InterManager Daily News 17.10.2022.

1. No room for complacency, says International Maritime Bureau, as global piracy incidents hit lowest levels in decades

The ICC International Maritime Bureau is calling for regional and international players to sustain their efforts, particularly in the Gulf of Guinea, as global piracy and armed robbery incidents reach their lowest levels since 1992. ICC IMB’s latest global quarterly piracy report details 90 incidents of piracy and armed robbery against ships in the first nine months of 2022, the lowest recorded figure in three decades. https://cyprusshippingnews.com/2022/10/14/no-room-for-complacency-says-imb-as-global-piracy-incidents-hit-lowest-levels-in-decades/

2. Ocean Technologies Group announced new CEO

Thomas Zanzinger brings over 30 years of leadership experience working at global SaaS and software vendors that provide mission critical Enterprise B2B solutions. Most recently he served as CEO at Inriver, a global leader in digitization through product information management. At Inriver Thomas accelerated international growth across all regions, increased customer retention, brought new and additional solutions to market as well as added strategic capabilities via M&A. https://cyprusshippingnews.com/2022/10/14/ocean-technologies-group-announced-new-ceo/

3. IMO Secretary-General urges ratification of 2012 Cape Town Agreement

11th October 2022 marked the 10th anniversary of the adoption of the key international treaty applicable to large industrial fishing vessels aiming at providing safety standards, just as the SOLAS Convention does for commercial ships. Despite extensive efforts by IMO Member States, other UN agencies, observers and the IMO Secretariat, the Agreement is not yet in force. As a result, there are, as yet, no globally mandatory requirements for the design, construction and equipment of fishing vessels, including life-saving, fire protection and radio-communications equipment to be carried on board. https://cyprusshippingnews.com/2022/10/13/imo-secretary-general-urges-ratification-of-2012-cape-town-agreement/

4. National Marine Electronics Association recognised KVH with Product of Excellence Awards

KVH Industries, and its premier satellite TV and communications solutions were recently honored with 2022 Product of Excellence Awards from the National Marine Electronics Association. Comprising the top marine electronics professionals in the country, NMEA members bestowed product excellence honors on KVH’s TracVision® UHD7 in the satellite TV antenna category; KVH’s TracPhone® V30 in the satellite communications antenna category; and KVH’s TracPhone LTE-1 Global in the WiFi/cellular device category. https://cyprusshippingnews.com/2022/10/13/national-marine-electronics-association-recognized-kvh-with-product-of-excellence-awards/

5. Vintage tankers and car carriers have doubled in price this year

Ageing car carriers, aframax and MR tankers are the ship types which have appreciated the most in price in the year to date according to exclusive data compiled for Splash by Arrow and VesselsValue. In a year where ship valuations for most ship types have shown strong upticks thanks to buoyant markets and the skewed orderbook car carriers and tankers stand out as the big winners. https://splash247.com/vintage-tankers-and-car-carriers-have-doubled-in-price-this-year/

6. Dreamers and intellectual humility are two key ingredients in getting maritime to net zero emissions

Is this an outlandish statement? To some, perhaps. But this is what we have observed over the three years we have been running this program. We start with this proposition: Innovation is necessary to get to net zero. We then follow up with this question: What do we need to innovate successfully?

https://splash247.com/dreamers-and-intellectual-humility-are-two-key-ingredients-in-getting-maritime-to-net-zero-emissions/

7. Soaring Dollar Leaves Food Piled Up In Ports As World Hunger Grows

Food importers from Africa to Asia are scrambling for dollars to pay their bills as a surge in the US currency drives prices even higher for countries already facing a historic global food crisis. In Ghana, importers are warning about shortages in the run up to Christmas. Thousands of containers loaded with food recently piled up at ports in Pakistan, while private bakers in Egypt raised bread prices after some flour mills ran out of wheat because it was stranded at customs. https://gcaptain.com/soaring-dollar-leaves-food-piled-up-in-ports-as-world-hunger-grows/

8. NASA’s SpaceX Crew-4 Astronauts Safely Splash Down In Atlantic

NASA’s SpaceX Crew-4 astronauts aboard the Dragon spacecraft safely splashed down Friday off the coast of Jacksonville, Florida, completing the agency’s fourth commercial crew mission to the International Space Station. The international crew of four spent 170 days in orbit. https://gcaptain.com/nasas-spacex-crew-4-astronauts-safely-splash-down-in-atlantic/

9. Cost concerns prevent widespread investment in green tugs

High capital expenditure for tugs using batteries or alternative fuels is disincentivising owners from investing in low-emissions vessels

Costs of building and purchasing tugs running on alternative fuels or with onboard energy storage systems remain too high for most owners to invest in them. Tug owners continue to face competitive markets, preventing many from raising prices for marine and towage services.

Owners of oceangoing tugs are tackling rising fuel costs while providing towage under lump-sum contracts and facing competition from offshore support vessels and heavy-lift ships for long-distance transport. https://www.rivieramm.com/news-content-hub/cost-concerns-prevent-widespread-investment-in-green-tugs-73324

10. VLCC market braces for uncertain winter on shock OPEC Plus output cut

Despite signs of improvement in freight rates out of the Persian Gulf, the VLCC market looks headed for an uncertain winter as the larger-than-expected production cut by a coalition of OPEC and other oil producers could spell fewer crude shipments from the Middle East. The 2 million b/day cut by OPEC+ to shore up crude oil prices, compared to the expectations of about 1 million b/day, is expected to weigh on the VLCC market in the seasonally strong winter months, trading participants told S&P Global Commodity Insights. https://www.shippingtribune.com/news/shipping/VLCC+market+braces+for+uncertain+winter+on+shock+OPEC+Plus+output+cut

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