1. LR launches ‘Zero Ready Framework’ that defines readiness of vessels for operating on zero carbon fuels
Lloyd’s Register (LR) has launched a five-level framework for assessing the actual readiness of a vessel for the transition to zero carbon fuels. Published by LR’s Maritime Decarbonisation Hub, ‘Zero Ready Framework – helping to ensure shipping can deliver our zero-emissions future’, ranks vessel readiness for zero carbon fuel operations from 1 (highest level of readiness) to 5 (lowest level of readiness), and measured on a well-to-wake basis. https://cyprusshippingnews.com/2022/11/14/lr-launches-zero-ready-framework-that-defines-readiness-of-vessels-for-operating-on-zero-carbon-fuels/
2. The Shipping Deputy Minister Vassilis Demetriades to participate in Singapore at a business forum
The Σηιππινγ Deputy Minister Vassilis Demetriades, is participating in the first business mission organised by the Cyprus Chamber and commerce and Industry in Singapore, in collaboration with the Business Associations of East and Southeast Asia and China. https://cyprusshippingnews.com/2022/11/14/the-shipping-deputy-minister-vassilis-demetriades-to-participate-in-singapore-at-a-business-forum/
3. Furetank and Algoma double joint investment
Swedish Furetank and Canadian Algoma Central Corporation expand the FureBear joint venture to include eight climate-friendly, dual-fuel product tankers to trade in Northern Europe. The 50/50 owned joint venture was announced in August and is now extended with four additional 17,999 DWT tankers, bringing the total investment to eight vessels. https://cyprusshippingnews.com/2022/11/14/furetank-and-algoma-double-joint-investment/
4. Arab States and Mediterranean region Audit Scheme auditors receive training
IMO is continuing its work to help assess how Member States administer key IMO treaties to ensure its regulatory framework is universally adopted and implemented. A five-day regional training course for auditors under IMO’s Member State Audit Scheme (IMSAS) is being held for auditors from the Arab States and Mediterranean region. The training course commenced on 7 November 2022, in Dubai, United Arab Emirates https://cyprusshippingnews.com/2022/11/14/arab-states-and-mediterranean-region-audit-scheme-auditors-receive-training/
5. Uncovering the vintage appeal of ships
The CII and EEXI will come into force in January and are intended to accelerate greening of the world fleet. It is likely that many ships will not meet the IMO’s EEXI and CII criteria for existing vessels and may well have to be phased out. In the past, shipowners have scrapped their existing vessels, and then gone to yard to commission a high-spec newbuild, to be fully compliant with the latest guidance. https://splash247.com/uncovering-the-vintage-appeal-of-ships/
6. Sea/: The intelligent marketplace for fixing freight
Clarksons-backed Sea/ platform is rapidly scaling up to offer something unique in the fragmented shipping digital universe. The Sea/ platform focuses on delivering an intelligent marketplace for fixing freight. The SaaS platform develops software and digital applications for the maritime industry pre-fixture and at-fixture to enhance the way shipping professionals work. https://splash247.com/sea-the-intelligent-marketplace-for-fixing-freight/
7. Diana Shipping fixes another ultramax to ASL
Greek bulker owner Diana Shipping has secured a new time charter deal with ASL Bulk Marine, for another one of its recently-delivered ultramaxes. The New York-listed company has fixed the 60,404 dwt DSI Polaris between 18 and 20 months at $13,100 per day. The charter has already commenced. https://splash247.com/diana-shipping-fixes-another-ultramax-to-asl/
8. Freeport LNG May Extend Texas Plant Outage Through December
A major US liquefied natural gas exporter will likely extend an outage that began in June, curbing much-needed supply to customers in Europe and Asia right before winter. Freeport LNG told buyers it will likely cancel shipments scheduled for November and December as work continues on repairs and regulatory approvals before a restart, according to people with knowledge of the matter. https://gcaptain.com/freeport-lng-may-extend-texas-plant-outage-through-december/
9. Bollinger Shipyards Completes VT Halter Acquisition
“Today marks an important milestone for Bollinger and our 76-year history,” said Ben Bordelon, CEO and President of Bollinger Shipyards. “We’re excited to offer our defense and commercial customers an expanded suite of high-quality capabilities, services and solutions. By combining our skilled workforces in Louisiana and Mississippi, I know that there’s no better team in the shipbuilding industry to take on the largest, most complex projects.” https://gcaptain.com/bollinger-shipyards-completes-vt-halter-acquisition/
10. Baltic index hits over 1-week low on weak capesize, supramax deman
The Baltic Exchange’s dry bulk sea freight index (.BADI) slipped to its lowest in more than a week on Monday, pressured by declines in the capesize and supramax segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, dropped 30 points, or about 2.2%, to 1,325, its lowest since Nov. 4.
