1. Influential speaker line-up marks return of Maritime Cyprus in 2022
Centered around the theme of “Shipping’s response to the three Cs: Crises – Challenges – Competitiveness,” the conference will host keynote speakers, panel discussions and workshops designed to accelerate maritime’s progress within these areas. Discussion will cover topics from decarbonization, green ship financing approaches, digitalization, autonomous vessels, and seafarers’ welfare and rights. https://cyprusshippingnews.com/2022/08/22/influential-speaker-line-up-marks-return-of-maritime-cyprus-in-2022/
2. TotalEnergies announces significant offshore gas discovery in Block 6 Cyprus
TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018.Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters. https://cyprusshippingnews.com/2022/08/22/totalenergies-announces-significant-offshore-gas-discovery-in-block-6-cyprus/
3. Europe upstream: the pressure is on
The pressure on Europe’s upstream sector is mounting. As winter approaches, a security of supply crisis is looming – what levers can the sector pull as it diversifies away from Russian gas?
Norway, Europe’s biggest oil and gas producer, has responded to calls to raise short-term output but as the Netherlands’ Groningen powers down, can Romania’s Neptun Deep finally accelerate? https://cyprusshippingnews.com/2022/08/22/europe-upstream-the-pressure-is-on/
4. Abu Dhabi Ports Group’s Advanced Logistics Hub at KIZAD to bring 80,000m2 of Storage Capacity
AD Ports Group, the leading facilitator of global trade, logistics, and industry, has announced that KLP21, its new advanced warehousing and logistics hub in Abu Dhabi, will be available within Q3, 2022.
KLP21 is situated in KIZAD, the Group’s integrated trade, logistics and industrial zone located between Abu Dhabi and Dubai. It leverages UAE’s strategic position as a gateway to Asia, Africa and the MENA region representing a combined marketplace of over 4.5 billion consumers.
5. Mainstream and Ocean Winds win bid for floating offshore wind site off the Shetland Islands
Aker Horizons-owned Mainstream Renewable Power and Ocean Winds, a jv between EDP Renewables and Engie, have been appointed preferred bidder by Crown Estate Scotland for an area off the Shetland Islands in Scotland with the potential for a 1.8 GW offshore wind farm. https://splash247.com/mainstream-and-ocean-winds-win-bid-for-floating-offshore-wind-site-off-the-shetland-islands/
6. Demand-led spikes are over for container shipping
The demand-led spikes seen during the pandemic that propelled container shipping to record earnings are now a thing of the past, according to new analysis from Copenhagen-based Sea-Intelligence. Sea-Intelligence has run the numbers on supply and demand during the covid era, and its conclusions add to the growing consensus that volumes are slipping, and it is only supply chain chaos such as port congestion that is helping prop up rates. https://splash247.com/demand-led-spikes-are-over-for-container-shipping/
7. COSCO develops tech to transform pulp ship into a car carrier
In the unprecedented shipping markets witnessed during the pandemic, cargo types have migrated to all manner of alternate vessels, a new phenomenon which has seen boxes taken on bulk carriers, logs on newcastlemaxes and now cars in a pulp carrier. https://splash247.com/cosco-develops-tech-to-transform-pulp-ship-into-a-car-carrier/
8. Hapag-Lloyd Kicks Off Fleet Upgrades with New Fuel Efficient Propellers
The German shipping line has launched the program with the first loading of a retrofitted propeller in the Port of Hamburg. The propeller, manufactured by MMG of Germany, will be installed on Hapag-Lloyd’s 7,500 TEU Ningbo Express in Dubai next month. The propeller design is estimated to reduce fuel consumption and associated CO2 emissions by between 10 and 13 percent, depending on sailing conditions. https://gcaptain.com/hapag-lloyd-kicks-off-fleet-upgrades-with-new-fuel-efficient-propellers/
9. Ship Captain Convicted Over Hazardous Container Blast at Jebel Ali Port
A Dubai court has the convicted the captain of the M/V Ocean Trader and four others in connection to last year’s fire and massive explosion on board the vessel at Dubai’s Port of Jebel Ali.
The incident took place July 7, 2021 after the Ocean Trader had loaded containers for export, including three that contained hazardous organic peroxide. The fire started in one of the hazardous containers and led to an explosion that could be felt for miles. https://gcaptain.com/ship-captain-convicted-over-hazardous-container-blast-at-jebel-ali-port/
10. Black Sea dry bulk trade resumes as spot grains, fertilizer cargoes enter market
The Black Sea dry bulk shipping markets have resumed spot trading as the Ports of Odessa and Yuzhny saw an influx of spot grains cargo inquiry into West Africa and the Mediterranean. Ukraine’s Black Sea ports officially reopened at the end of July for the first time since the Russian invasion in February. https://www.shippingtribune.com/news/shipping/Black+Sea+dry+bulk+trade+resumes+as+spot+grains%2C+fertilizer+cargoes+enter+market