1. Shipowners and industry leaders show the way for sustainable shipping
HELMEPA’s game changer event on Sustainable Shipping brought together over 420 shipping stakeholders who attended a lively debate between top leading shipowners and cross-industry executives on the role of shipping in the energy transition, and the technologies and management approaches required to progress the sector’s sustainability agenda. https://cyprusshippingnews.com/2022/06/17/shipowners-and-industry-leaders-show-the-way-for-sustainable-shipping/
2. Industry giants gain unprecedented insight into the climate impact of their shipping activities
For the first time, some of the world’s largest energy, agriculture, mining, and commodity trading companies publish the climate alignment of their shipping activities and gain access to new data that will allow them to work with their business partners in driving carbon efficiency and reductions and align their chartering activities with climate action goals. https://cyprusshippingnews.com/2022/06/17/industry-giants-gain-unprecedented-insight-into-the-climate-impact-of-their-shipping-activities/
3. Sanctions from Western countries have weakened the oil and gas construction pipeline in Russia and Eastern Europe, says GlobalData
The sanctions placed on Russia as a result of the Russia-Ukraine conflict has led to a $237.5 billion decline in the Eastern Europe oil and gas project pipeline as restricted access to intermediate goods and international capital have halted the construction of numerous oil and gas projects, says GlobalData, a leading data and analytics company. https://cyprusshippingnews.com/2022/06/17/sanctions-from-western-countries-have-weakened-the-oil-and-gas-construction-pipeline-in-russia-and-eastern-europe-says-globaldata/
4. Georgia Ports Authority joins Green Marine
Operating the deepwater ports of Savannah and Brunswick along with two inland terminals, GPA is active on various fronts when it comes to sustainable development, winning an EPA Clean Air Excellence Award for its efforts. These include implementing LED terminal lighting, converting its fleet of container handling equipment and trucks to ultra-low sulphur diesel, and using electric rubber-tired gantry cranes and ship-to-shore cranes equipped with integrated generators that capture power while lowering containers. GPA’s on-terminal switching at the new Mason Mega Rail Terminal also drastically reduces commuter idling at rail crossings. https://cyprusshippingnews.com/2022/06/17/georgia-ports-authority-joins-green-marine/
5. Car Carrier grounds off Russia after suffering hull breach in the Black Sea
A Cameroon-flagged car carrier Lider Bulut was grounded in the Black Sea off the coast of the Russian town of Tuapse after it developed a heavy starboard list due to a hull breach that caused the flooding of the ship’s engine room. According to Russian media citing the Federal Agency for Maritime and River Transport (Rosmorrechflot), the inspection, which took place after the 142 m long vessel was intentionally grounded to avoid capsizing, discovered several holes in the ship’s hull. The cause of the accident is yet to be reported. https://splash247.com/car-carrier-grounds-off-russia-after-suffering-hull-breach-in-the-black-sea/
6. Chinese dominate new entries into the top 50 liner rankings
Since the pandemic started there’s been plenty of changes in the liner rankings, not just at the top where Mediterranean Shipping Co (MSC) has replaced Maersk. In its latest weekly report, liner consultancy Sea-Intelligence has charted which carriers have risen up through the ranks over the past two and a half years and how the lines have tried to wean themselves off the charter market during the current sky high markets. https://splash247.com/chinese-dominate-new-entries-into-the-top-50-liner-rankings/
7. US Navy’s Giant Underwater ‘Orca’ Drone Is Running Years Late
Boeing Co. is expected to deliver Orca –an underwater drone the size of a subway car that’s envisioned to lay mines and perform other missions for the US Navy — as much as three years later than planned. As the Navy works to incorporate pilotless ships in its future fleet, budget documents show the first of five operational Orca drones may be delivered in September 2023, rather than December 2020, “due to contractor challenges and supplier issues.” https://gcaptain.com/us-navys-giant-underwater-orca-drone-is-running-years-late/
8. Giant Cruise Ship’s Maiden Voyage May Be To A Scrapyard
An unfinished mega-liner that was to be one of the world’s biggest cruise ships by capacity is sitting in a German shipyard, waiting to be scrapped, because bankruptcy administrators can’t find a buyer, according to cruise industry magazine An Bord. The lower hull of a liner known as Global Dream II, the second global class vessel from insolvent MV Werften shipyard on Germany’s Baltic coast, is to be disposed of at scrap price, An Bord reported, citing insolvency administrator Christoph Morgen. Machinery and much of the equipment, which had already been delivered, are to be sold, the German magazine cited Morgen as saying at a press conference on Friday. https://gcaptain.com/giant-cruise-ships-maiden-voyage-may-be-to-a-scrapyard/
9. Not if but when: Turkey ‘could hold offshore wind auction in 2025’
There is a realistic prospect of Turkey holding an auction for offshore wind in 2025, if key steps are taken, delegates at a WindEurope webinar heard
Turkey has a large and growing population, increasing demand for electricity, is developing a national energy plan that includes a commitment to renewables and reduced dependence on fossil fuels, and it has a net zero target in 2053. https://www.rivieramm.com/news-content-hub/turkey-could-hold-offshore-wind-auction-in-2025-71627
10. Iron Ore Prices Recorded Eight Days of Drop as Expected Steel Mill Output Cuts Intensified Pessimism
Affected by the news of output cuts at steel mills, ferrous metals prices continued to fall today, with iron ore futures down 3.26% at 844.5 yuan/mt as of CST 10:20, recording eight consecutive days of drop.
The decline was mainly due to weak end demand and poor market sentiment. At the same time, the pessimism in the market has intensified due to the expected production reduction by steel mills. https://www.shippingtribune.com/news/shipping/Iron+Ore+Prices+Recorded+Eight+Days+of+Drop+as+Expected+Steel+Mill+Output+Cuts+Intensified+Pessimism
