1. Sailing towards the twin transition: How shipping can use digital to decarbonise
Shipping contributes to around 3% of global emissions and is highly energy intensive. As part of wider decarbonization goals, logistics companies are turning towards the twin transition – the aligned acceleration of digital and sustainability agendas. https://cyprusshippingnews.com/2023/01/18/sailing-towards-the-twin-transition-how-shipping-can-use-digital-to-decarbonise/
2. Record orders for alternative fuel orders – Clarksons Shipbuilding Review 2022
While global newbuild order volumes fell (20% y-o-y in CGT terms), 2022 was still an active year for the global shipbuilding industry with higher pricing (up 15% on average), more complex ships ordered (e.g. a record 182 LNG orders of $39bn) and alternative fuel investment increasing (a record 61% of tonnage ordered) all supporting a 6% increase in value of orders to $124.3bn.
3. Airbus tests renewable marine fuel
In order to reduce the impact of its industrial activities on the environment, Airbus is continously introducing alternative energy solutions across the different transportation methods it uses: air, road and maritime. In 2019, Airbus introduced Sustainable Aviation Fuel (SAF) for its Beluga operations and initiated the use of biogas trucks in 2021 to transport aircraft sections and major components across its production sites in Europe. https://cyprusshippingnews.com/2023/01/18/airbus-tests-renewable-marine-fuel/
4. Cargo ship from Ukraine grounded in Bosphorus strait, traffic halted
The cargo ship MKK 1, travelling from Ukraine to Turkey, was grounded in Istanbul’s Bosphorus Strait on Monday and traffic in the strait was suspended but no damage was reported, shipping agents Tribeca said. Several tugs were among vessels sent to provide assistance to the ship, the coastguard authority said. https://cyprusshippingnews.com/2023/01/18/cargo-ship-from-ukraine-grounded-in-bosphorus-strait-traffic-halted/
5. Magma Aviation supports the recovery of oceans by transporting 1000kilos of plastic free biodegradable flip flops for UK charity Sea Sense
Sea Sense produces plastic-free biodegradable flip flops, of which the sales fund the prevention of plastics from reaching our oceans. They work with grassroots organisations and communities in Sierra Leone, Kenya and Indonesia to reduce plastic pollution whilst also providing a vital income for plastic collectors in developing countries. https://cyprusshippingnews.com/2023/01/18/magma-aviation-supports-the-recovery-of-oceans-by-transporting-1000kilos-of-plastic-free-biodegradable-flip-flops-for-uk-charity-sea-sense/
6. China’s top vehicle manufacturer orders seven car carriers
SAIC Anji, the fast growing logistics subsidiary of China’s giant car manufacturer SAIC, has confirmed its latest round of fleet expansion, signing for a total of seven 8,900 ceu car carriers on home soil. The order has been split between two yards, with Jinling taking four ships and Jiangnan the remaining three. No official price has been revealed, but brokers suggest they are coming in at above $100m each. https://splash247.com/chinas-top-vehicle-manufacturer-orders-seven-car-carriers/
7. Crowley and Esvagt JV scores Siemens Gamesa charter for SOV newbuild in the US
US-based owner Crowley and Danish offshore player Esvagt have secured a 15-year charter deal with wind turbine maker Siemens Gamesa which will see them jointly build and operate a service operations vessel (SOV) for Dominion Energy’s Coastal Virginia offshore wind project in the US. https://splash247.com/crowley-and-esvagt-jv-scores-siemens-gamesa-charter-for-sov-newbuild-in-the-us/
8. Venezuela Halts Oil Exports
The new head of Venezuela’s state oil company PDVSA has suspended most oil export contracts while his team reviews them in a move to avoid payment defaults, according to an internal document seen by Reuters and people familiar with the matter. https://gcaptain.com/venezuela-halts-oil-exports/
9. Russia Boosts Baltic Oil Exports
Europe’s ban on seaborne Russian oil imports from Dec. 5 has prompted Moscow to divert its crude flows to Asia and failed to curb Russian supplies, according to traders and data from Refinitiv Eikon. Supplies of oil from Russia and Kazakhstan from the Baltic Sea ports of Ust-Luga and Primorsk rose in the first half of January to 3.4 million tonnes from 2.5 million tonnes in the same period of December. https://gcaptain.com/russia-boosts-baltic-oil-exports/
10. LNG shipping stocks: December correction ended
The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 4.31% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 2.67%. The UP index ended the December correction and went up to continue the upward trend. This is yet to be apparent in all companies, but in most companies, it already is. https://www.shippingtribune.com/news/shipping/LNG+shipping+stocks%3A+December+correction+ended
