1. Columbia Shipmanagement and Marine Capabilities focus on vessel performance optimisation in newly signed MOU
Columbia Shipmanagement (CSM) and Marine Capabilities (MARCAP LLC) have signed a Memorandum of Understanding in Abu Dhabi that will lead innovation and shape the technological future of the maritime sector in the Middle East Gulf region.
2. Cyprus Shipping Deputy Minister in Israel for Cyprus-Israel business forum
Cyprus Shipping Deputy Minister Vassilios Demetriades is set to present before the Cyprus – Israel business forum the strategy, actions and initiatives promoted by Cyprus for shipping, highlighting the advantages of Cyprus as a quality shipping center. https://cyprusshippingnews.com/2022/11/11/cyprus-shipping-deputy-minister-in-israel-for-cyprus-israel-business-forum/
3. DP World Limassol welcomes record number of cruises in October
October was the busiest cruise month of 2022 for DP World Limassol, as 29 cruise ships carrying over 46,000 people, berthed at the port and used its passenger terminal. Between January and October, DP World Limassol accommodated 128 cruise ships and 154,000 passengers, while it expects an additional 35 vessels end of the year. This will bring the total to 163 expected arrivals, a considerable increase compared with 2021. https://cyprusshippingnews.com/2022/11/11/dp-world-limassol-welcomes-record-number-of-cruises-in-october/
4. Council renews EU sanctions over unauthorised Turkish drilling in Cypriot EEZ
The Council of the European Union has adopted a decision extending the regime for restrictive measures in response to Türkiye’s unauthorised drilling activities in the Eastern Mediterranean for a further year, until 12 November 2023. With this decision, the EU maintains its ability to impose targeted restrictive measures on persons or entities responsible for or involved in unauthorised drilling activities of hydrocarbons in the Eastern Mediterranean. https://cyprusshippingnews.com/2022/11/10/council-renews-eu-sanctions-over-unauthorised-turkish-drilling-in-cypriot-eez/
5. Asset plays to fade with alternate fuels: Danish Ship Finance
Danish Ship Finance has published its latest keenly awaited biannual shipping markets report, the reading of which may prove uncomfortable for smaller, traditional owners. As shipping moves down its decarbonisation path, far more ships will be tied up in longer-term contracts to pay for all the new, more expensive green fuels with larger owners better placed to handle this transition, Danish Ship Finance is predicting. https://splash247.com/asset-play-to-fade-with-alternate-fuels-danish-ship-finance/
6. UN launches satellite system to track methane emissions
Shipowners with LNG-powered tonnage will face greater scrutiny from out in space, it was revealed today at COP27, the international climate conference taking place in Egypt. The United Nations has announced a new satellite-based system to detect emissions of methane and allow governments and businesses to respond. https://splash247.com/un-launches-satellite-system-to-track-methane-emissions/
7. Samsung and KSS Line to develop hydrogen and ammonia seaborne trades together
Samsung C&T Corp, the construction and trading arm of South Korea’s Samsung Group, is teaming with compatriot shipping firm KSS Line is develop a fleet of hydrogen and ammonia carriers. KSS Line is the country’s only owner with current experience of shipping ammonia. https://splash247.com/samsung-and-kss-line-to-develop-hydrogen-and-ammonia-seaborne-trades-together/
8. US Merchant Marine Academy Appoints Joanna Nunan As First Female Superintendent
The US Maritime Administration (MARAD) today announced the appointment of retired US Coast Guard 2-Star admiral Joanna Nunan as the next superintendent of the U.S. Merchant Marine Academy (USMMA) at Kings Point, NY. Nunan, who spent more than three decades in the U.S. Coast Guard, has commanded units at every level both afloat and ashore. She will begin work at the Academy in a few weeks. https://gcaptain.com/us-merchant-marine-academy-appoints-joanna-nunan-as-first-female-superintendent/
9. Global Food Imports Could Exceed $2 Trillion
Food imports costs across the world are on course to hit a near $2 trillion record in 2022, piling pressure on the globe’s poorest countries who likely shipped in considerably less volumes of food, the U.N. Food Agency said on Friday. World food prices soared to record levels in March after Russia invaded Ukraine, a key grains and oilseeds producer, and while they have since retreated somewhat, they remain above last year’s lofty levels. https://gcaptain.com/global-food-imports-could-exceed-2-trillion/
10. BIMCO joins the Blue Visby Consortium to support digitalisation
BIMCO has joined the Blue Visby Consortium to support research into practical solutions that help reduce the industry’s greenhouse gas (GHG) emissions.The Blue Visby Consortium works to reduce greenhouse gas emissions from ships by about 15% through a multilateral platform named the Blue Visby Solution which optimizes ships’ arrival times at their destinations by eradicating the practice of “Sail Fast then Wait”. https://www.shippingtribune.com/news/shipping/BIMCO+joins+the+Blue+Visby+Consortium+to+support+digitalisation
