1. DNV creates Gas Carrier and Alternative Fuels expert team in China
DNV has launched a Shanghai-based Gas Carrier and Alternative Fuels Expert Team to support key stakeholders amid strong growth in two thriving markets in China: large gas carriers and alternative-fuel new buildings. https://cyprusshippingnews.com/2022/11/04/dnv-creates-gas-carrier-and-alternative-fuels-expert-team-in-china/
2. Port of New Orleans unveils design updates to the Louisiana International Terminal Based on early community input
The Port of New Orleans announced progress on the Louisiana International Terminal in St. Bernard Parish, including investments in sustainability, updates on transportation infrastructure, and a new terminal design that directly addresses early community input on traffic, neighborhood buffers, drainage and more https://cyprusshippingnews.com/2022/11/04/port-of-new-orleans-unveils-design-updates-to-the-louisiana-international-terminal-based-on-early-community-input/
3. OOCL orders seven 24000TEU Methanol-Compatible Container Vessels
OOCL announced a newbuilding order of seven methanol-compatible 24,000TEU container vessels with expected delivery starting from the third quarter of 2026. The green fuel technologies to be applied on these new vessels, most notably for the methanol dual fuel engines, constitute a significant milestone in OOCL’s decarbonization journey. https://cyprusshippingnews.com/2022/11/04/oocl-orders-seven-24000teu-methanol-compatible-container-vessels/
4. Mississippi River shipments down significantly
The US Department of Agriculture’s Agricultural Marketing Service (AMS) has reported that the number of grain barges unloaded in New Orleans during September and October was 20% to 30% lower than in recent years. The slowdown coincides with low water levels in the Mississippi River and its tributaries, and restrictions on barge operators. https://splash247.com/mississippi-river-shipments-down-significantly/
5. Government of Guyana to auction 14 oil blocks
The Government of Guyana has identified 14 oil blocks that will be auctioned in the nation’s first-ever competitive offshore oil and gas licensing round, expected to be concluded by the end of Q1 2023. The country’s Ministry of Natural Resources has revised the fiscal terms that will guide all future offshore investments for projects that reach the production stage. https://splash247.com/government-of-guyana-to-auction-14-oil-blocks/
6. Ukraine Says Russia Destroying Civilian Ships On River In Southern Standoff
Ukraine’s army accused Russia on Sunday of the large-scale destruction of civilian vessels moored on the banks of the Dnipro River in the occupied southern region of Kherson that Kyiv’s forces are trying to capture. https://gcaptain.com/ukraine-says-russia-destroying-civilian-ships-on-river-in-southern-standoff/
7. Cruise Demand Has Returned To Pre-Pandemic Levels
Royal Caribbean Cruises Ltd. said occupancy has rebounded to pre-pandemic levels, with bookings running higher than the third quarter of 2019. The second-largest cruise operator reported third-quarter results Thursday that surpassed Wall Street estimates and said customer demand met 2019 levels for the first time since the Covid-19 pandemic shut down cruises. https://gcaptain.com/cruise-demand-has-returned-to-pre-pandemic-levels/
8. Japan Hosts Multilateral Display Of Naval Unity Amid East Asia Tension
Japan hosted its first international fleet review for seven years on Sunday with ships from 12 other nations in a show of unity as North Korea fires record numbers of missiles and China increases its pressure on Taiwan. https://gcaptain.com/japan-hosts-multilateral-display-of-naval-unity-amid-east-asia-tension/
9. Progress coming on autonomous ship regulations
This key international committee will be sitting in London, UK, 2-11 November to discuss safety initiatives, regulations and guidance. As part of this, MSC 106 will review the progress made on developing a goal-based instrument regulating the operation of autonomous ships.
https://www.rivieramm.com/news-content-hub/progress-coming-on-autonomous-ship-regulations-73636
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. https://www.shippingtribune.com/news/shipping/Capesize+shipments+of+Guinean+bauxite+jump+27.4%25+YTD
