1. A new Lease on Life for LNG Steam Turbines
Despite LNG carriers accounting for a mere 1.45% of the total cargo fleet, the overall value of LNG sale and purchase transactions accounted for nearly 12% of all cargo transactions that took place in 2022, up from 3% in 2021. This statistic reflects the surging freight rates and values experienced by the LNG sector in 2022, in the wake of major disruptions to Europe’s gas supply. https://cyprusshippingnews.com/2023/02/16/a-new-lease-on-life-for-lng-steam-turbines/
2. Door to Deck Global Marine Logistics D2D joins forces with Marinetrans
Marinetrans, a logistics service provider specialised in supply chain solutions for ship owners and ship management companies, has acquired Door To Deck, a marine logistics specialist in Cyprus and Greece. Marinetrans already had an office in Athens, and will gain a substantially larger presence in Greece with this acquisition. https://cyprusshippingnews.com/2023/02/16/door-to-deck-global-marine-logistics-d2d-joins-forces-with-marinetrans/
3. HMM steps toward Carbon Neutrality with 9 Methanol fuelled container ships
HMM announced on Feb. 14 that it has signed newbuilding contracts with Hyundai Samho Heavy Industries and HJ Shipbuilding and Construction for nine 9,000 TEU container ships powered by methanol dual-fuel engines. In last July, HMM unveiled a mid-to-long-term strategy to leap forward to be a global top-rated shipping and logistics company by enhancing fleet competitiveness. With the order of methanol-powered container ships, HMM has taken an initial step toward expanding its eco-friendly fleet using alternative fuels. https://cyprusshippingnews.com/2023/02/16/hmm-steps-toward-carbon-neutrality-with-9-methanol-fueled-container-ships/
4. Korea’s all international navigation vessels to go green by 2050
The Ministry of Oceans and Fisheries announced on Feb. 14 that every international navigation vessel of South Korea that is 5,000 tons or more would go green by 2050 and government and public funds would be prepared to assist shipping companies. The plan is to reach zero carbon emissions in international shipping by 2050. According to it, a total of 118 ships will go green by 2030 and the number will reach 867 in 2050. The former includes 26 liners for use between South Korea and the Americas and Europe, which are 60 percent of such vessels. https://cyprusshippingnews.com/2023/02/16/koreas-all-international-navigation-vessels-to-go-green-by-2050/
5. Sailors’ Society launches ground-breaking Cadet Report
A pioneering in-depth report on cadets has been launched by international maritime charity Sailors’ Society. This follows the charity’s trailblazing global wellness and mental health conferences designed exclusively for cadets, which were held in 2021-22. ‘Passport to the Future: Investing in Cadets Today’ is the first report of its kind. Using exclusive and wide-reaching data collected during the conferences, this report provides insight into the minds of Generation Z cadets. https://cyprusshippingnews.com/2023/02/16/sailors-society-launches-ground-breaking-cadet-report/
6. ICS details fund and reward green proposal
The International Chamber of Shipping (ICS) has sent a submission to the International Maritime Organization (IMO) fleshing out its fund and reward proposal to get the industry on a green track, after previous decarbonisation plans from the lobby group had failed to garner interest in recent years. The revamped proposal calls for shipowners to make mandatory contributions per tonne of CO2 emitted to create a new IMO fund to be established by 2024. https://splash247.com/ics-details-fund-and-reward-green-proposal/
7. Euroseas goes after Continental Shipping Line for charter repudiation
Greek boxship owner Euroseas is pursuing legal action against Singapore-based Continental Shipping Line (CSL) for not honoring the time charter deal agreed upon last year.
The Nasdaq-listed company re-fixed its smallest and oldest vessel, Aegean Express, to CSL in February 2022 for a period of 36 to 39 months at a rate close to 257 percent of the previous rate. https://splash247.com/euroseas-goes-after-continental-shipping-line-for-charter-repudiation/
8. SpaceX Abandons Plan to Convert Offshore Oil Rigs Into Rocket Launchers
Elon Musk’s SpaceX has ditched plans to use two semi-submersible oil rigs as offshore launching platforms for the company’s next-generation rocket, according to Space News.
SpaceX apparently purchased the rigs in 2020 with plans to convert at Bollinger Mississippi Repair in Pascagoula, where they arrived last March. But space community insiders are reporting that the rigs have started mostly dormant over the past year and they are now due to depart in the next few weeks. https://gcaptain.com/spacex-abandons-plan-to-convert-offshore-oil-rigs-into-rocket-launchers/
9. Hot Work Sparked Engine Room Fire, NTSB Determines
Combustible materials left unprotected near hot work led to an engine room fire on a passenger vessel in New Orleans, the National Transportation Safety Board (NTSB) has determined. The passenger vessel Natchez was moored and out of service when a fire broke out on May 3, 2022. No pollution or injuries were reported, but the fire resulted in $1.5 million in damages to the vessel. https://gcaptain.com/hot-work-sparked-engine-room-fire-ntsb-determines/
10. Elegant Marine Services Pvt Ltd. Announced As Bronze Sponsor Of India Tanker Shipping And Trade Summit 2023
The Shipping Tribune is pleased to announce Elegant Marine Services Pvt Ltd. as the Bronze Sponsor of “India Tanker Shipping & Trade Summit”. The Summit is back with a bigger, better & more diversified list of participants Previous editions of this conference have received very huge response not only from India but also from Far East, Middle East and other parts of the world. https://www.shippingtribune.com/news/shipping/Elegant+Marine+Services+Pvt+Ltd.+Announced+As+Bronze+Sponsor+Of+India+Tanker+Shipping+And+Trade+Summit+2023
