1. President Anastasiades addresses inauguration ceremony of EuroAsia Interconnector
At the outset, I would like to extend a warm welcome to the EU Commissioner for Energy, Ms. Kadri Simson, the Minister of Environment and Energy of the Hellenic Republic, Mr. Kostas Skrekas, the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Mr. Tarek El Molla, the Minister of Energy and Mineral Resources of the Hashemite Kingdom of Jordan, Mr. Saleh Al-Kharabsheh, as well as to the dignitaries who have joined us from abroad. https://cyprusshippingnews.com/2022/10/18/president-anastasiades-addresses-inauguration-ceremony-of-euroasia-interconnector/
2. Royal Caribbean’s Odyssey of the Seas makes call at DP World Limassol Cruise Terminal
DP World Limassol welcomed Royal Caribbean’s Odyssey of the Seas on her stopover to DP World Limassol Cruise Terminal with passengers on board, on Thursday 13th October 2022. On the occasion of the cruise ship’s call to Cyprus, DP World Limassol’s Commercial Manager Mr Lazaros Charalambous, and local agent Managing Director exchanged plaques with the cruise ship staff captain. https://cyprusshippingnews.com/2022/10/18/royal-caribbeans-odyssey-of-the-seas-makes-call-at-dp-world-limassol-cruise-terminal/
3. Euronav sells ULCC Europe
Euronav has sold the ULCC (Ultra Large Crude Carrier) Europe (2002 – 441,561 dwt). The vessel is debt free and the sale will generate a capital gain of USD 34.7 million. The vessel will be delivered to her new owners during the current quarter and will be used for storage. https://cyprusshippingnews.com/2022/10/18/euronav-sells-ulcc-europe/
4. Egypt’s Suez Canal raises transit fees for ships by 15% in 2023 as inflation bites
Egypt’s Suez Canal Authority has increased transit fees for all types of ships by 15 percent starting January 2023 in order to deal with the impact of global inflation, the chairman said in a statement. Osama Rabie added that transit fees for both dry bulk vessels and cruise ships will increase by 10 percent. https://cyprusshippingnews.com/2022/10/18/egypts-suez-canal-raises-transit-fees-for-ships-by-15-in-2023-as-inflation-bites/
5. Strike looming at Port of Mobile in Alabama
If the International Longshoremen’s Association (ILA) Local 1410 and CSA Equipment Company, a stevedoring provider at the Port of Mobile, do not reach an agreement by midnight on October 20, the 800 or so dockworkers represented by the ILA will begin strike action. The union members turned down a third company offer last month. https://splash247.com/strike-looming-at-port-of-mobile-in-alabama/
6. The banks are returning, but who stands to benefit?
Over the past 18 months banks have made serious efforts to return to the shipping industry.
As Splash reported last month, the Petrofin Index for Global Ship Finance, which assesses the level of bank finance available to the industry, showed its first uptick in 11 years. https://splash247.com/the-banks-are-returning-but-who-stands-to-benefit/
7. First offshore wind lease sale on US west coast to take place in December
The US Bureau of Ocean Energy Management (BOEM) will hold an offshore wind energy lease sale on December 6 for areas on the Outer Continental Shelf (OCS) off central and northern California. This will be the first offshore wind lease sale on America’s west coast and the first US sale to support potential commercial-scale floating offshore wind energy development. https://splash247.com/first-offshore-wind-lease-sale-on-us-west-coast-to-take-place-in-december/
8. Port of Long Beach Imports Fall in September
Imports at the Port of Long Beach fell for a third consecutive as diminishing consumer demand, full warehouses and inflation concerns led to a decline in containers moving through the port. Dockworkers and terminal operators moved 741,823 TEUs of cargo containers last month, down 0.9% from September 2021. Overall throughput was buoyed by a small uptick in exports and empty containers being repositioned overseas, which were 7% year over year to 286,212 TEUs. https://gcaptain.com/port-of-long-beach-imports-fall-in-september/
9. EU’s Sanctions Against Russia Risk Ensnaring More Oil Tankers
The European Union’s latest sanctions on Russian petroleum could end up depriving a swath of the world’s tanker fleet of industry standard insurance, a move that threatens to undermine US efforts to avert an oil supply shock. The bloc’s eighth round of sanctions state that if a tanker owner transports Russian crude above an agreed price threshold, their ship would be prohibited from getting EU services needed to ship the commodity, such as insurance, “in the future.” https://gcaptain.com/eus-sanctions-against-russia-risk-ensnaring-more-oil-tankers/
10. NYK Presents Its Efforts for the Introduction of Ammonia as Marine Fuel at Two International Conferences
NYK recently participated in two conferences held as part of Tokyo GX Week* to talk about the possibility of a demand increase for ammonia as a marine fuel and to introduce the company’s efforts toward social implementation of fuel ammonia. https://www.shippingtribune.com/news/shipping/NYK+Presents+Its+Efforts+for+the+Introduction+of+Ammonia+as+Marine+Fuel+at+Two+International+Conferences
