1. RightShip to acquire Thynk Software’s maritime tech business
Digital maritime platform RightShip has agreed to acquire the maritime technology business of product development and software consultancy Thynk Software. RightShip launched its platform 18 months ago after close collaboration with Thynk, and the acquisition is said to provide the company with an opportunity to solidify its very foundation as a digital product builder. https://splash247.com/rightship-to-acquire-thynk-softwares-maritime-tech-business/
2. Fameline acquires maritime satellite communication companies World Link and Telaccount from Schulte Group
Fameline Technologies Group Ltd, a subsidiary of the Fameline Holdings group, acquires the maritime satellite communication businesses of the Schulte group, namely World Link Communications and Telaccount Overseas.
3. Six maritime giants launch innovation competition to drive Diversity, Equity, and Inclusion (DEI)
Thome Group, together with other maritime giants Hafnia, Anglo American, RightShip, Rio Tinto, and Wilhelmsen have joined forces to launch Maritime Diversity, Equity & Inclusion Innovation Lab 2022.The innovation lab is an open competition for interested participants (individuals, institutions, companies, students etc.) to submit their ideas on addressing DEI in the maritime industry. https://cyprusshippingnews.com/2022/08/03/six-maritime-giants-launch-innovation-competition-to-drive-diversity-equity-and-inclusion-dei/
4. Ships to undergo CIC inspections focused on STCW compliance, Paris and Tokyo MOUs reveal
A new Concentrated Inspection Campaign has been announced by the Paris and Tokyo MOUs , specifically focusing on STCW compliance. So, ship owners, operators, Masters and crews should now focus on the specific details as clearly identified by them as listed below.
5. Corporations reducing investment in China
The European Union Chamber of Commerce in Korea announced on Aug. 1 that 23 percent of European enterprises canceled or postponed their investment in China in the second quarter of this year. This is because China’s economic growth is slowing down and the United States and the European Union are reshaping global supply chains against China.
6. Russia Finds a New Oil Trading Route Via Tiny Egyptian Port?
Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow. A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its Mediterranean coast early on July 24. A few hours later, another vessel collected a consignment from the port — which may have included some or all of the Russian barrels — according to vessel-tracking data monitored by Bloomberg. https://gcaptain.com/russia-finds-a-new-oil-trading-route-via-tiny-egyptian-port%ef%bf%bc/
7. Singapore Suspends Glencore Unit’s Bunker License Over Contaminated Fuel Supply
A Singaporean unit of commodities trading giant Glencore has had its bunker supplier license suspended for two months after an investigation revealed that it intentionally supplied contaminated fuel to ships at the Port of Singapore. A unit of PetroChina was cleared of any wrongdoing. https://gcaptain.com/singapore-suspends-glencores-bunker-license-over-contaminated-fuel-supply/
8. FMC unveils plan for data collection initiative mandated by the Ocean Shipping Reform Act
The US Federal Maritime Commission is seeking public comments on its proposed plan for gathering import and export information from vessel-operating common carriers that is required under the Ocean Shipping Reform Act of 2022 (OSRA). The law mandates that the FMC collect and publish total import and export tonnage and the total loaded and empty 20-foot equivalent units (TEU) per vessel of vessels calling the US, with all necessary information to be provided by the carriers. The Commission will report this information each quarter. https://splash247.com/fmc-unveils-plan-for-data-collection-initiative-mandated-by-the-ocean-shipping-reform-act/
9. Strict leak management needed to derisk ammonia
MSince the smallest shipboard leaks of ammonia pose serious threats to human health, shipowners will be challenged to safeguard life through enhanced ship design, improved vapour gas processing and greater safety zones than is the case for LNG. These were some of the key findings that emerged from a preliminary study undertaken by Bureau Veritas (BV) and TotalEnergies that examined ammonia shipboard leaks. Evaluations explored different scenarios regarding the frequency and volume of leaks for single-wall and double-wall containment, as well as during bunkering operations. https://www.rivieramm.com/news-content-hub/strict-leak-management-needed-to-derisk-ammonia-72288
10. Baltic index slides to 6-month low as vessel rates falter
The Baltic Exchange’s main sea freight index dropped to its lowest since February on Wednesday, extending its decline to the eighth day, on lower demand across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 86 points, or 4.7%, to 1,731 points. https://www.shippingtribune.com/news/shipping/Baltic+index+slides+to+6-month+low+as+vessel+rates+falter