1. The world’s largest shallow-water LNG carrier successfully delivered
On February 18, a new ship delivery ceremony was held at the Zero Base of Shanghai Changxing Island with respect to the first 7,9600m3 of liquefied natural gas (LNG) carrier “Dapeng Princess” surveyed by China Classification Society (CCS) and built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. for Dapeng Princess LNG Transportation (Holdings) Co., Ltd., and CCS Shanghai Branch was invited to attend the delivery ceremony, according to China Classification Society. https://cyprusshippingnews.com/2023/03/10/the-worlds-largest-shallow-water-lng-carrier-successfully-delivered/
2. Acting responsibly ashore and at sea Hapag-Lloyd presents Sustainability Report 2022
Hapag-Lloyd has published its Sustainability Report 2022, outlining the various measures which were taken in 2022 to move towards a more sustainable future. The report highlights Hapag-Lloyd’s commitment to clean shipping and environmental protection, as well as its numerous aid campaigns carried out with employees worldwide. https://cyprusshippingnews.com/2023/03/10/acting-responsibly-ashore-and-at-sea-hapag-lloyd-presents-sustainability-report-2022/
3. “Coexistence is essential” as DNV report shows demand for ocean space will grow 5-fold by 2050
The collaboration between ocean industries will need to intensify for the rapid buildout of offshore wind and aquaculture to coexist sustainably with other industries and the ecosystem. According to DNV’s Spatial Competition Forecast, the amount of ocean space occupied by installations will grow 5-fold by 2050. This will be driven by offshore wind, which will account for 80% of stationary infrastructure at sea by midcentury, followed by aquaculture (13%) and oil and gas (5%). https://cyprusshippingnews.com/2023/03/10/coexistence-is-essential-as-dnv-report-shows-demand-for-ocean-space-will-grow-5-fold-by-2050/
4. NYK and FueLNG achieve first LNG Bunkering of PCTC in Singapore
Nippon Yusen Kabushiki Kaisha (NYK), a leading Japanese shipping company, and FueLNG, a joint venture between Keppel Offshore & Marine Ltd and Shell Eastern Petroleum (Pte) Ltd, have completed the first bunkering to an LNG-fueled pure car and truck carrier (PCTC) in Singapore. NYK’s Jasmine Leader, one of the largest PCTCs in the world, successfully completed her LNG bunkering with FueLNG Bellina on 8 March 2023. https://cyprusshippingnews.com/2023/03/10/nyk-and-fuelng-achieve-first-lng-bunkering-of-pctc-in-singapore/
5. BIMCO Shipping Number of the Week
Record soybean harvest predicted despite Brazilian export decline of 31% “Brazil’s soybean harvest is behind schedule due to heavy rain with exports down 31% y/y in the first two months of 2023. But despite the slow start, Brazil is headed for a record harvest and a sharp increase in exports during the coming months,” says Filipe Gouveia, Shipping Analyst at BIMCO. https://cyprusshippingnews.com/2023/03/10/shipping-number-of-the-week-4/
6. How A SVB Bailout Could Solve Global Security Problems
What is the common denominator in the recent port congestion crisis and current Taiwan security crisis, global food crisis, global energy crisis, US military PACOM logistics crisis, the Silicon Valley Bank Crisis, and Ukraine War? What’s at the core of China’s strength and power? Ships! In this raw, unedited (we apologize for the grammar and spelling) emergency editorial Captain John Konrad explains an immediate solution to all these seemingly unrelated problems: returning Silicon Valley (SV) to its shipbuilding and naval research roots. https://gcaptain.com/an-svb-bailout-could-immediately-solve-many-global-problem/
7. Eight Dead After Two Boats Capsize Near San Diego
At least eight people have died after two fishing boats capsized off the coast of San Diego, California, emergency officials said on Sunday.San Diego Fire-Rescue said in a statement that a search and recovery operation began late Saturday night, when the department received calls about fishing boats in distress off the coast of San Diego’s Black’s Beach. https://gcaptain.com/eight-dead-after-two-boats-capsize-near-san-diego/
8. UN Re-Launches Crowdfunding Campaign for FSO Safer Oil Removal Operation
With yesterday’s news that the United Nations has secured the purchase of an oil tanker to receive oil from the decaying FSO Safer in the Red Sea, the UN is re-launching a crowdfunding campaign to fill budget gaps to complete the safe removal of oil from the vessel. https://gcaptain.com/un-re-launches-crowdfunding-campaign-for-fso-safer-oil-removal-operation/
9. Centre sanctions eight floating jetty projects in Tamil Nadu, Karnataka
The ports, shipping, and waterways ministry has provided in-principle approval for eight floating jetty projects — four each in Tamil Nadu and Karnataka. Minister of Ports, Shipping and Waterways Sarbananda Sonowal said, “Our Hon’ble PM Narendra Modi lays high emphasis on providing strong connectivity, which is essential for building a developed India, the installation of these jetties will be a big push for socio economic development of these regions in Karnataka and Tamil Nadu and create new avenues for water related tourism and regional trade with more employment opportunities to the local population.” https://www.shippingtribune.com/news/shipping/Centre+sanctions+eight+floating+jetty+projects+in+Tamil+Nadu%2C+Karnataka
10. Navios Maritime Holdings Inc. Reported 2022 Net Income of $87.3 Million
Navios Maritime Holdings Inc. reported its financial results for the fourth quarter and year ended December 31, 2022. Navios Holdings owns (i) a controlling equity stake in Navios South American Logistics Inc. (“Navios Logistics”), one of the largest infrastructure and logistics companies in the Hidrovia region of South America and (ii) an interest in Navios Maritime Partners L.P., a leading United States publicly listed shipping company that owns and operates dry cargo and tanker vessels. https://www.shippingtribune.com/news/shipping/Navios+Maritime+Holdings+Inc.+Reported+2022+Net+Income+of+%2487.3+Million