1. YoungShip Cyprus Annual Gala Dinner and Awards Ceremony 2022
The annual gala dinner organized by “YoungShip Cyprus” on Friday 4th November 2022, at Columbia Plaza in Limassol, has been completed with great success. More than two hundred thirty distinguished guests from the Maritime Industry of Cyprus honored the event with their presence, celebrating until the early hours in a pleasant atmosphere and leaving, to the satisfaction of the organizers, with the best impressions regarding the well organized and high-quality evening. https://cyprusshippingnews.com/2022/11/08/youngship-cyprus-annual-gala-dinner-and-awards-ceremony-2022/
2. New Pelagic Wind Fund kicked off with up to 6 CSOV newbuilding orders
As part of its third compartment under the name “Pelagic Wind Fund”, Pelagic Partners has secured a series of 2+2+2 newbuild orders for Commissioning Service Operation Vessels at Cochin Shipyard in India. The order has a value of over 350m Euro and the vessels are expected to be delivered in Q1 2025, as mentioned during the signing agreement that took place today in Cochin, India where executives from Pelagic Partners, Pelagic Wind Services and Cochin Shipyard launched the new partnership.
3. Leading energy and maritime actors set priority actions to accelerate the development of the Australia-East Asia Iron Ore Green Corridor
Representatives from leading maritime and energy organizations convened in Sydney in October with the aim of accelerating the development of a green corridor for transportation of iron ore between Australia and East Asia (the Australia-East Asia Iron Ore Green Corridor) and identifying key actions to fuel the clean shipping of iron ore by matching emerging clean ammonia¹ supply with industry demand. https://cyprusshippingnews.com/2022/11/08/leading-energy-and-maritime-actors-set-priority-actions-to-accelerate-the-development-of-the-australia-east-asia-iron-ore-green-corridor/
4. Norwegian maritime partners join forces to find the fastest way to zero emissions
In response to the Green Shipping Challengeformulated jointly by the Governments of Norway and the United States, Norwegian maritime cluster organisations, shipping-industry associations, shipowners, business organisations, classification societies and finance actors together commit to far-sighted cooperation to achieve zero emissions for the maritime sector. https://cyprusshippingnews.com/2022/11/08/norwegian-maritime-partners-join-forces-to-find-the-fastest-way-to-zero-emissions/
5. Shipyards look to plug the gap as two-horse newbuilding race runs its course
Shipyards banking on a decarbonisation-driven order boom must contend with present day realities, writes Stuart Nicoll from Maritime Strategies International. The global orderbook for all vessel types continues to rise during 2022, as the quantity of new orders outstrip deliveries. This is despite a trend decline in newbuilding contracting volumes over the last year. https://splash247.com/shipyards-look-to-plug-the-gap-as-two-horse-newbuilding-race-runs-its-course/
6. Brazilian Association of Port Terminals accuses Maersk and MSC of exploiting their dominance
The Brazilian Association of Port Terminals (ABTP) has officially asked the country’s Administrative Council for Economic Defense (CADE) to investigate possible exploitation by Maersk and MSC of their dominant position in Brazil’s maritime container industry. The association accuses the two carriers, which it says together transport 79% of containers along the Brazilian coast, of directing cargo to the seven port terminals they own. According to ABTP, those seven terminals handle almost half of Brazil’s containerised cargo. https://splash247.com/brazilian-association-of-port-terminals-accuses-maersk-and-msc-of-exploiting-their-dominance/
7. Covid puts Marintec China on hold for another year
With covid cases in China surging, Informa, the organiser of Marintec China, has been forced to cancel next month’s giant event in Shanghai for the third time in the last three years. The 21st edition of Marintec China has been postponed once again and is now set to take place at the end of the next year, meaning the show, the second-largest shipping exhibition in the world after SMM in Hamburg, will have ducked under the calendar for four years when and if it returns. https://splash247.com/covid-puts-marintec-china-on-hold-for-another-year/
8. Seafarer Sentenced to 20 Years in Prison for Brutal Murder of Supervisor on MSC Containership
A Filipino seafarer has been sentenced to 20 years in U.S. prison for the brutal murder of a direct supervisor on board a MSC containership off the coast of California. Michael Dequito Monegro, 44, a resident of the Philippines, was sentenced by United States District Judge Dale S. Fischer, who said in court at today’s hearing that Monegro’s “conduct was unusually heinous, cruel and brutal.” https://gcaptain.com/seafarer-sentenced-to-20-years-in-prison-for-brutal-murder-of-supervisor-on-msc-containership/
9. Russian Oil Exports Hold Steady As Deadline Approaches
Ship tracking data obtained by S&P Global indicates that Russian tanker shipments of crude oil rose slightly in October as declining oil product exports from Russian ports more than offset an increase in crude flows despite impending EU penalties. https://gcaptain.com/russian-oil-exports-hold-steady-as-deadline-approaches/
10. Ukraine Wants Grain Deal Expanded, Eyes Decision Next Week
Ukraine wants the Black Sea grain export deal expanded to include more ports and goods, and hopes a decision to extend the agreement for at least a year will be taken next week, Ukraine’s deputy infrastructure minister said on Tuesday. https://www.shippingtribune.com/news/shipping/+Ukraine+Wants+Grain+Deal+Expanded%2C+Eyes+Decision+Next+Week
