1. “Let’s DISCO” (Dive Into Shipping Career Opportunities) campaign by the Cyprus Shipping Deputy Ministry
At a press conference today the Shipping Deputy Minister Vassilios Demetriades announced the “Dive Into Shipping Career Opportunities” (DISCO) campaign. In his intro speech he said “From today we are putting the issue of cultivating Maritime Culture and Promoting Maritime and Maritime Studies and Professions on a new, more organised basis” https://cyprusshippingnews.com/2022/09/12/lets-disco-dive-into-shipping-career-opportunities-campaign-by-the-cyprus-shipping-deputy-ministry/
2. Wallenius Wilhelmsen takes a significant step towards reducing emissions from their vessels
Wallenius Wilhelmsen is the first global shipping company to adopt a fully AI-based approach to voyage optimization. Having implemented livestreaming of vital data onboard 65 vessels, this new approach will help reduce fuel consumption by up to 10 percent. “It is a significant step on our way towards zero emissions,” says Geir Fagerheim, SVP Marine Operations at Wallenius Wilhelmsen. https://cyprusshippingnews.com/2022/09/13/wallenius-wilhelmsen-takes-a-significant-step-towards-reducing-emissions-from-their-vessels/
3. What do the Seafarers Happiness Index (SHI) Q2 results say about wellbeing activities onboard ships?
Seafarers Happiness Index (SHI) Quarter 2 2022 results are a measure of the happiness level of seafarers amidst the backdrop of the Covid-19 pandemic and the geopolitics of Russia and Ukraine. Yet this quarter registers a welcome… https://cyprusshippingnews.com/2022/09/13/what-do-the-seafarers-happiness-index-shi-q2-results-say-about-wellbeing-activities-onboard-ships/
4. UK Chamber of Shipping reacts to new Transport Secretary
Following the appointment of Anne Marie Trevelyan as Secretary of State for Transport UK Chamber of Shipping CEO Sarah Treseder said:
“I warmly congratulate Anne Marie Trevelyan on her appointment as Secretary of State for Transport. Her significant cross-government experience will be invaluable in driving the policy alignment needed to maximise shipping’s contribution to the UK economy. https://cyprusshippingnews.com/2022/09/13/uk-chamber-of-shipping-reacts-to-new-transport-secretary/
5. Tankers set to profit further from G7 and EU action against Russia
Last week saw the G7 group of countries – Canada, France, Germany, Italy, Japan, the United Kingdom and the United States – announce their intention to impose a globally recognised price cap on Russian oil exports as they strive to reduce Russia’s ability to finance its war in Ukraine, another measure that tanker analysts are sure will add to the increasingly highly favourable ton-mile picture for a sector firmly in the ascendant rates-wise. https://splash247.com/tankers-set-to-profit-further-from-g7-and-eu-action-against-russia/
6. Carriers brace for more official complaints from emboldened BCOs as MSC fights protracted case
Shippers are likely to feel emboldened to doggedly pursue ocean carriers in the courts as the liner party fizzles out and out of pocket clients seek retribution. In a sign of this new found persistence, Pennsylvania-based home decor MCS Industries shows no sign of letting up in its battle with the world’s largest containerline. https://splash247.com/msc-denied-extension-of-deadline-to-provide-documents-in-case-brought-by-mcs-industries/
7. Port Houston and Shell to jointly explore decarbonisation opportunities
Port Houston and Shell signed a memorandum of understanding that outlines a shared intention to explore energy, mobility and decarbonisation projects that could be implemented at the port’s terminals. The agreement will help identify new technology and infrastructure opportunities at port terminals that have the potential to lead to significant emissions reductions. https://splash247.com/port-houston-and-shell-to-jointly-explore-decarbonisation-opportunities/
8. Jacktel seals contract extension with TotalEnergies
Jacktel, a subsidiary of Norway’s Macro Offshore, has landed a contract extension with TotalEnergies for the accommodation jackup rig Haven in Denmark. Haven has been on a contract with TotalEnergies for use on the Tyra field development offshore Denmark since last November. https://splash247.com/jacktel-seals-contract-extension-with-totalenergies/
9. BIMCO Tanker Market Analysis: Longer routes and higher rates as EU bans Russian oil and products
So far this year, The Baltic Exchange Dirty Tanker Index (BDTI) has on average been 86% higher than during 2021 and The Baltic Exchange Clean Tanker Index (BCTI) has on average been 113% higher.
– The IMF has lowered its global economic growth forecast to 3.2% for 2022 and 2.9% for 2023, and highlights that the risk of a global recession has increased.
10. Baltic index rises on higher rates for larger vessels
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as rates for larger vessel segments increased. The overall index, which factors in rates for capesize, panamax, supramax shipping vessels, was up for the fourth consecutive session, gaining 43 points, or about 3.5%, at 1,256. https://www.shippingtribune.com/news/shipping/Baltic+index+rises+on+higher+rates+for+larger+vessels