence shows India’s seaborne crude oil imports surpassed 4.8m barrels per day in April, the highest on record, with higher Middle East and Russian volumes displacing cargoes from further afield, such as the US, Canada and West Africa. https://splash247.com/india-ramps-russian-imports/

7. ‘Straw Owner’ Hides $1 Billion Worth of Russian Yachts

In the race to seize assets tied to sanctioned Russian billionaires, US authorities are alleging that a Russian tycoon acted as the “straw owner” of two yachts worth more than $1 billion, including the $700 million Scheherazade, a superyacht linked to Russian President Vladimir Putin. https://gcaptain.com/straw-owner-hides-1-billion-worth-of-russian-yachts/

8. World-first: autonomous commercial ship voyage in congested water completed

The incident-free, 790-km autonomous voyage set sail from Tokyo Bay, avoiding up to 500 ships in its 40-hour journey The world’s first autonomous commercial ship voyage in congested waters has been successfully completed after 40 hours of navigation, with full autonomy being activated 99% of the journey’s time.

The container ship was powered by Orca AI, in partnership with the Designing the Future of Full Autonomous Ships (DFFAS) and The Nippon Foundation. https://www.rivieramm.com/news-content-hub/world-first-autonomous-commercial-ship-voyage-in-congested-water-completed-71116

9. Class approves hydrogen fuel cells

Classification societies have approved technologies for emissions-free propulsion on vessels in preparation for their first installation and testing

Bureau Veritas (BV) approved the second generation of the REXH2 hydrogen fuel cell, created by Energy Observer Developments.

Approval in principle (AIP) was provided for REXH2 following a thorough design review against the latest classification rules and regulations. https://www.rivieramm.com/news-content-hub/class-approves-hydrogen-fuel-cells-71114

10. Historic Price Spikes Lead To Record LNG Imports Into Europe

Record-breaking price spikes in Europe’s wholesale natural gas market in March prompted a response from global LNG supply sources that the region has never seen before, an analysis of data from S&P Global Commodity Insights showed.

Exacerbated by military conflict between Russia and Ukraine, the historic March price spike was also a product of intensified efforts to restock with inventory mandates looming, alongside a pressing need to quickly source alternatives without Russian-baseload supply through Yamal, the canceled Nord Stream 2 system, and for buyers who have rejected the new payment system for contractual supplies. https://www.shippingtribune.com/news/shipping/Historic+price+spikes+lead+to+record+LNG+imports+into+Europe

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