1. Rail use at Green Gothenburg Gateway reaches new heights
“The demand for climate-smart and reliable rail solutions is enormous. More than 55% of all goods now reach us by rail and I don’t envision a slowdown,” says Svante Altås, Sr. Sales Executive at APM Terminals Gothenburg. “During the year, we introduced a round-the-clock service to meet demand and create the capacity to handle any variations.” https://cyprusshippingnews.com/2022/12/22/rail-use-at-green-gothenburg-gateway-reaches-new-heights/
2. An overview of the LNG Market by VesselsValue
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, LNG rates peaked at a record high of 466,524 USD/Day from the Baltic Exchange BLNG1g assessment, pushing up LNG values. Demand for LNG carriers has increased exponentially this year due to the energy crisis in Europe. https://cyprusshippingnews.com/2022/12/22/an-overview-of-the-lng-market/
3. The CMA CGM Group is strengthening its finance organisation to further support its development
The CMA CGM Group announced the appointment of Ramon FERNANDEZ as Executive Vice President Chief Finance Officer as of the start of the second quarter of 2023. He will replace Michel SIRAT, who will become Head of the Family Office and will remain in charge of the Group M&A and strategy.
4. MSC boosts connections between Angola Namibia and their Key Trade Markets
Offering Pointe-Noire on the Angola service will represent a significant advantage for Asia and India markets in the region. The Congolese port will serve as a key transshipment hub for cargo destinated to Angola and Namibia. Stopping the tranship via Lomé will reduce by 11 days the transit time to the main Angolan port of Luanda, and Namibe, as well as Walvis Bay in Namibia.
5. Shipping heavyweights hit out at BIMCO’s CII clause
Heavyweight shipowners and charterers, including Mediterranean Shipping Company (MSC), A.P. Moller – Maersk, Oldendorff Carriers, Trafigura and Vitol, have strongly criticised BIMCO’s Carbon Intensity Indicator (CII) operations clause, which makes charterers contractually responsible for the CII performance of their hired ships.
6. Yinson agrees short-term extension for Nigeria FPSO
The unit has been operating in Block OML 123 offshore Nigeria. The vessel’s original contract was awarded for a firm eight-year period in October 2006, with an option to renew for up to eight years. The deal expired in October this year and the FPSO has since been chartered through several short-term agreements. https://splash247.com/yinson-agrees-short-term-extension-for-nigeria-fpso/
7. Salvage Continues for Grounded Fishing Vessel on Santa Cruz Island
Salvage crews are making progress on the salvage of the grounded fishing vessel Speranza Marie on Southern California’s Santa Cruz Island—the largest of the Channel Islands.
The 60-foot F/V Speranza Marie was carrying roughly 1,000 gallons of diesel when it grounded in National Park Service waters in Chinese Harbor, on the northern side of the island, . All six crew members were rescued from the vessel. https://gcaptain.com/salvage-continues-for-grounded-fishing-vessel-on-santa-cruz-island/
8. U.S. Imports Accelerate Declines in November, Led By ‘Staggering’ Drop for West Coast Ports -Report
Imports through the top ten container ports in the U.S. marked the largest overall monthly decline since the financial crisis and likely the largest single month contraction ever, according to industry veteran John McCown.
Inbound volumes dropped a whopping 17.5% year over year in November led by a “staggering” 26% decline for West Coast ports—quite possibly the biggest decline ever for the West Coast, McCown says in his monthly U.S. ports report. https://gcaptain.com/u-s-imports-accelerate-declines-in-november-led-by-staggering-drop-for-west-coast-ports-report/
9. Hammerfest LNG to get US$1.3Bn makeover to extend production, cut emissions
The Snøhvit Future project will involve an upgrade to onshore gas compression, which will provide enough flow from the reservoir to extend plateau production and maintain high gas exports from HLNG beyond 2030. Electrification of the facility will reduce CO2 emissions from HLNG by around 850,000 tonnes per year, according to Equinor.
10. China’s Nov coal imports from Russia jump in face of bottlenecks
China’s coal imports from Russia in November rebounded from a four-month low in the prior month despite transport bottlenecks in Russia, as utilities increased purchases to meet rising winter heating demand. China brought in 7.16 million tonnes of coal from Russia last month, data from the General Administration of Customs showed on Tuesday. That compared with 6.43 million tonnes in October, and 5.11 million tonnes in the same period a year earlier.