1. Scorpio Tankers announced exercise of purchase option on six leased vessels
Scorpio Tankers announced that the Company has repurchased its common shares and convertible notes due 2025, and the Company has given notice to exercise its purchase options on six leased vessels. https://cyprusshippingnews.com/2022/07/08/scorpio-tankers-announced-exercise-of-purchase-option-on-six-leased-vessels/
2. Europe & Africa Bunker Fuel Availability Outlook by ENGINE
Prompt availability of HSFO and VLSFO is said to be tight in ARA ports, while some suppliers can offer prompt deliveries of LSMGO, sources say.
The recommended lead time for VLSFO in the ARA is 3-6 days, and seven or more days for HSFO stems, a source says. https://cyprusshippingnews.com/2022/07/08/europe-africa-bunker-fuel-availability-outlook-by-engine-6/
3. MOL PLUS to invest in WOTA, small-scale decentralised water recycling system
MOL PLUS announced investment in WOTA , which develops and offers small-scale decentralized water recycling system and technology for an autonomous control system for water treatment. https://cyprusshippingnews.com/2022/07/08/mol-plus-to-invest-in-wota-small-scale-decentralised-water-recycling-system/
4. A quarter of global hydrogen set for trading by 2050
To make hydrogen trade cost-effective, the costs of producing and trading green hydrogen must be lower than domestic production to offset higher transport costs. A new report series released by the International Renewable Energy Agency (IRENA) sees hydrogen trade significantly contributing to a more diversified and resilient energy system. https://cyprusshippingnews.com/2022/07/08/a-quarter-of-global-hydrogen-set-for-trading-by-2050/
5. Golden Ocean orders three dual-fuel kamsarmax bulkers in China as two ultramaxes ship out
The Nasdaq and Oslo-listed bulker owner, which currently has seven ships under construction at China’s Dalian Shipbuilding Industry Corp (DSIC), said the 85,000 dwt eco-type trio will be built at the same shipyard and delivered in the third quarter of 2024 and the first quarter of 2025. No price has been revealed. https://splash247.com/golden-ocean-orders-three-dual-fuel-kamsarmax-bulkers-in-china-as-two-ultramaxes-ship-out/
6. DHL taps into Hapag-Lloyd’s biofuel offering
Advanced biofuels are based on raw biological materials, such as used cooking oil and other waste products, to manufacture a fatty acid methyl ester (FAME), which is then mixed with varying proportions of low-sulfur sulphur fuel oil, explained the Hamburg-based liner, adding that compared to standard fuels, this pure biofuel product lowers greenhouse gas emissions by more than 80%. https://splash247.com/dhl-taps-into-hapag-lloyds-biofuel-offering/
7. Korean methanol dual-fuel VLCC design gets stamp of approval
South Korean shipbuilder Hyundai Heavy Industries (HHI) has developed a methanol dual-fuel very large crude carrier (VLCC). The vessel’s design is based on the 300,000 dwt VLCC developed under a joint project between the class society Korean Register (KR) and HHI.
https://splash247.com/korean-methanol-dual-fuel-vlcc-design-gets-stamp-of-approval/
8. Three Competitive Advantages of Vessel Performance Monitoring
Like many industries, shipping currently faces numerous notable challenges, but a recent research report on behalf of DTN revealed longer-term priorities. Non-regulation-driven carbon emissions, decarbonization regulations, and digitalization topped the list of the most significant pressures, according to participants. https://gcaptain.com/three-competitive-advantages-of-vessel-performance-monitoring/
9. Jeff Bezos Won’t Dismantle Historic Rotterdam Bridge
A historic Rotterdam bridge that needed to be dismantled for billionaire Jeff Bezos’s new superyacht will be left intact — at least for now.
Oceanco, the company building the world’s largest sailing yacht for the Amazon.com co-founder informed Rotterdam City Council that it won’t request the dismantling of the lift bridge De Hef, according to two council members. https://gcaptain.com/jeff-bezos-dismantle-bridge/
10. World’s largest containership will fly the flag of Panama
THE Panama Ship Registry has flagged the world’s largest containership, the 24,000-TEU Ever Alot with the flag of Panama, adding to the 18-vessel fleet of the 20 biggest box ships in the world.
The vessel has impressive dimensions, with a length of 400 metres, the size of three and a half soccer fields and a draft of 17 metres. https://www.shippingtribune.com/news/shipping/World%27s+largest+containership+will+fly+the+flag+of+Panama
