1. IINO Kaiun Kaisha conducts marine biofuel trial in Singapore
IINO Kaiun Kaisha (IINO) announced that it has conducted a trial on one of its vessels using a marine biofuel blend delivered in Singapore on December 18. The chemical tanker “Chemroad Echo” was supplied with B24 marine biofuel, consisting of 24% fatty acid methyl easter (FAME), blended with very low sulfur fuel oil (VLSFO). The biofuel blend was delivered in Singapore by bp. https://cyprusshippingnews.com/2023/03/03/iino-kaiun-kaisha-conducts-marine-biofuel-trial-in-singapore/
2. Unprecedented study by Wilson Sons finds 528 startups in the maritime and port industry worldwide
Big Data and Artificial Intelligence are the two main technologies used. The study will be presented at Intermodal South America 2023 in São Paulo. Today, worldwide, there are 528 startups in the maritime and port sector, some of which offering solutions directly targeting this industry. They are based in 45 countries on five continents, according to an unprecedented study carried out by Wilson Sons, Brazil’s largest maritime and port logistics operator, supported by Cubo Maritime & Port, an initiative of Cubo Itaú in collaboration with Wilson Sons, Porto do Açu and Hidrovias do Brasil, to promote an alliance with major corporations, startups, investment funds and other stakeholders in the port ecosystem. https://cyprusshippingnews.com/2023/03/03/unprecedented-study-by-wilson-sons-finds-528-startups-in-the-maritime-and-port-industry-worldwide/
3. Kongsberg Digital launches Industrial Work Surface to shape the Future of Work in Carbon Intensive Industries
Kongsberg Digital has launched its Industrial Work Surface, which aims to fundamentally change how carbon-intensive industries operate by enabling the company’s software users to work within a single digital environment. By providing end-to-end user workflows, Kongsberg Digital’s customers will benefit from cleaner, more efficient and lower cost operations, reinforcing the company’s proven technology already deployed across the energy and maritime sectors. https://cyprusshippingnews.com/2023/03/03/kongsberg-digital-launches-industrial-work-surface-to-shape-the-future-of-work-in-carbon-intensive-industries/
4. Baltic Index hits over seven-week high on growing vessel demand
The Baltic Exchange’s main sea freight index rose to its highest in over seven weeks on Wednesday, supported by higher shipping rates for all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 109 points, or about 11%, to 1,099 — its highest since Jan. 10. https://cyprusshippingnews.com/2023/03/03/baltic-index-hits-over-seven-week-high-on-growing-vessel-demand/
5. Final acceptance audit of Wilhelmshaven LNG terminal successful
On February 28, 2023, the final acceptance audit took place at the Wilhelmshaven LNG terminal by the responsible authorities under the leadership of the Oldenburg State Trade Supervisory Office (GAA Oldenburg). This final acceptance is stipulated in the BImSchG approval notice (BImSchG = Federal Immission Control Act) dated December 16, 2022. https://cyprusshippingnews.com/2023/03/03/final-acceptance-audit-of-wilhelmshaven-lng-terminal-successful/
6. DP World to invest $38m in Brazil’s Port of Santos
Dubai-headquartered terminal operator DP World has announced a $38m investment to expand and modernise its facilities located on the left bank of Brazil’s Port of Santos. The investment is expected to see an increase in annual movement capacity from 1.2m teu to 1.4m teu and an expansion of the quay from 1,100 m to 1,300 m. The expansion will also increase the capacity of the cellulose export complex at the port from 3.6m tonnes to 5.4m tonnes annually. https://splash247.com/dp-world-to-invest-38m-in-brazils-port-of-santos/
7. Fednav sells terminals division
Canadian bulk carrier operator Fednav has sold its marine terminal business to Logistec Stevedoring, a subsidiary of fellow Logistec Corporation, for $105m. The deal incorporates Canadian and US terminal business, including Federal Marine Terminals and the logistics division, Fednav Direct. https://splash247.com/fednav-sells-terminals-division/
8. Russia Wheat Exports Nearly Double What They Were Before War
After a slow start to the season, Russia’s grain exports are booming as buyers load up on its attractive bumper supplies. The country’s shipments of wheat — its main crop — almost doubled in January and February from a year earlier, Logistic OS data show. Buyers shunned cargoes earlier in the season when prices weren’t as appealing, but are now returning as last year’s massive harvest helps Russian grain to rank among the cheapest globally. https://gcaptain.com/russia-wheat-exports-nearly-double-what-they-were-before-war/
9. Philippines Says Chinese Navy Ship Spotted Near Disputed Island
The Philippines said on Saturday it had spotted a Chinese navy ship and dozens of militia vessels around a contested Philippine-occupied island in the South China Sea, as territorial tensions mount in the area. The Philippine Coast Guard said 42 vessels believed to be crewed by Chinese maritime militia personnel were seen in the vicinity of Thitu island, while a Chinese navy vessel and coast guard ship were observed “slowly loitering” in the surrounding waters. https://gcaptain.com/philippines-says-chinese-navy-ship-spotted-near-disputed-island/
10. Container lines still chartering ships despite drop in cargo demand
well off their peaks. Gone are the days when a small container ship could earn $200,000 per day for three months, or a midsize ship could earn $60,000 per day for five years. Yet deals are still getting done.
“It’s not like there is no demand. There is ongoing demand. There is ongoing charter business,” affirmed George Youroukos, CEO of Global Ship Lease (NYSE: GSL), on a conference call Wednesday https://www.shippingtribune.com/news/shipping/Container+lines+still+chartering+ships+despite+drop+in+cargo+demand
