1. Car carriers smash records
The car carrier sector continues to smash records. According to Clarksons Research, the one-year time charter rate for a 6,500 ceu ship now stands at $105,000 per day, double the Q2 2008 previous record, with fixtures now typically being concluded for multiple years and much of the charter fleet now fixed forwards. https://splash247.com/car-carriers-smash-records/
2. Tankers, crimes, and fortunes
It was Mario Puzo, who, with a respect for the intellectual property of others worthy of a Netflix director, wrote the short and misleading version as the epigraph to his novel The Godfather, and attributed it to Balzac. Mere intellectual dishonesty, the sort of thing that is now considered trivial. https://splash247.com/tankers-crimes-and-fortunes/
3. Vancouver port becomes testing bed for alternative fuels
The Vancouver Fraser Port Authority, together with partners from across the port community, are testing various low- and zero-emission fuels and technologies at the Port of Vancouver, as part of the port authority’s efforts to phase out all port-related emissions by 2050 in support of the Government of Canada’s goal to achieve net-zero emissions by 2050. https://splash247.com/vancouver-port-becomes-testing-bed-for-alternative-fuels/
4. Artemis I Update: Orion Secured Inside USS Portland Ahead Of Return To Shore
The Orion spacecraft has been secured in the well deck of the USS Portland. The ship will soon begin its trip back to U.S. Naval Base San Diego, where engineers will remove Orion from the ship in preparation for transport back to Kennedy Space Center in Florida for post-flight analysis. https://gcaptain.com/artemis-i-update-orion-secured-inside-uss-portland-ahead-of-return-to-shore/
5. China Shipyards Record Increased LNG Tanker Orders As S.Korea Builders Are Full Up
China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. https://gcaptain.com/china-shipyards-record-increased-lng-tanker-orders-as-s-korea-builders-are-full-up/
6. Ukraine Port Of Odesa Not Operating After Russian Drone Attack
The Ukrainian port of Odesa was not operating on Sunday after the latest Russian attack on the region’s energy system, Agriculture Minister Mykola Solsky said, but added that grains traders were not expected to suspend exports. https://gcaptain.com/ukraine-port-of-odesa-not-operating-after-russian-drone-attack/
7. Dry bulk market seen set to remain invested in traditional bunker fuels for next 5 years
Despite the push for decarbonization and alternative carbon-neutral fuels in the maritime sector, only a third of dry bulk shipping market participants expect new dry bulk orders to be fueled by these substitutes in the next five years, according to a survey by S&P Global Commodity Insights. https://www.shippingtribune.com/news/shipping/Dry+bulk+market+seen+set+to+remain+invested+in+traditional+bunker+fuels+for+next+5+years
8. China buys Russian oil at multi-month low discounts, brushes off price cap
China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor refining margins even though the effective prices refiners pay could exceed a price cap imposed this week by Western countries.
9. IMO Secretary-General receives new President of the Comité Maritime International
IMO Secretary-General Kitack Lim has received Dr. Ann Fenech, new President of the Comité Maritime International (CMI) at IMO Headquarters (6 December). Mr. Lim and Dr. Fenech, the first female President in the CMI’s 125 year history, discussed continued and future collaboration, including on issues such as Maritime Autonomous Surface Ships (MASS) and fraudulent vessel registration. https://cyprusshippingnews.com/2022/12/12/imo-secretary-general-receives-new-president-of-the-comite-maritime-international/
10. Ericsson and Apple sign global patent license agreement
Ericsson (NASDAQ: ERIC) and Apple have reached a multi-year, global patent license agreement between the two companies. The agreement includes a cross-license relating to patented cellular standard-essential technologies and grants certain other patent rights. https://cyprusshippingnews.com/2022/12/12/ericsson-and-apple-sign-global-patent-license-agreement/
