1. Seanergy Maritime announces proposed spin-off
Seanergy Maritime Holdings announced that it intends to effect a spin-off of the Company’s oldest Capesize vessel, the M/V Gloriuship, through a wholly-owned subsidiary. The newly formed subsidiary, United Maritime Corporation, will act as the holding company for the M/V Gloriuship. United has applied to have its common shares listed on the Nasdaq Capital Market and is expected to adopt a diversified business model, with investments across various maritime sectors. https://cyprusshippingnews.com/2022/06/23/seanergy-maritime-announces-proposed-spin-off/
2. CSC joins the International Chamber of Shipping Centenary Celebrations
The Cyprus Shipping Chamber, participated among a large number of shipowners and shipmanagers’ associations from across the globe, to the Centenary Celebrations of the International Chamber of Shipping (ICS) between 20-23 June, in London, in view of its 100 Years Anniversary since its establishment. The Chamber is a proud member of ICS for 29 years, where it actively represents the Cyprus Shipping Industry and promotes Cyprus’s positions on all ICS policy making committees, including the ICS Board, whilst supporting ICS’s efforts to represent the ship owning community at bodies such as the International Maritime Organisation (IMO). https://cyprusshippingnews.com/2022/06/23/csc-joins-the-international-chamber-of-shipping-centenary-celebrations/m
3. Finland accelerates hydrogen economy with the establishment of Gasgrid a hydrogen transmission company
A national hydrogen network will be established in Finland. On Wednesday 22 June, the Ministerial Committee on Economic Policy supported expanding the group-level mandate of the wholly state-owned Gasgrid Finland Oy to include hydrogen transmission infrastructure and the development of a related hydrogen market in Finland. https://cyprusshippingnews.com/2022/06/23/finland-accelerates-hydrogen-economy-with-the-establishment-of-gasgrid-a-hydrogen-transmission-company/
4. Offshore Dialogue at SMM: More watts with fewer emissions
Rising sea levels, shrinking biodiversity, higher water temperatures: The oceans are suffering from climate change. Humanity must change its course rapidly. Many hopes are pinned on electricity generation on the water, which could propel the maritime energy transition, as well. At the Offshore Dialogue during SMM, experts will explore options for sustainable use of the oceans. The leading international maritime trade fair will take place in Hamburg from 6 to 9 September 2022. https://cyprusshippingnews.com/2022/06/23/offshore-dialogue-at-smm-more-watts-with-fewer-emissions/
5. Samskip and Ocean Infinity press ahead with remotely operated, hydrogen-fuelled containership project
Rotterdam-headquartered liner Samskip and Houston-based marine robotics company Ocean Infinity have secured close to $16m in funding from Norwegian state enterprise Enova to advance the development of zero-emission, remotely operated and autonomous-ready, shortsea container vessels that will operate between Norway and the Netherlands by 2025, creating one of Europe’s first green corridors. https://splash247.com/samskip-and-ocean-infinity-press-ahead-with-remotely-operated-hydrogen-fuelled-containership-project/
6. Container spot rates duck below long-term rates on the transpacific
Business on the key transpacific box trade to the US west coast has hit a critical juncture with softening spot rates having now fallen below long-term contracted rates leading many shippers to start to look at the fine print of their contracts.
Data from Oslo-based platform Xeneta show that short-term rates are now 2.7% lower than contracted agreements, with the former sitting at $7,768 per feu and the long-term rates at $7,981, having shot up an incredible 159.9% year-on-year. https://splash247.com/container-spot-rates-duck-below-long-term-rates-on-the-transpacific/
7. White House Launches Offshore Wind Partnership with East Coast States and Designates Offshore Wind Vessels as ‘Vessels of National Interest’
The Biden Administration has teamed up with eleven East Coast governors to launch a new Federal-State Offshore Wind Implementation Partnership aimed at accelerating the growing offshore wind industry.
The partnership will seek to “support efforts to provide Americans with cleaner and cheaper energy, create good-paying jobs, and make historic investments in new American energy supply chains, manufacturing, shipbuilding, and servicing,” according to a White House statement. https://gcaptain.com/white-house-launches-offshore-wind-partnership-designates-vessels-of-national-interest/
8. Geopolitical Worry Builds Alongside Shipping Profits At Marine Money Week
At the intersection of big banking and big shipping is Marine Money Week 2022, an annual event in Manhattan that hosts executives from both industries. After a long Covid hiatus, the event resumed this week with a mix of jububilent optimism for an industry that’s booming and concern over the climate, a possible recession, and geopolitical tensions. https://gcaptain.com/geopolitical-worry-builds-alongside-shipping-profits-at-marine-money-week/
9. Wärtsilä accelerates Zanzibar port digitalisation project
Wärtsilä Voyage, part of the technology group Wärtsilä, has signed a contract with Fortris Company Ltd to implement its vessel traffic services (VTS) system and VTEK Technology’s terminal operating system at Malindi Port in Zanzibar, Tanzania for Zanzibar Ports Corp (ZPC).
Wärtsilä Voyage’s scope of delivery will see the installation of a suite of its technologies including the company’s advanced intelligent manoeuvring, Navi-Port, 3D, PilotPro units and VTS simulator modules, as well as a web version of Navi-Harbour. https://www.rivieramm.com/news-content-hub/wrtsil-accelerates-zanzibar-port-digitalisation-project-71691
10. World Shipping Council Containers Lost at Sea Report 2022 Update published
In 2021, international liner carriers’ onshore staff and crews managed 6300 ships, successfully delivering vital supplies worth $7 trillion to the people of the world, in approximately 241 million containers. The World Shipping Council (WSC) Containers Lost at Sea Report covering 2020-2021 shows that containers lost overboard represent less than one thousandth of 1% (0.001%). However, the past two years have seen a worrying break in the downward trend for losses, with the average number of containers lost at sea per year since the start of the survey increasing by 18% to 1,629. https://www.shippingtribune.com/news/shipping/World+Shipping+Council+Containers+Lost+at+Sea+Report+2022+Update+published