1. MCTC celebrates 10 years of supporting vessels and their crews improve seafarers’ health with nutritious meals
Leading maritime catering management provider MCTC is celebrating its first decade of improving catering standards onboard ships by focussing on healthy and nutritious meals. MCTC has been celebrating its milestone year with a special anniversary party and events throughout the year. https://cyprusshippingnews.com/2022/09/22/mctc-celebrates-10-years-of-supporting-vessels-and-their-crews-improve-seafarers-health-with-nutritious-meals/
2. Congestion is a big piece of the Supply and Demand puzzle
Dry Bulk and Containership markets have exhibited sharp declines in earnings over the summer. Many have attributed this to a drop in congestion. However, our data shows congestion persists at high levels, though it has shifted from more visible to less visible regions of the world. In this article, we explore the drivers of congestion and consider what are the implications for supply/demand dynamics, macroeconomics and geopolitical trends.
https://cyprusshippingnews.com/2022/09/23/congestion-is-a-big-piece-of-the-supply-and-demand-puzzle/
3. Voyager Worldwide partners with the Maritime and Port Authority of Singapore to promote joint innovation for voyage optimisation solutions and just-in-time port arrivals
Voyager Worldwide is partnering with the Maritime and Port Authority of Singapore to promote joint innovations that support voyage optimisation and just-in-time port arrivals through a signed Memorandum of Understanding. Voyager Worldwide will drive the innovation required through its new Voyager Living Lab, created as part of the growing ecosystem of innovation in Singapore to address maritime industry challenges. https://cyprusshippingnews.com/2022/09/23/voyager-worldwide-partners-with-the-maritime-and-port-authority-of-singapore-to-promote-joint-innovation-for-voyage-optimisation-solutions-and-just-in-time-port-arrivals/
4. Peak season fails to materialise, blank sailings leap
The average capacity offered from the Asia to the US West Coast has fallen to its lowest since February in the past four weeks, new data from online rate platform Xeneta shows. Over this period, an average of 275,000 teu has left Asia heading for the US west coast, about 50,000 teu less than the peak in early August. https://splash247.com/peak-season-fails-to-materialise-blank-sailings-leap/
5. Ever Given owner back in court defending ship’s erratic passage through the Suez Canal
A group of cargo owners and their insurers are suing the ship’s owner, Japan’s Shoei Kisen Kaisha, at a court in London over the accident, which saw the giant Evergreen-operated ship, carrying thousands of containers to Europe, unable to leave Egypt for months until fines were agreed upon between the shipowner and the Suez Canal Authority (SCA). https://splash247.com/ever-given-owner-back-in-court-defending-ships-erratic-passage-through-the-suez-canal/
6. Target, Electrolux and Philips among host of brands signing up to 2040 zero emission shipping commitment
Cargo Owners for Zero Emission Vessels (coZEV), an initiative created October last year by the non-profit Aspen Institute, announced yesterday the addition of Beiersdorf, Dupont, Electrolux, ETTLI Kaffee, Moose Toys, Ohana Beverage Company, Philips, REI Co-op, Sisley, and Target to its 2040 ambition statement, a call to action from cargo owners to progressively switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040. These multinational companies join Amazon, Brooks Running, Frog Bikes, IKEA, Inditex, Michelin, Patagonia, Tchibo, and Unilever, bringing the total to 19 signatories. https://splash247.com/target-electrolux-and-philips-among-host-of-brands-signing-up-to-2040-zero-emission-shipping-commitment/
7. Fiona Slams Into Nova Scotia With Fierce Wind, Flooding Rain
Fiona, the most powerful storm of this year’s Atlantic hurricane season, roared ashore in eastern Nova Scotia early Saturday as one of the strongest systems ever to hit the region, bringing tree-toppling winds and potentially devastating flooding.
https://gcaptain.com/fiona-slams-into-nova-scotia-with-fierce-wind-flooding-rain/
8. N.Korea Fires Ballistic Missile Ahead Of U.S. VP Harris Visit
North Korea fired a ballistic missile towards the sea off its east coast on Sunday, ahead of planned military drills by South Korean and U.S. forces involving an aircraft carrier and a visit to the region by U.S. Vice President Kamala Harris. South Korea’s military said it was a single, short-range ballistic missile fired from near the Taechon area of North Pyongyan Province just before 7 a.m. https://gcaptain.com/n-korea-fires-ballistic-missile-ahead-of-u-s-vp-harris-visit/
9. Capesize, panamax drag Baltic dry bulk index lower
The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, fell on Wednesday pressured by declines in capesize and panamax rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 26 points, or about 1.5%, at 1,720. https://www.shippingtribune.com/news/shipping/Capesize%2C+panamax+drag+Baltic+dry+bulk+index+lower
10. Germany broadens crude import horizons as Russian flows dry up
Germany, Europe’s biggest oil consumer, has more than doubled its sources of imported crude in recent months, according to shipping data, as its refiners increasingly hunt for alternatives to Russia’s medium sour Urals crude in the wake of the Ukraine war. https://www.shippingtribune.com/news/shipping/Germany+broadens+crude+import+horizons+as+Russian+flows+dry+up
