1. ICS and ISSA offer a helping hand with recycling regulations
The International Chamber of Shipping (ICS), the International Shipsuppliers & Services Association (ISSA), BIMCO and the International HazMat Association (IHMA) have collaborated to develop a new guide to help both shipowners and ship suppliers comply with both the current EU Ship Recycling Regulations (EUSRR) and the Hong Kong Convention on Ship Recycling (HKC) where ratification is anticipated next year. https://cyprusshippingnews.com/2022/11/11/ics-and-issa-offer-a-helping-hand-with-recycling-regulations/
2. Container shipping congestion declines as world trade volumes drop in October
Congestion in global container shipping is receding as world trade volumes recorded a 0.8 per cent monthly drop in October, according to Kiel Trade Indicator data. About 10 per cent of all goods shipped worldwide are in congestion. For the US â the worldâs biggest economy â the indicator showed no change to import levels but a decline of 2.7 per cent in export levels. https://cyprusshippingnews.com/2022/11/11/container-shipping-congestion-declines-as-world-trade-volumes-drop-in-october/
3. Euronav sells older Suezmax Cap Guillaume as part of fleet rejuvenation
Euronav has sold the Cap Guillaume (2006 â 158,889 dwt), generating a capital gain of USD 14.3 million. The vessel is debt free and expected to be delivered to her new owners during the current quarter. https://cyprusshippingnews.com/2022/11/11/euronav-sells-older-suezmax-cap-guillaume-as-part-of-fleet-rejuvenation/
4. Port of Aberdeen accelerates to Net Zero with UK Government funding
The âPort Zeroâ feasibility study, which is part of the Clean Maritime Demonstration Competition Round 2 (CMDC2), will analyse future port power demands, assess low carbon energy sources for equipment (e.g., cranes, tugs, pilot boats) and quayside infrastructure, and help develop a roadmap to decarbonise port operations. https://cyprusshippingnews.com/2022/11/11/port-of-aberdeen-accelerates-to-net-zero-with-uk-government-funding/
5. 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/
6. Arise launches dedicated pan-African shipping company
Arise, one of the leading pan-African infrastructure and logistics players, has launched a dedicated shipping company to provide services for the mining, agricultural and industrial sectors. https://splash247.com/arise-launches-dedicated-pan-african-shipping-company/
7. Avance Gas sells 2009-built VLGC
Avance Gas is selling the 2009-built VLGC Promise with a time-charter attached. The company has also entered into a 12-month time-charter for the non-scrubber ship Pampero replacing the remaining duration of the time charter attached to Promise, thus maintaining the contract coverage for the fleet. https://splash247.com/avance-gas-sells-2009-built-vlgc/
8. Mozambique Exports First LNG To Help Ease European Crunch
Mozambique flagged off its first shipment of liquefied natural gas, exports that could help ease Europeâs energy crunch as Russia squeezes supplies. For Mozambique â one of the worldâs poorest nations â it marks the end of a decade-long wait to monetize one of Africaâs largest offshore gas fields. President Filipe Nyusi announced the cargoâs departure in a statement Sunday.
https://gcaptain.com/mozambique-exports-first-lng-to-help-ease-european-crunch/
9. Baltic index edges lower as smaller vessels weigh
The Baltic Exchangeâs dry bulk sea freight index (.BADI) edged down on Thursday to snap a four-session winning streak, as declines in the panamax and supramax segments countered gains in capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, was down 3 points, or about 0.2%, at 1,390, https://www.shippingtribune.com/news/shipping/Baltic+index+edges+lower+as+smaller+vessels+weigh
10. DNV releases update to wind propulsion technical standard
As we continue to build experience on wind-assisted propulsion systems, and as new systems come onto the market, the case for owners who are looking at these systems as part of their efficiency and sustainability strategies grows stronger,â DNV Maritime senior principal engineer Hasso Hoffmeister said. https://www.rivieramm.com/news-content-hub/dnv-releases-update-to-wind-propulsion-technical-standard-73760
