1. Glencore to acquire Newmont’s 18.75% shareholding in the MARA Project
Glencore International AG (GIAG) and Newmont Corporation (NYSE: NEM, TSX: NGT) announced they have reached an agreement in which Glencore will acquire Newmont’s 18.75% shareholding in the MARA Project (MARA). Following completion of the transaction, Glencore will own 43.75% of MARA. https://cyprusshippingnews.com/2022/09/26/glencore-to-acquire-newmonts-18-75-shareholding-in-the-mara-project/
2. Maritime Singapore all-hands-on-deck to equip maritime workforce with future-ready skillsets through the Alliance for Future Maritime Talent
The Maritime and Port Authority of Singapore and the Singapore Maritime Foundation are partnering with Pacific Carriers Limited, Pacific International Lines and American Bureau of Shipping, to establish the Alliance for Future Maritime Talent (AFMT). This is one of the key follow-ups by the Maritime Industry Transformation Tripartite Committee (MITTC)1. The MITTC was first formed in April 2022 and oversees the Sea Transport Industry Transformation Map 2025. https://cyprusshippingnews.com/2022/09/26/maritime-singapore-all-hands-on-deck-to-equip-maritime-workforce-with-future-ready-skillsets-through-the-alliance-for-future-maritime-talent/
3. Furetank orders vessel 14 and 15 in the climate friendly Vinga series
Furetank has signed a contract for two more dual-fuel tankers. This means that six sister ships have been ordered this year alone, in the globally top-performing Vinga series which has now reached 15 vessels altogether. https://cyprusshippingnews.com/2022/09/26/furetank-orders-vessel-14-and-15-in-the-climate-friendly-vinga-series/
4. MSC takes to the skies
The Geneva-headquartered firm has debuted MSC Air Cargo, something that will take to the skies from early next year in response to customer demand, MSC said. The Aponte family firm had earlier this year also lodged a bid with Lufthansa to take over ITA, the Italian airline formerly known as Alitalia. The bid was rejected late last month.
https://splash247.com/msc-takes-to-the-skies/
5. Canadian Port of Argentia and Torrent Capital establish joint venture
Newfoundland’s Port of Argentia and Nova Scotia-based Torrent Capital have established a joint venture company, Argentia Capital Inc. (ACI), which will focus on the construction of port infrastructure, the provision of services and equity ownership in businesses that support the aquaculture, renewable energy, and oil and gas sectors, as well as other port developments. https://splash247.com/canadian-port-of-argentia-and-torrent-capital-establish-joint-venture/
6. Petro Rio to acquire TotalEnergies’ interest in Itaipu oil field
Brazilian oil company Petro Rio has signed an agreement with TotalEnergies E&P Brasil for the acquisition of a 40% interest in the Itaipu field in the BM-C-32 block in the pre-salt of the Campos basin. Together with the 60% interest in the oil field Petro Rio acquired from BP in July 2021, this transaction will bring the company’s interest in the asset to 100%. https://splash247.com/petro-rio-to-acquire-totalenergies-interest-in-itaipu-oil-field/
7. Growth Plan could streamline ‘glacial’ planning and environmental assessments, but grid fails to get a mention
The Chancellor outlined plans to speed up the rate at which offshore wind projects are developed and overcome bottlenecks in the regulatory and review process, but the Growth Plan he unveiled 23 September 2022 was short on detail, made no mention of the need to enhance the grid and said little about offshore wind and green hydrogen. And other well-publicised aspects of the plan – including unfunded tax cuts – are likely to make projects more, not less expensive. https://www.rivieramm.com/news-content-hub/growth-plan-could-streamline-glacial-planning-and-environmental-assessments-but-grid-fails-to-get-a-mention-73036
8. Up-tower crane can carry out major component exchange on offshore wind turbines
The GenHook up-tower crane has a lifting capacity of up to 30 tonnes and is designed to undertake generator and gearbox exchanges and repairs. It is suitable for use with a wide range of offshore wind turbines. The company said development of the crane “is a direct result of market demand for more efficient solutions for component exchange and repair.” https://www.rivieramm.com/news-content-hub/up-tower-crane-can-carry-out-major-component-exchange-on-offshore-wind-turbines-73038
9. Florida Braces for Hurricane Ian
Residents across Florida scrambled to place sandbags around their homes and stockpile emergency supplies on Monday, emptying store shelves as Hurricane Ian spun toward the state carrying high winds, torrential rains and a powerful storm surge. https://gcaptain.com/florida-braces-for-hurricane-ian/
10. Checking Back In On Southern California’s Containership Backup
As U.S. import demand fades and inbound cargo increasingly shifts awayfrom Southern California ports, the highly publicized containership backup at the neighboring ports of Los Angeles and Long Beach is finally showing signs of returning to some form of normal. https://gcaptain.com/checking-back-in-on-southern-californias-containership-backup/
