1. Thank you Shipping Deputy Minister Vassilis Demetriades
At CSN we would like to express our gratitude and sincere appreciation for the excellent co-operation we had over the years of service of Cyprus Shipping Deputy Minister Vassilis Demetriades and below we have included the first and last interview we had with him. https://cyprusshippingnews.com/2023/02/28/thank-you-shipping-deputy-minister-vassilis-demetriades/
2. BSM invest in specialist teams and IT tools required to ensure a smooth transition to EU ETS
The inclusion of the maritime sector into the EU Emissions Trading System is done and dusted to be introduced from 2024. Bernhard Schulte Shipmanagement is developing solutions to support its customers to navigate the complexity of the upcoming requirements. https://cyprusshippingnews.com/2023/02/28/bsm-invest-in-specialist-teams-and-it-tools-required-to-ensure-a-smooth-transition-to-eu-ets/
3. Baltic index posts second-biggest jump as vessel rates rebound
The Baltic Exchange’s main sea freight index posted its second-biggest jump ever on Thursday, as rates for all vessel segments rebounded from their multi-year lows, led by capesizes. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 142 points, or about 21.1%, at 816, an over one-month high. https://cyprusshippingnews.com/2023/02/28/baltic-index-posts-second-biggest-jump-as-vessel-rates-rebound/
4. Professor Max Mejia to lead World Maritime University
Professor Max Mejia selected to succeed Dr. Cleopatra Doumbia-Henry as the new President of the World Maritime University. Following a competitive selection process, Professor Max Mejia has been selected by the Secretary-General of the International Maritime Organization, Chancellor of the university, to succeed Dr. Cleopatra Doumbia-Henry as the new President of the World Maritime University (WMU), based in Malmö, Sweden. https://cyprusshippingnews.com/2023/02/28/professor-max-mejia-to-lead-world-maritime-university/
5. Golar LNG sells out of CoolCo
Tor Olav Trøim’s Golar LNG has sold just under 4.5m shares in spin-off Cool Company (CoolCo) for around $56m and now has only one share left in the LNG shipowner. Golar LNG started its exit from CoolCo last year by selling 8m shares in November, raising net proceeds of $98m. https://splash247.com/golar-lng-sells-out-of-coolco/
6. Maersk Supply Service seals cable layer contract extension with Seaway 7
Danish offshore contractor and shipowner Maersk Supply Service has secured a long-term charter extension with Subsea 7’s Oslo-listed offshore wind specialist Seaway 7 for the cable laying vessel Maersk Connector.
The 2016-built vessel has been engaged to continue operations on behalf of Seaway 7 until the end of December 2025, following successful campaigns in Taiwan and the UK. https://splash247.com/maersk-supply-service-seals-cable-layer-contract-extension-with-seaway-7/
7. New capacity enters ‘thriving’ Russian container sector
Within weeks of the first shots being fired in eastern Europe most global liners announced they were pulling out of the Russian market, with a notable exception, Swiss-headquartered Mediterranean Shipping Co (MSC), the world’s largest containerline, which has made a fortune from the elevated rates in and out of the world’s largest country. https://splash247.com/new-capacity-enters-thriving-russian-container-sector/
8. New Study Finds Seabirds Birds Avoid Offshore Wind Turbines
Offshore wind energy critics often cite the risk of collision with birds as an argument against the use of wind power. But a new study conducted by European energy company Vattenfall shows that offshore wind turbines at one UK wind farm are much less dangerous to birds than previously thought, a step towards debunking common claims that turbines are major contributor to bird mortality. https://gcaptain.com/new-study-finds-seabirds-birds-avoid-offshore-wind-turbines/
9. Container Shipping: Tables Have Turned at TPM 2023
One year ago, there were more than 100 ships waiting outside the ports of Los Angeles and Long Beach, loaded to the gunnels with imports from Asia. With premium fees, shippers were paying up to $20,000 to ship a 40ft container from China to the US west coast. Just 12 months later, as the annual JOC TPM Conference at Long Beach gets into gear, there are very few containerships to be seen in the San Pedro Bay, and those that are discharging at LA/LB terminals came straight to a berth. https://gcaptain.com/container-shipping-tables-have-turned-at-tpm-2023/
10. Insurers count the cost of ships snagged in Ukraine crisis
Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a year after the start of the war with Russia, industry sources said. When the conflict started, more than 90 merchant ships – many with food cargoes onboard – and some 2,000 crew members were caught in Ukraine and unable to leave due to the fighting. https://www.shippingtribune.com/news/shipping/Insurers+count+the+cost+of+ships+snagged+in+Ukraine+crisis
