1. The factors affecting the seafarers’ motivation and recommendations for implementable ways to ensure their efficient motivation and welfare
Nowadays, the human element is receiving gradually more attention, either due to the fact that it is considered a means which has the potential to make a shipping firm more competitive to the market, or even because the human error constitutes approximately 80 % to 90% of all shipping accidents.
2. AZANE receives DNV approval for ammonia bunkering terminals
DNV Approval in Principle (AIP) for NH3 terminal ship bunkering & loading station
Azane Fuel Solutions addresses barriers for ship owners and cargo owners to decarbonize by providing bunkering solutions for the clean ammonia value chain. The AIP is an important step in further verifying readiness for the commercialisation of Azane’s proprietary ammonia bunkering terminals prior to commencing construction. https://cyprusshippingnews.com/2022/08/24/azane-receives-dnv-approval-for-ammonia-bunkering-terminals/
3. The United States and Italy lead trade relations with Valenciaport
The US ports are becoming more and more important, leading the total traffic of goods with a growth of 22.47% between January and July. Italy is in second place, followed by China which has suffered a fall of 8.35%. Trade relations with the USA are dominated by gas. The energy sector is the most dynamic sector in Valenciaport’s goods traffic, together with vehicles, which has increased sales abroad. https://cyprusshippingnews.com/2022/08/24/the-united-states-and-italy-lead-trade-relations-with-valenciaport/
4. Alastair Marsh appointed to the Wallem Group Board of Directors
Alastair joins with over 15 years of experience in the maritime industry and over 30 years working in senior positions within various businesses. Most recently, Alastair held the position of CEO at Lloyd’s Register, where he was integral to the development and execution of the corporate strategy, with a particular focus on growth, digital transformation and customer interaction.
5. Shell reaches deal with unions to restart Prelude FLNG
Shell has thrashed out a pay deal with unions in Australia to get its Prelude floating liquefied natural gas (FLNG) facility back operating again, after a damaging 11-week long strike. “Shell is pleased to confirm an in-principle Enterprise Agreement has been reached with the Australian Workers’ Union and Electrical Trades Union in relation to the Prelude FLNG facility,” Shell said. https://splash247.com/shell-reaches-deal-with-unions-to-restart-prelude-flng/
6. APA Corporation announces oil discovery offshore Suriname
APA Corporation announced on August 23 an oil discovery offshore Suriname at Baja-1 in Block 53, and provided an update on recent drilling operations at Dikkop-1 in Block 58. Baja-1 was drilled to a depth of 5,290 metres and encountered 34 metres of net oil pay in a single interval within the Campanian. Preliminary fluid and log analysis indicates light oil with a gas-oil ratio of 1,600 to 2,200 standard cubic feet per barrel. Evaluation of open-hole well logs, cores and reservoir fluids is ongoing. https://splash247.com/apa-corporation-announces-oil-discovery-offshore-suriname/
7. Capesize Rates Drag Baltic Dry Index Down Further
The Baltic Exchange’s main sea freight index fell on Wednesday, as rates for the capesize vessel segment dropped to their lowest level in over two years.
The overall index, which factors in rates for capesize, panamax and supramaxshipping vessels, fell 58 points, or about 4.6%, to 1,213 points, hitting its lowest since December 2020. https://gcaptain.com/capesize-rates-drag-baltic-dry-index-down-further/
8. Incident Photos: Cargo Ship and Bulker Damaged in Sabine Pass Collision
A cargo ship and bulk carrier sustained damage following a collision in Sabine Pass ship channel over the weekend after one of the vessels suffered a loss of steering. Coast Guard Sector Houston-Galveston received a report at about 12:40 p.m. on Sunday, August 21, that the Netherlands-flagged general cargo ship Damgracht collided the outbound bulk carrier AP Revelin. https://gcaptain.com/cargo-ship-and-bulker-damaged-in-sabine-pass-collision/
9. U.S. to Continue Record Crude Exports in 2023 as Energy Crisis Deepens
US crude sales overseas are set to hit fresh records through next year as American oil increasingly takes market share in Europe. Earlier this month, weekly government figures showed an unprecedented 5 million barrels a day of US crude being exported. Shipments are poised to average over 4 million barrels a day over the next few months and into next year, according to the most optimistic in the oil industry. https://gcaptain.com/u-s-to-continue-record-crude-exports-in-2023-as-energy-crisis-deepens/
10. Sanctions-Hit Russia Sending Fuel Oil to Asia Using Ship-to-Ship Transfers
Under pressure from Western sanctions, Russia is exporting more fuel oil to Asia and using ship-to-ship transfers to build larger cargoes for distant markets, according to traders and Refinitiv data. The European Union has been reducing imports of Russian oil products since March and has agreed a full ban from February 2023. https://gcaptain.com/sanctions-hit-russia-sending-fuel-oil-to-asia-using-ship-to-ship-transfers/