1. Korean Shipbuilders to finalise KRW6tn deals related to Mozambique project
As French oil company Total Energy has resumed the liquefied natural gas (LNG) project in Mozambique, a renegotiation on the 17 LNG carriers won by Korean shipbuilders has entered the final stage. The total contract value is highly likely to reach US$4.4 billion, exceeding the US$3.0 billion of 2020 when the orders were placed. Moreover, additional orders can be expected from the Mozambican project in the future. https://cyprusshippingnews.com/2022/12/16/korean-shipbuilders-to-finalise-krw6tn-deals-related-to-mozambique-project/
2. NORDEN launched new and improved vessel performance system
Built on years of in-house expertise and data, NORDEN launches a new and improved vessel performance system providing pool partners and other close business partners with transparent data on vessel performance. “With this upgrade, we are able to help our business partners get crucial insights about their vessel performance and, therefore, provide them with information on how to better optimise their vessels on several different parameters,” says Thiago Pessôa, Vessel Performance Manager. https://cyprusshippingnews.com/2022/12/16/norden-launched-new-and-improved-vessel-performance-system/
3. France supports Ukrainian Railways and Naftogaz via the EBRD
The European Bank for Reconstruction and Development (EBRD) and the Government of France have teamed up to help Ukraine and its economy maintain its railway services and energy supply. France is providing a guarantee worth €49.4 million to support an EBRD loan of €150 million to UkrZaliznytsya (UZ), Ukraine’s railway company. This will help finance critical operating expenses to ensure stable rail cargo and passenger transportation, as well as evacuation and humanitarian aid services in the war-torn country.
4. Unseenlabs to launch the eighth satellite of its constellation to track dark ships from space
Unseenlabs, world leader in space-based RF detection for Maritime Domain Awareness, has announced the launch of its latest satellite, BRO-8, number eight in its satellite constellation. BRO-8 will be launched NET January 2023 by SpaceX’s Falcon 9 rocket from Cape Canaveral, Florida, as part of the Transporter-6 Mission. Since the launch of its first satellite in 2019, Unseenlabs has been able to collect tens of thousands of electromagnetic signatures, helping maritime stakeholders track any ship – including dark vessels – anywhere in the world. https://cyprusshippingnews.com/2022/12/16/unseenlabs-to-launch-the-eighth-satellite-of-its-constellation-to-track-dark-ships-from-space/
5. Saipem awarded US$1.2Bn in contracts offshore Egypt and Guyana
The first contract was awarded by ExxonMobil Guyana for the UARU oil field development project, in the Stabroek block offshore Guyana at a water depth of around 2,000 m. The contract scope includes the design, fabrication and installation of subsea structures, risers, flowlines and umbilicals for a large subsea production facility. https://www.rivieramm.com/news-content-hub/saipem-awarded-us12bn-in-contracts-offshore-egypt-and-guyana-74308
6. 2022: The year shipping made do without China
Shipping is never dull, and the moment you feel it might be is probably the time to seek a different career. Being in this industry gives those curious enough an advanced view from the bridge of geopolitical and economic forces shaping the world. https://splash247.com/2022-the-year-shipping-made-do-without-china/
7. Shell and Eneco emerge as winners of Dutch offshore wind tender
A joint venture of supermajor Shell and Dutch utility Eneco has won the tender to build a 760 MW offshore wind farm at the Hollandse Kust West site in the Dutch North Sea. The wind farm, located around 53 km west off the Dutch coast from the town of IJmuiden, is expected to be operational in 2026. https://splash247.com/shell-and-eneco-emerge-as-winners-of-dutch-offshore-wind-tender/
8. Smart Sanctions: The West Finally Gets Clever About Russia
The European Union and the United States are now targeting maritime protection and indemnity (P&I) insurance clubs to limit Russian shipping capacity and cap the price of its oil, meaning we’re finally beginning to see some smart sanctions for a stupid war. https://gcaptain.com/smart-sanctions-the-west-finally-gets-clever-about-russia/
9. Pacific Ocean’s Plastics Cleanup Hindered By Trade Barriers
The cleanup of the world’s oceans is being hindered by visa requirements, tariffs on equipment, and restricted access to local ports and waste management facilities, according to the Asia-Pacific Economic Cooperation. https://gcaptain.com/pacific-oceans-plastics-cleanup-hindered-by-trade-barriers/
10. Baltic index logs best day in nearly 3 months on capesize strength
The Baltic Exchange’s dry bulk sea freight index rose on Thursday to mark its biggest one-day percentage gain since mid-September, underpinned by a jump in capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, gained 127 points, or about 9.1%, to 1,528 – its highest since Oct. 28. https://www.shippingtribune.com/news/shipping/Baltic+index+logs+best+day+in+nearly+3+months+on+capesize+strength
