1. Korean Shipbuilders enjoy 5.7% increase in order intake in 1H22
Korean shipbuilders’ order intake in the first half of this year increased 5.7 percent from the same period of 2021. As of June, the combined order intake of the five major Korean shipbuilders — Hyundai Heavy Industries, Hyundai Mipo Dockyard, Hyundai Samho Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering (DSME) — amounted to US$28.23 billion (about 36.76 trillion won). https://cyprusshippingnews.com/2022/07/29/korean-shipbuilders-enjoy-5-7-increase-in-order-intake-in-1h22/
2. James Fisher and Abu Dhabi’s NMDC Group sign strategic agreement to collaborate globally on marine and subsea projects
James Fisher and Sons plc and Abu Dhabi’s NMDC Group, a major engineering, procurement and construction company working in the marine construction and oil and gas industries, have signed a memorandum of understanding to collaborate on key projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide. https://cyprusshippingnews.com/2022/07/29/james-fisher-and-abu-dhabis-nmdc-group-sign-strategic-agreement-to-collaborate-globally-on-marine-and-subsea-projects/
3. COSCO SHIPPING Ferry names its first 3,000-LIM multipurpose Ro-Ro Cargo ship
On July 21, the naming ceremony of COSCO SHIPPNG Ferry’s first 3,000-LIM multipurpose ro-ro cargo ship, M.V. SHUN LONG HAI, was held at CSSC Guangzhou Shipyard International’s shipyard. The ship is now the most advanced and intelligent large multi-purpose ro-ro cargo ship in China. https://cyprusshippingnews.com/2022/07/29/cosco-shipping-ferry-names-its-first-3000-lim-multipurpose-ro-ro-cargo-ship/
4. Minister of Energy, Commerce and Industry of the Republic of Cyprus, Natasa Pilides says there is positive mobility around Cyprus’ Exclusive Economic Zone
Minister of Energy, Commerce and Industry of the Republic of Cyprus, Natasa Pilides described on Wednesday the mobility around Cyprus’ Exclusive Economic Zone lately as positive, due to the developments in the natural gas sector following Russia’s invasion of Ukraine.
Speaking at a presentation during the Overseas Cypriots conference held in Limassol, she said that since the start of COVID-19, a total of 200 million dollar works concerning the Cyprus EEZ have taken place.
5. Stena Drilling awarded semisub contract with Shell
Aberdeen-based contractor Stena Drilling has landed a new deal with Shell UK for the hire of the 2001-built semisub Stena DonThe firm one-year contract is set to commence in the second quarter of 2023 with an option attached to extend the work scope for up to an additional one-year period. https://splash247.com/stena-drilling-awarded-semisub-contract-with-shell/
6. First ship readies for departure from Ukrainian seaport of Chornomorsk
The 41,550 dwt Rojen bulk carrier (pictured above and below) is readying to depart Ukraine’s port of Chornomorsk today, the first vessel to take part in the the Black Sea Grain Initiative, a deal struck between warring neighbours Ukraine and Russia last week and overseen by Turkiye and the United Nations.
7. High Temperatures Unleash Marine Heatwave In Mediterranean Sea
High temperatures across Europe this month have unleashed a prolonged marine heatwave in the Mediterranean Sea that could ravage ecosystems and kill off several species in the coming weeks, scientists have warned. The extreme heat in recent weeks has already sparked wildfires and led to thousands of heat-related deaths in Europe, but that warmth hasn’t been limited to the land. https://gcaptain.com/high-temperatures-unleash-marine-heatwave-in-mediterranean-sea/
8. Pasha Takes Delivery of LNG-Powered Containership for Hawaii Trade
Hawaii-based Pasha Hawaii has taken delivery of the MV George III, the first LNG-powered ship on the U.S. West Coast and the first to serve Hawaii. The Jones Act-compliant vessel was construction Keppel AmFELS in Brownsville, Texas.
The 774-foot containership is the first of two new 2,525 TEU-capacity ‘Ohana Class ships to join Pasha Hawaii’s fleet, serving the Hawaii/Mainland trade lane. https://gcaptain.com/pasha-takes-delivery-of-lng-powered-containership-for-hawaii-trade/
9. The technology required to make the most of vessel data
Vessels throw off masses of data from a wide range of marine equipment and if this data could efficiently captured, transmitted ashore and analysed, the gains in fuel efficiency and lower emissions would be significant. Large tanker operator Euronav, currently merging with John Fredriksen’s Frontline group, decided to embrace this approach and turned to Codit and its internet of things (IoT) and cloud technology to make it happen. https://www.rivieramm.com/news-content-hub/the-technology-required-to-access-onboard-tanker-data-72222
10. Dips across segments drag Baltic index to 5-month low
The Baltic Exchange’s main sea freight index hit its lowest in over five months on Thursday as rates across vessel segments extended their retreat. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, logged its worst daily fall in a fortnight, shedding 62 points, or 3.1%, to 1,945 points, its lowest since Feb. 17. The capesize index lost 143 points, or 6.1%, to a three-week low of 2,190 points, heading into the fourth straight session of declines. https://www.shippingtribune.com/news/shipping/Dips+across+segments+drag+Baltic+index+to+5-month+low