1. ADNOC L&S acquires 3 additional new-build vessels to meet growing global demand for LNG
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC) and the region’s largest shipping and logistics company, announced today its decision to purchase three additional liqueified natural gas (LNG) vessels. ADNOC L&S is the region’s largest shipping and integrated logistics company and the state-of-the-art new-build vessels will bolster the company’s capacity as it responds to the growing global demand for LNG. https://cyprusshippingnews.com/2022/06/03/adnoc-ls-acquires-3-additional-new-build-vessels-to-meet-growing-global-demand-for-lng/
2. Lloyd’s Register approves Neda Maritime’s power limitation technology
Shaft Power Limitation system, developed in conjunction with SELMA, optimises tanker engine output ahead of impending EEXI regulations.
Lloyd’s Register has approved the first Shaft Power Limitation (ShaPoLi) system that will be fitted onboard a 319,000 dwt very large crude carrier Aragona, operated by Neda Maritime Agency. https://www.shippingtribune.com/news/shipping/Lloyd%E2%80%99s+Register+approves+Neda+Maritime%E2%80%99s+power+limitation+technology
3. IMO-Norway GreenVoyage2050 project extended
The IMO-Norway GreenVoyage2050 project, which provides support to developing countries to reduce Greenhouse Gas (GHG) emissions from ships, has been extended to December 2023. Phase I of the project was scheduled to end on 19 May 2022 but was granted an extension by the Government of Norway in response to the challenges posed by the COVID-19 pandemic. https://cyprusshippingnews.com/2022/06/03/imo-norway-greenvoyage2050-project-extended/
4. Strong tanker market due to sanctions and high demand for oil
The product tanker market has strengthened significantly during April and May, with market rates at much higher levels than for both Q1 2022 and the full year 2021. At the end of May, average spot market earnings for an MR vessel (clean) was about $36,000 per day*. The time charter market has also strengthened and a three-year contract for an MR tanker is currently $15,000-18,000 per day, depending to some extent on the vessel’s design. https://cyprusshippingnews.com/2022/06/03/strong-tanker-market-due-to-sanctions-and-high-demand-for-oil/
5. “The authorities have to make a commitment to the ports and infrastructures” says the president of the Port Authority of Valencia Aurelio Martínez
The president of the Port Authority of Valencia (PAV) points out that “the energy transition, digitalisation, innovation and geopolitical changes are the great challenges facing the port sector”
Martínez points out that the new container terminal “will use the most advanced technologies, including Artificial Intelligence, to manage operations under the principle of zero emissions” https://cyprusshippingnews.com/2022/06/03/the-authorities-have-to-make-a-commitment-to-the-ports-and-infrastructures-says-the-president-of-the-port-authority-of-valencia-aurelio-martinez/
6. LNG champion CMA CGM orders its first methanol-fuelled ships
Methanol as a leading contender for a fuel of the coming decades has been given a huge fillip with news that a champion of LNG has ordered its first methanol ships.
France’s CMA CGM, to date the most heavily invested shipping company in the world when it comes to LNG propulsion, has made its first methanol orders, following in the footsteps of Denmark’s Maersk. https://splash247.com/lng-champion-cma-cgm-orders-its-first-methanol-fuelled-ships/
7. NGO Shipbreaking Platform points to increasing number of accidents at Kabir breaking yards
The coalition campaigning for clean and safe ship recycling said workers Mohammad Bakul Pramanik and Ariful Islam Sujan both lost their lives at KSRM’s yards, and Mujidul Haque, Shalim and Md Rofiqul were seriously injured in separate accidents. Another worker, Shahjahan, suffered a spine injury at one of the KSRM yards. https://splash247.com/ngo-shipbreaking-platform-points-to-increasing-number-of-accidents-at-kabir-breaking-yards/
8. Hurricane Season 2022 Begins
Heavy rains are threatening to topple a century-old record in Miami even if the storm that brought them doesn’t have a name.
The system, dubbed “a potential tropical cyclone” by the National Hurricane Center, swept in from the Gulf of Mexico and is wringing itself out across south Florida on its way toward the Atlantic later Saturday. Forecasters had thought it would become Tropical Storm Alex, but larger weather patterns have torn at its structure, the center said. https://gcaptain.com/hurricane-season-2022-begins/
9. Iran’s Seizure of Oil Tankers Responds to ‘Robbery,’ Leader Says
Iran’s supreme leader said his country’s seizure of two Greek oil tankers in Persian Gulf waters last month was a direct response to the US and Greece’s “robbery” of Iranian crude.
“Our oil was stolen off the Greek coasts,” Ayatollah Ali Khamenei said in a televised speech on Saturday. “We took back what was stolen from us. Who’s the thief?” https://gcaptain.com/irans-seizure-of-oil-tankers-responds-to-robbery-leader-says/
10. Sulnorte builds tug fleet for Brazilian ports
Sulnorte has ordered 11 tugs to enhance towage capabilities to meet rising ship-handling demand
Sulnorte has come through an extremely challenging period, due to the global Covid-19 pandemic, to set bold goals for fleet expansion.
It is committed to developing its tugboat fleet to meet rising demand in Brazilian ports and achieving sustainable operations through lower fuel consumption. https://www.rivieramm.com/news-content-hub/sulnorte-builds-tug-fleet-for-brazilian-ports-71317