1. Maersk and MSC discontinue 2M alliance in 2025
“MSC and Maersk recognize that much has changed since the two companies signed the 10-year agreement in 2015. Discontinuing the 2M alliance paves the way for both companies to continue to pursue their individual strategies.
2. Vehicle Carrier and RoRo Full Year Review 2022
Short Shipping supply got further squeezed for exporters in 2022 due to chronic land side congestion at major ports and terminals in Europe, reducing PCTC (Pure Car Truck Carrier) ship call frequency and therefore capacity. Terminal space completely maxed out in August at major hubs in the Med and Northwest Europe, including Bremerhaven, Zeebrugge and Antwerp, resulting in record delays for Vehicle Carriers on main Transatlantic and Asia to Europe liner services (as shown in Figure 1.1). https://cyprusshippingnews.com/2023/01/26/vehicle-carrier-and-roro-full-year-review-2022/
3. World Ports Climate Action Program creates global momentum for sustainable shipping
In addition to helping its 12 member ports decarbonize, the World Ports Climate Action Program has contributed to the faster adoption of sustainability standards and measures in the wider shipping industry. That was the main take away from the 4th meeting of CEO’s and working group members of WPCAP, which was founded almost 5 years ago to accelerate actions to combat climate change in the maritime sector https://cyprusshippingnews.com/2023/01/26/world-ports-climate-action-program-create-global-momentum-for-sustainable-shipping/
4. North P&I launches mobile app to ease evidence gathering burden for marine professionals
A new mobile app from North P&I will make collecting evidence on incidents faster, easier and more accurate while enhancing reporting consistency in future claims. Formally launched to market ‘The MRCE Handbook’ app from North will help senior officers, surveyors and shore-based technical and marine personnel gather evidence quickly and efficiently, using standardised formats on mobile phones and tablets. https://cyprusshippingnews.com/2023/01/26/north-pi-launches-mobile-app-to-ease-evidence-gathering-burden-for-marine-professionals/
5. Europe’s shipping sector needs certainty to plan for renewables transition
Leading companies from across Europe’s fuel production chain have joined with NGOs to press the European Union’s legislators to provide the clarity and certainty they need to make long term investments in the renewable fuels required for the clean energy transition. https://cyprusshippingnews.com/2023/01/26/europes-shipping-sector-needs-certainty-to-plan-for-renewables-transition/
6. Bid launched to take GasLog Partners private
Peter Livanos-controlled GasLog has launched a near $400m bid to take New York-listed GasLog Partners private. Combined, the two entities would have a fleet of 38 LNG carriers. Privately held GasLog is offering $7.70 per unit in the unsolicited non-binding proposal for the nearly 70% of the common units it does not control to take GasLog Partners private. https://splash247.com/bid-launched-to-take-gaslog-partners-private/
7. Hapag-Lloyd takes stake in India’s J M Baxi Ports & Logistics
The Hamburg-based liner is buying 35% of the business from a Bain Capital Private Equity affiliate and has also struck a deal with J M Baxi Ports & Logistics’ and its promoters, the Kotak family, to subscribe to a capital increase and lift its shareholding to 40%. Financial terms have not been disclosed.
8. Nuclear power for shipping; understanding the opportunity in context
Using nuclear power to propel ships is not a new concept, but the intense interest in commercial maritime decarbonisation is pushing curiosity around the topic to new heights. This is unlikely to be your father’s nuclear power, as it is based on new technologies that differ from legacy power plants. https://splash247.com/nuclear-power-for-shipping-understanding-the-opportunity-in-context/
9. Black Sea Watch: Weekly Ukrainian seaborne grain flows recover, participants cautious
Seaborne Ukrainian grain flows through the Black Sea jumped during the week Jan. 16-22, with volumes up 82% on the week to reach 893,874 mt, and the average cargo size now trending at the highest levels since the inception of the safe passage agreement, an analysis of UN’s Black Sea Grain Initiative Joint Coordination Centre data by S&P Global Commodity Insights showed Jan. 23.
10. China Eases COVID-19 and Crew Change Restrictions
On 27 December 2022, the Ministry of Transport together with other administrative bodies including the National Administration of Disease Prevention and other Control, issued the Notice on Effectively Conducting Crew change for International Vessels after Management of the COVID-19 Disease Downgraded to Class B (“The Notice”). https://www.shippingtribune.com/news/shipping/China+Eases+COVID-19+and+Crew+Change+Restrictions