1. WISTA International and the Maritime SheEO officially announced a MoU in India
WISTA International and the Maritime SheEO officially announced the start of the formal partnership between the two organizations at the Maritime SheEO Conference in Mumbai this week. Following a successful history of working together on multiple projects, the organizations signed a Memorandum of Understanding at WISTA International Annual General Meeting on 26 October in Geneva, Switzerland. https://cyprusshippingnews.com/2022/11/21/wista-international-and-the-maritime-sheeo-officially-announced-a-mou-in-india/
2. NOT GUILTY! Chief Engineer acquitted on all counts
On Wednesday November 16, 2022, a twelve (12) person federal jury sitting in the U.S. District Court for the Eastern District of Louisiana returned a unanimous verdict in New Orleans, Louisiana; finding Chief Engineer Warlito Tan, Jr. NOT GUILTY on all four (4) felony counts against him. The government charged Chief Tan with violating the Act to Prevent Pollution from Ships (APPS), violating the Ports and Waterways Safety Act, Obstruction of Justice, and Obstructing a Coast Guard Investigation. https://cyprusshippingnews.com/2022/11/21/not-guilty-chief-engineer-acquitted-on-all-counts/
3. AAL Shipping named winner in the 2022 Australian Shipping & Maritime Industry Awards
AAL Shipping (AAL) has been named joint winner in the DCN Australian Shipping and Maritime Industry awards 2022, together with partner United Salvage, for their collaboration on the complex retrieval of two sunken tugs from the Mersey River in Devonport, Tasmania. https://cyprusshippingnews.com/2022/11/21/aal-shipping-named-winner-in-the-2022-australian-shipping-maritime-industry-awards/
4. Alternative Fuels and Seafarer Competence in Focus at COP27 but What’s New?
Shipping is omitted from the Paris treaty which forms the bedrock of the COP27 agenda, but maritime decarbonisation has risen to become a prominent topic. This year, outright surprises have been few and far between for the maritime sector, but there have been developments worthy of a closer look. https://cyprusshippingnews.com/2022/11/21/alternative-fuels-and-seafarer-competence-in-focus-at-cop27-but-whats-new/
5. MOL delivered Keynote Speech and joined Panel Discussion at Ammonia Energy Conference 2022
MOL has formulated MOL Group Environmental Vision 2.1 and is pursuing environmentally friendly initiatives in line with five strategies, including the adoption of clean alternative fuels. As the only shipping company that participated in the discussions of the “Mission Possible Partnership,” a public-private partnership aimed at decarbonizing industries, in which the World Economic Forum participated in September of this year, and as a result of early endorsement of its proposal “Making Net-Zero Ammonia Possible” (Note 2), MOL was invited to the Ammonia Energy Conference 2022. https://cyprusshippingnews.com/2022/11/21/mol-delivered-keynote-speech-and-joined-panel-discussion-at-ammonia-energy-conference-2022/
6. Tankers in six-digit territory ahead of EU’s Russian crude ban
Tanker rates are surging into six-digit territory. How the sector’s fortunes fare once new European Union bans kick in on Russian crude from December 5 has analysts divided. The many hurdles Russia will face to get its top export to market from next month face a new layer of inspection.
https://splash247.com/tankers-in-six-digit-territory-ahead-of-eus-russian-crude-ban/
7. Drone sightings in Middle Eastern waters spark concern
Britain’s maritime agency said a drone circled a ship in the Gulf of Oman on Friday, three days after an Iranian-made drone attacked a tanker in the region. The Maritime Trade Operations (UKMTO), which is part of the Royal Navy, said the incident took place about 50 miles southwest of Muscat. The vessel and crew were reported to be safe. It did not specify what kind of vessel was involved.
https://splash247.com/drone-sightings-in-middle-eastern-waters-spark-concern/
8. Panamax prices under pressure
Sales in the bulker segment are still pushing through, with many segments still performing well despite the slump in freight rates experienced in Q4. One segment appears to have hit a wall, however. Prices for traditional-sized panamax bulkers continue to fall, with the 14-year-old, Imbaribi-built, Navios Aldebaran reportedly sold for $14m, some $5m less than a sister ship would have obtained in April.
https://splash247.com/panamax-prices-under-pressure/
9. China Surges Exports To North Korea
China’s exports to North Korea surged in 46.3% October from a month earlier, with foodstuffs including rice and sugar among the main items, though it shipped less COVID-related items except for rubber gloves, Chinese customs data showed on Sunday. China’s exports to North Korea surged in 46.3% October from a month earlier, with foodstuffs including rice and sugar among the main items, though it shipped less COVID-related items except for rubber gloves, Chinese customs data showed on Sunday. https://gcaptain.com/china-surges-exports-to-north-korea/
10. The global shipping industry is facing a new problem — too many containers
While there was a shortage of containers at the height of the pandemic, the global economy is now facing the opposite problem: too many containers. On top of falling freight rates, data shows container depots — used to house containers after they are unloaded — are now filling up or full. It points to more signs of falling global demand and an impending economic slowdown. https://www.shippingtribune.com/news/shipping/The+global+shipping+industry+is+facing+a+new+problem+%E2%80%94+too+many+containers
