1. Korea’s top 3 shipbuilders account for 55% of global ship orders in July
Their order intake in July amounted to 1.16 million CGT (19 ships), accounting for 55 percent of the global shipbuilding order volume of 2.1 million CGT (70 ships), Clarkson Research said on Aug. 9. They took first place for three months in a row. Chinese shipbuilders posted 620,000 CGT (35 ships, 30 percent) during the same period.
From January to July, Korea’s order intake added up to 11.13 million CGT (204 ships, 47 percent), surpassing China’s 10.07 million CGT (383 ships, 42 percent). https://cyprusshippingnews.com/2022/08/10/koreas-top-3-shipbuilders-account-for-55-of-global-ship-orders-in-july/
2. German Chancellor Olaf Scholz says Innovation creates Hope for Society at SAP’s 50th anniversary celebration
At SAP’s 50th anniversary celebration, German Chancellor Olaf Scholz and Prime Minister Winfried Kretschmann called for cooperation between the government and the digital economy. There was plenty of reason to celebrate on Friday evening at the SAP Arena in Mannheim, close to SAP’s German headquarters in Walldorf. Today, 50 years after it was founded, SAP is the most successful German software company and the flagship of the German digital economy, Scholz said in a speech to some 850 invited guests. https://cyprusshippingnews.com/2022/08/10/german-chancellor-olaf-scholz-says-innovation-creates-hope-for-society-at-saps-50th-anniversary-celebration/
3. LNG carrier prices nearing all-time high
Prices of liquefied natural gas carriers are skyrocketing. Analysts expect a further rise in LNG carrier prices as a big change is underway in the global LNG supply and demand system and demand for eco-friendly energy will increase.The price of an LNG carrier in July stood at US$236 million, up US$5 million from the previous month, according to Clarkson Research, a U.K. shipbuilding and shipping market research company. The Clarkson Newbuilding Index reached 161.57 points, extending the growth streak to 20 months since December 2020. https://cyprusshippingnews.com/2022/08/10/lng-carrier-prices-nearing-all-time-high/
4. Topsoe joins Circular Industrial Plastics initiative to increase plastic recycling by 20%
“By joining forces, we expect to significantly increase knowledge and improve technologies for recycling of plastics. This project willaddress the issue of plastic waste that our society is struggling with by speeding up the transition to circular economy,” says Kim Grøn Knudsen, Chief Strategy and Innovation Officer at Topsoe. https://cyprusshippingnews.com/2022/08/10/topsoe-joins-circular-industrial-plastics-initiative-to-increase-plastic-recycling-by-20/
5. US east coast empty container congestion due to ‘lack of accountability’: FMC commissioner
Carl Bentzel, a commissioner with the US Federal Maritime Commission, issued a statement on August 9, after FMC Chairman Daniel Maffei’s visit to the Port of New York and New Jersey and his assertion there that carriers should not “receive involuntarily subsidized storage for empty containers that belong to them” that are stored by shippers and truckers “without proper compensation.” https://splash247.com/us-east-coast-empty-container-congestion-due-to-lack-of-accountability-fmc-commissioner/
6. EU seeks feedback on antitrust exemption for liner shipping consortia
The European Commission has launched a call for evidence inviting feedback on the performance of the EU legal framework which exempts liner shipping consortia from EU antitrust rules. The EU’s antitrust arm has also sent targeted questionnaires to carriers, shippers, freight forwarders and port and terminal operators on the impact of consortia between liner shipping companies, as well as of the Consortia Block Exemption Regulation (CBER) on their operations since 2020. https://splash247.com/eu-seeks-feedback-on-antitrust-exemption-for-liner-shipping-consortia/
7. Singapore Arrests Ten Over Illegal Bunker Fuel Sales
Police in Singapore have arrested ten people suspected of illegal bunker fuel sales. Officers from the Police Coast Guard made the arrests on August 4 during a joint operation with the Maritime and Port Authority of Singapore. Six were were crew members of a Singapore-flagged tugboat and the other were crew members of a foreign-flagged tug. https://gcaptain.com/singapore-arrests-ten-over-illegal-bunker-fuel-sales/
8. U.N. Expects ‘Big Uptick’ in the Supply of Ships for Ukraine Grain
The United Nations expects a “big uptick” in ships wanting to export Ukraine grain through the Black Sea after transit procedures were agreed and a goal of 2-5 million tonnes a month is “achievable,” a senior U.N. official said on Wednesday. Russia, Ukraine, Turkey and the United Nations agreed transit procedures on Monday for a deal struck in July to resume Ukraine Black Sea grain and fertilizer exports. The procedures include a 10 nautical mile protection zone for ships. https://gcaptain.com/u-n-expects-big-uptick-in-the-supply-of-ships-for-ukraine-grain/
9. China-Taiwan tensions will have limited impact on containerised trade
As the shipping world enters peak season, freight forwarders and shippers are concerned about the geopolitical risks as tensions between China and Taiwan increase after the US House Speaker Nancy Pelosi visited Taiwan. https://www.rivieramm.com/news-content-hub/china-taiwan-tensions-expected-to-cause-limited-impact-on-containerised-trade-72368
10. UAE mega container ship collided with French fishing vessel, English Channel
Container ship AIN SNAN EXPRESS collided with French fishing vessel CORAIL at around 2330 UTC Aug 9 in Ouessant Traffic Separation Zone some 40 nm west of Ushant (Ouessant) island, while sailing south, en route from Southampton to Suez. Fishing vessel’s bow was badly damaged, flooded, but CORAIL managed to return to Lorient under own power. https://www.shippingtribune.com/news/shipping/UAE+mega+container+ship+collided+with+French+fishing+vessel%2C+English+Channel
