1. Eneti announces sale of shareholding in Scorpio Tankers
Eneti announced that it sold its entire holding of 2,155,140 common shares in Scorpio Tankers Inc., a related party, for gross proceeds of approximately $83.3 million ($38.65 per share). As part of the transaction, Scorpio Tankers Inc. purchased approximately 1.3 million shares for approximately $50.0 million. https://cyprusshippingnews.com/2022/08/16/eneti-announces-sale-of-shareholding-in-scorpio-tankers/
2. The Merchant Navy Welfare Board responds to national maritime strategy
The Secretary of State for Transport has today unveiled the National Strategy for Maritime Security. The five-year strategy sets out the guiding principles for the UK government’s approach to managing threats and risks at home and around the world, including leveraging the UK’s world-leading seabed mapping community and tackling illegal fishing and polluting activities at sea. https://cyprusshippingnews.com/2022/08/16/the-merchant-navy-welfare-board-responds-to-national-maritime-strategy/
3. Paxocean, Hong Lam Marine and Bureau Veritas sign Mou to develop Ammonia Bunker vessel design
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and classification society Bureau Veritas (BV) to jointly develop an ammonia bunker vessel design. With the signing of this MOU, PaxOcean will focus on developing designs for ammonia-fueled and ammonia bunkering vessels, leveraging its deep technological capabilities and expertise. https://cyprusshippingnews.com/2022/08/16/paxocean-hong-lam-marine-and-bureau-veritas-sign-mou-to-develop-ammonia-bunker-vessel-design/
4. GoodFuels’ Asia-Pacific branch kickstarts sustainable biofuel deliveries with NYK as first client
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine biofuel to NYK’s bulk carrier MV Frontier Explorer, in the first such delivery to a major maritime client since the company opened its Singapore office. https://cyprusshippingnews.com/2022/08/16/goodfuels-asia-pacific-branch-kickstarts-sustainable-biofuel-deliveries-with-nyk-as-first-client/
5. Furetank and Algoma establish product tanker joint venture with sustainability focus
Swedish Furetank AB and Canadian Algoma Central Corporation will own 50% each of the joint venture, which is to be named FureBear. The joint venture, with Furetank as a leader in the Northern European intermediate ice-class product tanker segment, will advance Algoma’s presence in international short sea shipping markets and strengthen the company’s investment in long-term sustainable shipping solutions. https://cyprusshippingnews.com/2022/08/16/furetank-and-algoma-establish-product-tanker-joint-venture-with-sustainability-focus/
6. The numbers behind the Jones Act
In my four decades of experience in the maritime sector, I’ve done my best to stay true to a number of core principles. One is that free trade is good and that tariffs are bad. Another is complete and total support for the Jones Act. I don’t see those two strongly held views as being in conflict as they relate to completely different areas. One is economic; the other is national security. https://splash247.com/the-numbers-behind-the-jones-act/
7. Gulf Navigation refinances five tankers
United Arab Emirates-based Gulf Navigation has completed the refinancing of five petrochemical tankers, under new and better terms. The 46,000 dwt vessels were refinanced by Shanghai-listed Jiangsu Financial Leasing under an agreement that extends to five years and is said to reduce the company’s cost of finance by more than 40%. https://splash247.com/gulf-navigation-refinances-five-tankers/
8. Grand Jury Charges Seven Over Fraudulent Extortion Scheme at Port of San Juan
The seven defendants stand accused of running a criminal enterprise that extorted and mislead shipping companies into paying fees for the loading and unloading of cargo at the port under the threat of strikes and blockades on the part of union members. The defendents also made false representations that companies had to pay a fee in order to be able to use “union-free labor” for the loading and unloading of cargo. https://gcaptain.com/grand-jury-charges-seven-over-fraudulent-extortion-scheme-at-port-of-san-juan/
9. Ship Carrying Ukraine’s First Grain Cargo Docks in Syria After Two Weeks at Sea
The first ship to depart Ukraine under a deal to resume grain exports from the country two weeks ago docked in the Syrian port city of Tartous on Tuesday, according to a shipping source and satellite data.
The Sierra Leone-flagged Razoni set sail from Ukraine’s Odesa port on Aug. 1 under a hard-won grain deal but did not unload in Lebanon as planned. Its location had not been clear in recent days as it has kept its transponder off.
https://gcaptain.com/ship-carrying-ukraines-first-grain-cargo-docks-in-syria-after-two-weeks-at-sea/
10. Indian Register of Shipping holds Advisory Committee Meeting and Customer Meet in Singapore
The Indian Register of Shipping (IRS), a leading classification society, is extending its commitment to the Asia Pacific region with new offices and an expanded service portfolio. The classification society held its Advisory Committee Meeting followed by a Customer Meet in Singapore and outlined its plans for the region. https://www.shippingtribune.com/news/shipping/Indian+Register+of+Shipping+holds+Advisory+Committee+Meeting+and+Customer+Meet+in+Singapore
