1. Nautical Institute part of European multidisciplinary consortium looking to increase navigational safety
Around 3,000 maritime incidents occur every year in the European maritime fleet. 28% of these accidents are categorised as severe or very severe accidents, resulting in the loss of life onboard, pollution, fire, collisions or grounding. Navigational accidents are dominant in these statistics according to the European Maritime Safety Agency, be it for cargo, passenger or service ships. https://cyprusshippingnews.com/2022/10/24/nautical-institute-part-of-european-multidisciplinary-consortium-looking-to-increase-navigational-safety/
2. Delivery of final newbuild multi-fuel LNG battery hybrid PCTC transforms UECC fleet for green future
UECC has taken delivery of its third and final newbuild multi-fuel LNG battery hybrid pure car and truck carrier (PCTC) as the company takes the lead in meeting new requirements for low-emission ship operations with the green transformation of its fleet. https://cyprusshippingnews.com/2022/10/24/delivery-of-final-newbuild-multi-fuel-lng-battery-hybrid-pctc-transforms-uecc-fleet-for-green-future/
3. Trafigura signs USD800 million loan agreement guaranteed by the Federal Republic of Germany
Trafigura, a market leader in the global commodities industry, has entered into a USD800 million five-year loan underwritten and arranged by Societe Generale and syndicated to seven participating banks. The loan is guaranteed by the government of the Federal Republic of Germany acting through the German Export Credit Agency (ECA) Euler Hermes Aktiengesellschaft. The guarantee is provided under Germany’s Untied Loan program to support the commitment by Trafigura to deliver, under a five-year supply agreement, up to 500,000 tonnes of non-ferrous metals into Germany. https://cyprusshippingnews.com/2022/10/24/trafigura-signs-usd800-million-loan-agreement-guaranteed-by-the-federal-republic-of-germany/
4. South Florida Container Terminal welcomes new Medgulf service; Announces order for more cranes
South Florida Container Terminal (SFCT) located in the Port of Miami, welcomed the new CMA CGM Medgulf service. The weekly service offers
Florida supply chains a first port of call to/from the West Med before proceeding into the U.S. Gulf and Mexico. The new route also offers an improved transit time from the Indian
Subcontinent via Tanger, with 29 day transit to Miami. https://cyprusshippingnews.com/2022/10/24/south-florida-container-terminal-welcomes-new-medgulf-service-announces-order-for-more-cranes/
5. Russia rushes to fix tanker fleet with six weeks to go until EU crude ban starts
With six weeks to go until Europe’s ban on Russian crude kicks in, the scale of the global tanker fleet rejig Moscow is attempting is coming into focus. By December 5, tanker owners that fly any European Union flag or carry P&I insurance from an EU club can no longer have crude oil onboard that originated in Russia, unless Russia has sold the crude to the buyer at or under the agreed price cap.
6. MSC buys Italian towage operator
Mediterranean Shipping Company (MSC) has agreed to acquire 100% of the share capital of Rimorchiatori Mediterranei, a towage operator active in Italy, Malta, Singapore, Malaysia, Norway, Greece and Colombia, from Genoa-based Rimorchiatori Riuniti and a fund managed by DWS’s Infrastructure Investment business. No price for the transaction has been revealed. https://splash247.com/msc-buys-italian-towage-operator/
7. Korean Coast Guard Chief Arrested Over Fishery Official Slain By North Korea
A South Korean court on Saturday issued arrest warrants for a former defense minister and a former coast guard chief over their alleged mishandling of the death of a state fishery ministry employee at the hands of North Korean troops two years ago. https://gcaptain.com/korean-coast-guard-chief-arrested-over-fishery-official-slain-by-north-korea/
8. Top US Shipbuilding Advocate Faces Difficult Election
In any other election year, two Navy veterans vying to represent a Virginia district dominated by military interests would focus on their national security bonafides. Instead, the race between two women on opposite sides of the abortion debate has turned one of the nation’s closest House contests into a referendum on Roe v. Wade. https://gcaptain.com/top-us-shipbuilding-advocate-faces-difficult-election/
9. Two weeks of strikes begin at Liverpool container port
Unite, the union representing many of the port’s workers, has claimed that Peel Ports Group’s board of directors pulled an “agreed” deal from the table before the union’s membership could accept the offer. “The Unite team negotiated in good faith with Peel Ports. But the talks ended in farce, with the deal agreed between Unite and senior management being pulled by the board. Strike action by our members and with the full support of Unite will go ahead,” Unite general secretary Sharon Graham said. https://www.rivieramm.com/news-content-hub/liverpool-port-workers-start-week-long-strike-73272
10. FuelEU vote: European shipowners recognise progress but more is needed for clean fuel uptake
The European Parliament adopted today its position on the FuelEU Maritime Regulation ahead of the negotiations with the Council. European shipowners welcome the progress made on the proposal, but stress that more needs to be done to facilitate the energy transition and the decarbonisation of the industry.
