1. Grant of property and infrastructure to the Greek Ministry of Shipping and Insular Policy to temporarily cover the housing needs of the Underwater Operations Unit
Piraeus Port Authority’s decision for the grant of space and equipment to cover the housing needs of the Underwater Operations Unit of the Greek Ministry of Shipping and Insular Policy is fully aligned with the company’s corporate social responsibility strategy. https://cyprusshippingnews.com/2023/02/24/grant-of-property-and-infrastructure-to-the-greek-ministry-of-shipping-and-insular-policy-to-temporarily-cover-the-housing-needs-of-the-underwater-operations-unit/
2. Strategic cooperation of HELLENiQ ENERGY with EGPC, for Egyptian crude oil supply
An important bilateral agreement for the supply of Egyptian crude oil by the HELPE refineries was signed in Cairo, by the HELLENiQ ENERGY CEO, Mr. Andreas Shiamishis and the President of the Egyptian State Oil company EGPC (Egyptian General Petroleum Corporation), Mr. Alaa El Batal, in the presence of the Minister of Petroleum and Mineral Resources, Mr. Tarek El Molla. https://cyprusshippingnews.com/2023/02/24/strategic-cooperation-of-helleniq-energy-with-egpc-for-egyptian-crude-oil-supply/
3. Ukraine to establish $500m ship insurance fund
In a bid to get more grain exports moving, Ukraine’s parliament has approved a $500m insurance fund to offer compensation for any ships damaged calling at its ports. Ukraine is gearing up to renegotiate the terms of the Black Sea Grain Initiative, a deal with warring foe Russia created in July last year which allows Kyiv to export grain from three Black Sea ports. https://splash247.com/ukraine-to-establish-500m-ship-insurance-fund/
4. EU targets shipping in latest package of Russia sanctions
The European Union approved a tenth package of Russia sanctions on Friday with shipping very much in the sights of politicians. Sun Ship Management, the Dubai-based manager of the Sovcomfleet, is part of the new sanctions as is the Russian National Reinsurance Company (RNRC) and Atomflot, which manages Russia’s icebreaking fleet. https://splash247.com/eu-targets-shipping-in-latest-package-of-russia-sanctions/
5. Shipping’s green bullet
Shipping’s singular focus on alternative fuels to lower costs and GHG emissions ignores the most immediate renewable energy solution: Wind. New technologies make this established solution the best short term propulsion answer, says Diane Gilpin, CEO of Smart Green Shipping. https://splash247.com/shippings-green-bullet/
6. Largest wind-assisted shortsea roro returns to service
Luxembourg-headquartered CLdN is bringing back its roro Delphine into service following a successful retrofit of two tilting rotor sails. The 2018-built vessel is the first in the CLdN fleet to be fitted with the system and will return to service from Zeebrugge, Belgium, as from February 27. https://splash247.com/largest-wind-assisted-shortsea-roro-returns-to-service/
7. First Container Ship Carrying General Cargo In Years Docks At Hodeidah Port
A container ship carrying general commercial goods docked at Yemen’s main port of Hodeidah for the first time since at least 2016 on Saturday as parties in Yemen’s eight-year war are in talks to reinstate an expired U.N.-brokered truce deal. The conflict, which pits a military coalition led by Saudi Arabia against the Iran-aligned Houthi group, has divided Yemen and caused a humanitarian crisis that has left 80% of the 30 million population needing help. https://gcaptain.com/first-container-ship-carrying-general-cargo-in-years-docks-at-hodeidah-port/
8. BTS acquisition to help ZeroNorth expand Asia footprint
iBMS serves to increase the efficiency and profitability of marine fuel suppliers, traders and brokers by digitalising their business processes through eliminating unproductive tasks, automating work processes, enabling greater sharing of information and enhancing decision making. It was one of the first projects supported by Singapore’s Maritime and Port Authority (MPA) under the Maritime Innovation and Technology Fund in the early 2000s. https://www.rivieramm.com/news-content-hub/bts-acquisition-to-help-zeronorth-expand-footprint-in-asia-75098
9. Kuwait’s Al Zour to ramp up oil products exports from record levels in Jan
Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of 2023 to plug Russian shortfalls in Europe and meet growing demand in Asia and Africa, industry sources and analysts said. The much delayed 615,000 barrel-per-day (bpd) refinery is one of several new complexes coming online this year across the world to churn out more oil products and cool refining margins from record levels last year following the disruption of supplies from top exporter Russia. https://www.shippingtribune.com/news/shipping/Kuwait%E2%80%99s+Al+Zour+to+ramp+up+oil+products+exports+from+record+levels+in+Jan
10. Singapore companies should manage own risks in Russian oil trade, minister says
Companies in Singapore will have to consider and manage any potential impact on their business activities, transactions, and customer relationships when dealing with Russian crude oil and refined products, a government official said on Friday. Russia’s oil trade faces multiple restrictions imposed by the West and Moscow in the wake of the Ukraine war. https://www.shippingtribune.com/news/shipping/Singapore+companies+should+manage+own+risks+in+Russian+oil+trade%2C+minister+says
