1. Oceanic joins the Great Place to Work® family
The shipping sector enters the ever-growing Great Place to Work® community of Cyprus with the successful certification of Oceanic.
In a related announcement, the General Manager of Great Place to Work® stated, “Shipping is an important sector of the country’s economic development. Consequently, we consider the success of Oceanic important. It is also important that this is an organization with an extensive international presence. It is also noteworthy that the company has adopted values that are perfectly consistent with the creation and consolidation of an excellent working environment. Congratulations to Oceanic.” https://cyprusshippingnews.com/2023/01/20/oceanic-joins-the-great-place-to-work-family/
2. Gasunie and STORAG ETZEL team up in hydrogen storage in Germany
Gasunie is to become partner in H2CAST, the hydrogen storage pilot project in the Etzel caverns in the German state of Lower Saxony. This was announced today by STORAG ETZEL and Gasunie. For Gasunie, this participation is a first step towards developing hydrogen storage facilities in Germany. https://cyprusshippingnews.com/2023/01/20/gasunie-and-storag-etzel-team-up-in-hydrogen-storage-in-germany/
3. LNG delivering decarbonisation
SEA-LNG is pleased to share its overview of LNG as a marine fuel in 2022-2023. This resource highlights how the shipping industry has advanced along the LNG pathway to decarbonisation in 2022 and outlines what progress is anticipated in 2023. https://cyprusshippingnews.com/2023/01/20/lng-delivering-decarbonisation/
4. Rolls-Royce successfully tests mtu engines with pure hydrogen
Rolls-Royce (LSE: RR., ADR: RYCEY) today announces that it has conducted successful tests of a 12-cylinder gas variant of the mtu Series 4000 L64 engine running on 100% hydrogen fuel. The tests, carried out by the Power Systems business unit, showed very good characteristics in terms of efficiency, performance, emissions and combustion. These tests mark another important step towards the commercial introduction of hydrogen solutions to meet the demand of customers for more sustainable energy. https://cyprusshippingnews.com/2023/01/20/rolls-royce-successfully-tests-mtu-engines-with-pure-hydrogen/
5. MOL takes delivery of Methanol fueled Methanol Carrier Cypress Sun
Mitsui O.S.K. Lines, announced that a ceremony for the naming and delivery of the Cypress Sun, a dual-fuel methanol carrier that can run on either methanol or conventional heavy fuel oil, was held at Hyundai Mipo Dockyard . The vessel will be chartered by MOL from Osaka Shipping and Waterfront Shipping Company Limited will charter the vessel from MOL under a long-term contract. https://cyprusshippingnews.com/2023/01/20/mol-takes-delivery-of-methanol-fueled-methanol-carrier-cypress-sun/
6. Shipmanagement software vendors targeted by hackers
With Voyager Worldwide and DNV’s ShipManager software both hit by cyber attacks in the past couple of months, and other cyber incidents happening but going unreported, there is strong speculation that hackers are targeting this type of software provider, with links to hundreds of ships among client bases. https://splash247.com/shipmanagement-software-vendors-targeted-by-hackers/
7. Shipmanagers actively seeking further consolidation opportunities
With the merger news between OSM Maritime and Thome being among the biggest shipping news stories of the year to date, attention is turning to where consolidation will take place next in the shipmanagement sector. Yesterday Splash broke news of the creation of OSM Thome, a shipmanagement giant with around 1,000 ships on its books including 450 under full technical management, as well as a global workforce of more than 32,000 people. https://splash247.com/shipmanagers-actively-seeking-further-consolidation-opportunities/
8. CMA CGM-backed French sailing cargo ship pushes ahead
CMA CGM-backed Neoline Armateur has launched the long-awaited construction of its first sail-powered cargo vessel at the Turkish shipyard RMK Marine. The 136 m-long vessel, with its concept name Neoliner, will be mainly propelled by its 3,000 sq m sail area, sporting two 76 m-high Solid Sail folding carbon masts and retractable anti-drift plans developed by Chantiers De l’Atlantique shipyard. The ship will offer a capacity of 1,200 lane m, 320 cars or 265 containers, representing up to 5,300 tons of goods. https://splash247.com/cma-cgm-backed-french-sailing-cargo-ship-pushes-ahead/
9. Why Seablindness, Not Putin, Could Be The Biggest Energy Threat
Vladimir Putin’s attempts to destroy Ukraine have been met with powerful resistance, and his energy war against the West has been met with a determined response. His failures in both are centered on Putin underestimating the will of Ukrainians and the ability of the west to quickly reroute LNG tankers, deploy grain ships ton the Black Sea, and send US Merchant Marine ships filled with military supplies to the Baltic and Mediterranean. He underestimated a seafaring nation and shipping itself. https://gcaptain.com/why-seablindness-not-putin-could-be-biggest-energy-threat/
10. Baltic index drops to fresh 2-1/2-year low on weaker capesize demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Thursday to a fresh two-and-a-half-year low, pressured by a dip in rates for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 73 points, or about 8.4%, at 801, its lowest since June 2020.
