InterManager Daily News 31.08.2022.

1. Climate change could bring back wind as the future power source for ocean cargo ships

International trade is still heavily reliant on oceangoing vessels and the noxious bunker fuel that feeds most ships’ massive diesel engines.

To this point, critics say the shipping industry has made only lackluster efforts to go green, but there is a new push to cut back on carbon-emitting fuels and shift to things like liquid hydrogen or ammonia, and many cutting-edge designs using the oldest power source: wind.

https://cyprusshippingnews.com/2022/08/29/climate-change-could-bring-back-wind-as-the-future-power-source-for-ocean-cargo-ships/

2. China to account for more than quarter of caustic soda capacity additions in Asia by 2026, forecasts GlobalData

China will register the highest caustic soda capacity additions in Asia, contributing about 41% of the region’s capacity additions by 2026, estimates GlobalData, a leading data and analytics company.

https://cyprusshippingnews.com/2022/08/29/china-to-account-for-more-than-quarter-of-caustic-soda-capacity-additions-in-asia-by-2026-forecasts-globaldata/

3. Harmonised System Nomenclature for the Classification of Goods (HS Codes)

Whilst the practice is not uncommon and a stipulated requirement by certain Custom and Excise Authorities, there have been incidents where the prefix lettering that references the coding system used on the documents has created uncertainty.

https://cyprusshippingnews.com/2022/08/29/harmonised-system-nomenclature-for-the-classification-of-goods-hs-codes/

4. The Canadian Coast Guard dedicates its latest Icebreaker into service

Icebreakers are an essential component of the Canadian Coast Guard (CCG) fleet, providing icebreaking services to ensure safe navigation, prevent ice jams and flooding, and maintain shipping routes. This is why the Canadian Coast Guard invested in three medium interim icebreakers to supplement the icebreaking fleet. These icebreakers were converted by Chantier Davie Shipyard, under the National Shipbuilding Strategy (NSS). https://cyprusshippingnews.com/2022/08/29/the-canadian-coast-guard-dedicates-its-latest-icebreaker-into-service/

5. Helix extends charter for Jones Act-compliant subsea vessel

Houston-based Helix Robotics Solutions, the US robotics division of Helix Energy Solutions Group, has extended its agreement with Bordelon Marine to charter the DP2 Jones Act-compliant ultra-light intervention vessel Shelia Bordelon through June 2024. https://splash247.com/helix-extends-charter-for-jones-act-compliant-subsea-vessel/

6. Equinor, Shell and TotalEnergies ink first cross-border CO2 shipping and storage deal with Yara

Northern Lights, a joint venture between energy giants Equinor, Shell and TotalEnergies, has struck a deal to ship and store carbon dioxide (CO2) from Yara’s ammonia and fertilizer plant in the Netherlands. The deal is the first commercial agreement Northern Lights has penned and the world’s first commercial agreement on cross-border CO2 transport and storage. https://splash247.com/equinor-shell-and-totalenergies-ink-first-cross-border-co2-shipping-and-storage-deal-with-yara/

7. Grain Is Gushing Out Of The Great Lakes This Year

“As the season progresses, the Great Lakes-St. Lawrence Seaway System continues to provide shippers a reliable route for a diverse range of commodities flowing in and out of the US heartland,” said Craig H. Middlebrook, deputy administrator for the Great Lakes St. Lawrence Seaway Development. “Cargo numbers continue to improve thanks to the port workers and seafarers who are keeping essential products like grain and steel moving efficiently through the Seaway’s maritime supply chain.” https://gcaptain.com/grain-is-gushing-out-of-the-great-lakes-this-year/

8. Denmark And Germany Agree To Offshore Wind Link

Germany has secured a power link to a planned offshore wind hub in the Danish part of the Baltic Sea that will help reduce energy dependence on Russia, Denmark’s energy ministry said on Monday. The planned energy hub on the island of Bornholm will by 2030 link several offshore wind parks in the Baltic Sea with a total generating capacity of at least 3 gigawatts, enough to power 4.5 million German households, the ministry said in a statement. https://gcaptain.com/denmark-and-germany-agree-to-offshore-wind-link/

9. TotalEnergies sells 49% interest in Russian gas field to Novatek

Once the transaction closes as expected in September 2022, Novatek will control 100% of the Siberian gas field.The two parties agreed on the sale on 18 July in Terneftegaz, which operates the Termokarstovoye gas and condensates field in Russia, on “economic terms enabling TotalEnergies to recover the outstanding amounts invested in the field”, according to the French energy giant. https://www.rivieramm.com/news-content-hub/totalenergies-sells-49-interest-in-the-russian-gas-field-to-novatek-72633

10. Board of Trade Meet to deliberate on boosting Exports and New FTP soon

Union Minister for Commerce and Industry Shri Piyush Goyal is likely to chair a meeting of the Board of Trade scheduled for next month an official said recently.

The meeting will be conducted with an agenda to discuss ways to boost India’s exports. The Board of Trade is an advisory body on foreign trade policy headed by a Union Minister.

The board also included representatives from States, Union Territories and important officials from the public and private sectors. It provides the platform to deliberate on ways of boosting the Country’s exports. https://www.shippingtribune.com/news/shipping/Board+of+Trade+Meet+to+deliberate+on+boosting+Exports+and+New+FTP+soon