1. 247 Greek-owned shipping companies and their 1,976 vessels honoured for rescuing ships in distress
Hundreds of Greek shipping companies were recognized for their participation at the AMVER program last year, during the 30th anniversary of the Greek AMVER Awards Gala Dinner, which took place last night at the Athenaeum Intercontinental Hotel. https://cyprusshippingnews.com/2022/12/20/247-greek-owned-shipping-companies-and-their-1976-vessels-honoured-for-rescuing-ships-in-distress/
2. Norway’s Hoegh LNG in talks to supply more regasification vessels to Europe
Norway’s Hoegh LNG is in talks to supply more of its floating storage and regasification units (FSRUs) to several European countries seeking alternatives to Russian gas, its CEO said. The sharp drop in piped Russian gas exports to Europe in the wake of the Ukraine war has resulted in a dash for FSRUs to allow diversification with liquefied natural gas (LNG) imports. https://cyprusshippingnews.com/2022/12/20/norways-hoegh-lng-in-talks-to-supply-more-regasification-vessels-to-europe/
3. EU’s methane inclusion in ETS likely to not dampen LNG bunker demand
The EU will include methane in its Emissions Trading System for maritime transportation later this decade, but industry participants expect the regulatory change to have limited impact on LNG bunkering’s prospects with shipowners moving towards modern tonnage. https://cyprusshippingnews.com/2022/12/20/eus-methane-inclusion-in-ets-likely-to-not-dampen-lng-bunker-demand/
4. Russia offers to help India get hold of big oil tankers so it can dodge the EU price cap rules
Moscow has offered to help India to get hold of large oil tankers to get around the G7-backed price cap on Russian crude, as it hunts for buyers to replace its European market. Under the price-cap rules, the G7 and its allies won’t allow vessels carrying Russian barrels access to their insurance and shipping services unless they sell crude at or below a set level. That makes it harder for shippers to transport the crude around the globe. https://cyprusshippingnews.com/2022/12/20/russia-offers-to-help-india-get-hold-of-big-oil-tankers-so-it-can-dodge-the-eu-price-cap-rules/
5. Hot work on board – Fire in cargo holds
The number of incidents that result in fire in cargo holds caused by hot works is not very high, although such cases still happen from time to time. The most common situation is when a shore gang is contracted to cut or weld stoppers, D-rings, or other lashing points on weather deck or tweendeck of the vessel. In such cases the vessel is responsible for arranging a fire watch to monitor hot works and take prompt action in case of fire. https://cyprusshippingnews.com/2022/12/20/hot-work-on-board-fire-in-cargo-holds/
6. Ørsted takes over Europe’s largest e-methanol project
The Fredericia-based utility has acquired the remaining 55% stake in the project from Swedish power-to-fuel player Liquid Wind, the original developer of the project. A final investment decision has been made, with construction expected to start in the spring of 2023. Once fully operational, the facility will produce around 50,000 tonnes of e-methanol yearly. https://splash247.com/orsted-takes-over-europes-largest-e-methanol-project/
7. Keppel Offshore and Marine concludes Brazilian corruption case with $65m fine
Keppel Offshore and Marine (KOM) has finally fully resolved the case related to corrupt payments made by its agent to officials of Brazilian state-run oil company Petrobras and Brazilian politicians between 2001 and 2014. In 2017, the company reached a global resolution with authorities in the US, Brazil and Singapore, through which it was ordered to pay a fine of $422.2m to the three countries. https://splash247.com/keppel-offshore-and-marine-concludes-brazilian-corruption-case-with-65m-fine/
8. Port Houston Posts Another Container Gain in November
If U.S. imports are slowing, Port Houston has yet to get the memo. The U.S. Gulf Coast’s busiest port reported an 11% jump in container volumes in November, bucking a trend of year-over-year declines at other major U.S. ports. Port Houston’s Barbours Cut and Bayport container terminals handled a total 348,950 TEUs in November, bringing its year-to-date total to more than 3.6 million TEUs through the first eleven months of 2022. That’s up 17% compared to last year. https://gcaptain.com/port-houston-posts-another-container-gain-in-november/
9. Wind Power Giant Will Make Green Shipping Fuel at Big Plant in Sweden
Danish renewable energy developer Orsted A/S will spend more than $145 million to develop a Swedish facility to produce low-carbon shipping fuel. The site will be the largest of its kind in Europe, serving as a potential test case for the nascent market to cut emissions from the shipping industry. It’s a prospect that got a significant boost after the European Union agreed over the weekend to expand its carbon market to include emissions from the industry. https://gcaptain.com/wind-power-giant-will-make-green-shipping-fuel-at-big-plant-in-sweden/
10. End of ‘easy bunkering’ in sight on shifting oil flows: TFG Marine
The days of picking and choosing from a range of bunker fuels at ports are disappearing as geopolitics cause oil flows to shift, meaning shippers must plan more carefully ahead to ensure they can buy the fuel they need, an official at TFG Marine said. https://www.shippingtribune.com/news/shipping/End+of+%E2%80%98easy+bunkering%E2%80%99+in+sight+on+shifting+oil+flows%3A+TFG+Marine
