1. Three vessels authorised to leave Chornomorsk under the Black Sea Grain Initiative
The Joint Coordination Centre has authorized the movement of three outbound vessels on 26 August carrying a total of 129,440 metric tons of grain and food products under the Black Sea Grain Initiative.
2. TotalEnergies continues to implement its principles of conduct and sells its 49% interest in the Russian Termokarstovoye gas field to Novatek
On March 22, 2022, TotalEnergies publicly shared its principles of conduct for its Russian related business. TotalEnergies reiterated its firmest condemnation of Russia’s military aggression against Ukraine and stated that it would ensure strict compliance with current and future European sanctions, no matter what the consequences on the management of its assets in Russia. https://cyprusshippingnews.com/2022/08/27/totalenergies-continues-to-implement-its-principles-of-conduct-and-sells-its-49-interest-in-the-russian-termokarstovoye-gas-field-to-novatek/
3. Sustainable scallop harvesting in Arctic by Tau Tech to be supported by Inmarsat Fleet Xpress
Norwegian company Tau Tech is set to begin sustainable scallop harvesting in the Barents Sea, using technology from Inmarsat, the world leader in global, mobile satellite communications services. Inmarsat’s Fleet Xpress, the maritime industry’s leading broadband service, will deliver a consistent, stable, uninterrupted quality of service and seamless high-speed network coverage in the Arctic. https://cyprusshippingnews.com/2022/08/25/sustainable-scallop-harvesting-in-arctic-by-tau-tech-to-be-supported-by-inmarsat-fleet-xpress/
4. Strikes by dockworkers at Felixstowe; analysis of supply chain impact by Container xChange
European supply chains are set for further disruption as transport unions step up industrial action in response to soaring inflation. “Even minor interruptions to port operations can have a major impact on container line network efficiency and cause a domino effect up and down supply chains,” said Christian Roeloffs, CEO & Co-founder of Container xChange. https://cyprusshippingnews.com/2022/08/24/strikes-by-dockworkers-at-felixstowe-analysis-of-supply-chain-impact-by-container-xchange/
5. US stops Maersk’s box manufacturing unit sale to the Chinese
The US Justice Department has stopped the sale of Maerk’s reefer manufacturing unit over fears it would give the Chinese too great a control of a strategic business. Last September a deal was struck to sell Maersk Container Industry to China International Marine Containers (CIMC) for $987.3m. However, after consideration American authorities have stopped the sale. https://splash247.com/us-stops-maersks-box-manufacturing-unit-sale-to-the-chinese/
6. Solving the maritime recruitment crisis: why salary rises are not enough
There is a palpable supply-side shortfall in maritime recruitment, particularly in commercial and operational roles. As a result, shipping companies are frequently forced to exceed their recruitment budgets to attract new talent at above-market levels.
7. Rhine Water Level Set To Fall Again At Key German Chokepoint
The Rhine River’s water level at a key waypoint is set to decline in the coming days, curbing the amount of cargo that barges can carry.
The measured level at Kaub, which lies west of Frankfurt, is forecast to fall to as low as 71 centimeters (28 inches) early Monday, according to German government data. At 40 centimeters or below, it becomes uneconomical for many barges to haul cargo through this part of the river. https://gcaptain.com/rhine-water-level-set-to-fall-again-at-key-german-chokepoint/
8. Time For Major Investments In New Container Ports And Terminals
Sixty-six years ago the postwar growth in the US economy saw increasing congestion on highways. That problem became the catalyst for two events in 1956 resulting in capital investments whose returns over the ensuing decades and to this day are significant. One event was the Federal Aid Highway Act of 1956 that authorized the creation of the interstate highway system. https://gcaptain.com/time-for-major-investments-in-new-container-ports-and-terminals/
9. Act Now to Save Our Planet
Last year, we launched the distress signal Save Our Planet – represented by the morse code SOP – to highlight our concerns about the climate crisis and encourage the maritime industry to move rapidly on decarbonization. Now, as we leave behind us yet another summer marked by unprecedented climate emergencies around the globe, we are once again ringing the alarm and calling upon the whole industry to take decisive actions to accelerate the green transition. https://www.shippingtribune.com/news/shipping/Act+Now+to+Save+Our+Planet
10. Soaring global LNG prices push India’s regasification plan off track
Lofty global LNG prices and limited supplies threaten to derail India’s regasification capacity plans, with existing regas levels running low and some of the previously planned new volume additions progressing at a slower pace, an analysis by S&P Global Commodity Insights showed. https://www.shippingtribune.com/news/shipping/Soaring+global+LNG+prices+push+India%E2%80%99s+regasification+plan+off+track