1. Wallenius Marine first Sleipner vessels starts to take shape
On 1 November, Longkou Shipyard in China held the keel laying ceremony for the first vessel from the Sleipner concept, which will be chartered out to Volkswagen Konzernlogistik GmbH & Co. OHG. Wallenius Marine have eight co-workers in different disciplines on site. https://cyprusshippingnews.com/2022/11/04/wallenius-marine-first-sleipner-vessels-starts-to-take-shape/
2. Cyprus is entrusted with the organisation of the 2026 European Maritime Day
The Cyprus Shipping Deputy Ministry informs about the decision of the European Commission to assign to Cyprus and more specifically to Limassol the organization of the European Maritime Day (EMD) for 2026. https://cyprusshippingnews.com/2022/11/03/cyprus-is-entrusted-with-the-organisation-of-the-2026-european-maritime-day/
3. Maersk and the Spanish Government to explore large-scale green fuels production
A.P. Moller – Maersk (Maersk) and the Spanish Government have signed a General Protocol for Collaboration to explore the opportunities for large-scale green fuels production in Spain Signing the Protocol marks a significant milestone in the collaboration that, if implemented in full, could deliver up to 2 mil. tonnes of green fuels per year. https://cyprusshippingnews.com/2022/11/04/maersk-and-the-spanish-government-to-explore-large-scale-green-fuels-production/
4. Erasmus expands its containership and LPG carriers fleet
Despite the recent downward market corrections Erasmus Shipinvest Group (ESI) has spared no effort to get the 1st ever Feeder containership Newbuilding delivered from the top-class Japanese shipyard. c/v Feeder Ace (Kyokuyo Shipyard-1096 TEU) joined the company’s dynamic and state-of-the-art management fleet, dedicatedly serving one of the world’s largest and most respectful liner-major companies for the next multiple years. The vessel is the newest eco-designed with EEDI Phase-3 compliance with long-term sustainable operations and good trading performance for the company’s premier customers. https://cyprusshippingnews.com/2022/11/04/erasmus-expands-its-containership-and-lpg-carriers-fleet/
5. Dry bulk braces for troubled end to the year
The last three weeks have been poor for dry bulk earnings, with the very real prospect the Baltic Dry Index could duck below the 1,000 point mark this month. Capes are now working at roughly $5,000 a day below opex on the spot market, and are close to dropping below the $10,000 mark. https://splash247.com/dry-bulk-braces-for-troubled-end-to-the-year/
6. UK confirms it will not insure ships carrying Russian oil
The UK treasury has confirmed it will not allow any British insurers to cover ships carrying Russian oil from December 5. By December 5, tanker owners that fly any European Union flag or carry P&I insurance from an EU or UK club can no longer have crude oil onboard that originated in Russia, unless Russia has sold the crude to the buyer at or under a price cap pushed for by G7 members. https://splash247.com/uk-confirms-it-will-not-insure-ships-carrying-russian-oil/
7. ‘Backyard Buoys’ To Improve Access To Vital Ocean Data For Indigenous And Coastal Communities
A new ocean science effort to improve equity and inclusion is underway, thanks to a $4.98 million cooperative agreement to three regional associations of the NOAA-led U.S. Integrated Ocean Observing System. The National Science Foundation (NSF) provided the funds through a cooperative agreement for Backyard Buoysoffsite link, a project to improve ocean data access for Indigenous communities. https://gcaptain.com/backyard-buoys-to-improve-access-to-vital-ocean-data-for-indigenous-and-coastal-communities/
8. Superyacht Seized In Spain As Sanctioned Owner Stops Fees
A Spanish court moved to seize a superyacht valued at $140 million that’s linked to a senior executive at a Russian defense conglomerate, after the owner stopped paying maintenance fees in June.
The court order to seize the 85 meter (279 feet) Meridian A — formerly called Valerie — was handed down by a Barcelona judge on Wednesday, according to the Spanish maritime authorities.
9. IMO Code set to be adopted for safety of industrial personnel
This key safety committee is meeting 2-11 November in London, UK, to adopt new regulations and guidance affecting all aspects of maritime operations. MSC 106 has been invited to adopt regulations to reduce risks to industrial personnel working on vessels, particularly those operating in the offshore energy sector https://www.rivieramm.com/news-content-hub/new-imo-code-set-to-be-adopted-for-safety-of-industrial-personnel-73637
10. Capesize shipments of Guinean bauxite jump 27.4% YTD
High energy prices in Europe have shifted aluminium production to China. Due to China’s increasingly depleted bauxite reserves, this shift has resulted in an increase in bauxite shipments, benefitting the capesize segment. Guinea, the world’s largest exporter of bauxite, accounts for around half of traded volumes and has seen a 14.9% increase in bauxite shipments so far in 2022.